Today: October 05, 2024
Today: October 05, 2024

Latest From Reuters

Business|Economy|Technology

Microsoft, BlackRock CEOs expected to attend G7 session in Italy

The heads of U.S. corporate heavyweights Microsoft and BlackRock are expected to attend talks on infrastructure development during the Group of Seven (G7) summit in southern

Microsoft, BlackRock CEOs expected to attend G7 session in Italy
Business|Technology

Tesla shareholder meeting: How investors are voting on Musk's $56 billion pay package

Investors will vote on Tesla CEO Elon Musk's $56 billion compensation package and the company's reincorporation in Texas, from Delaware, at a shareholder meeting on Thursday.

Tesla shareholder meeting: How investors are voting on Musk's $56 billion pay package
Business|Technology

Virgin Galactic announces reverse stock split

Space tourism company Virgin Galactic announced a 1-for-20 reverse stock split on Wednesday, sending its shares down 19% in extended trading.

Virgin Galactic announces reverse stock split
Business|Economy|Entertainment|Technology

Paramount Global tells employees it will focus on strategic plan

Paramount Global's leadership team told employees Wednesday the company will focus on its new plan to transform its streaming business, reduce costs and divest some assets to help pay down

Paramount Global tells employees it will focus on strategic plan
Business|Technology

Broadcom boosts revenue forecast from AI chips, unveils stock split

Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take advantage of

Broadcom boosts revenue forecast from AI chips, unveils stock split
Business|Technology

Tesla reported to police in Sweden over alleged illegal electrical work

U.S. electric vehicle manufacturer Tesla has been reported to police in Sweden accused of performing electrical installation work without the necessary registration, the Swedish

Tesla reported to police in Sweden over alleged illegal electrical work
Economy|Political|Technology

Trump says he wants all remaining Bitcoin to be made in the US

Republican presidential candidate Donald Trump said on Tuesday that he wants all remaining Bitcoin to be made in the U.S.

Trump says he wants all remaining Bitcoin to be made in the US
Technology

Most drivers in US support anti-speeding technology in vehicles, survey shows

More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by

Most drivers in US support anti-speeding technology in vehicles, survey shows
Business|Economy|Technology

GameStop raises $2.14 billion amid Roaring Kitty-fueled retail trading frenzy

Videogame retailer GameStop said on Tuesday it had completed an "at-the-market" equity offering of its shares to raise roughly $2.14 billion in gross proceeds, days after meme stock

GameStop raises $2.14 billion amid Roaring Kitty-fueled retail trading frenzy
Business|Technology

Oracle expects double-digit revenue growth for fiscal 2025 on strong AI demand

Oracle on Tuesday forecast revenue for fiscal 2025 to grow in double digits, above analysts' estimates, indicating strong demand for its AI-powered cloud services,

Oracle expects double-digit revenue growth for fiscal 2025 on strong AI demand
Business|Economy|Technology

Tesla shareholder sues Musk to return billions in alleged unlawful profits

Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the

Tesla shareholder sues Musk to return billions in alleged unlawful profits
Business|Entertainment|Technology

Spotify to introduce expensive plan later this year, Bloomberg News reports

Spotify will introduce a new expensive plan for its most ardent users later this year, Bloomberg News reported on Tuesday, citing a person familiar with the plan.

Spotify to introduce expensive plan later this year, Bloomberg News reports
Business|Technology

Apple hits record as AI features promise boost in iPhone sales

Apple shares surged over 7% to a record high on Tuesday, nearly regaining from Microsoft its crown as the world's most valuable company a day after it unveiled new AI features meant to

Apple hits record as AI features promise boost in iPhone sales
Business|Economy|Technology

Chinese automakers committed to Europe despite EV tariff probe, industry group says

Chinese automakers' plans to invest in Europe won't be deflected by the EU's anti-subsidy probe into Chinese-made electric vehicles, a leading Chinese auto industry association said

Chinese automakers committed to Europe despite EV tariff probe, industry group says
Business|Technology

Four more states join US monopoly lawsuit against Apple

Four more U.S. states on Tuesday joined the Justice Department's lawsuit against Apple Inc alleging the iPhone maker is monopolizing smartphone markets, the department said in a

Four more states join US monopoly lawsuit against Apple
Political|Technology

US weighs more limits on China's access to AI chips, Bloomberg reports

The Biden administration is considering further restrictions on China's access to chip technology used for artificial intelligence, Bloomberg News reported on Tuesday, citing people

US weighs more limits on China's access to AI chips, Bloomberg reports
Business|Technology

Boeing to open new engineering facility in Florida

Boeing said on Tuesday it will open a new engineering facility in Florida for its defense and government services portfolios and aims to hire for nearly 200 engineering jobs this year.

Boeing to open new engineering facility in Florida
Business|Entertainment|Technology

GameStop tumbles for second day as meme-stock rally fades

Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill's return to YouTube last week failed to spark fresh investor

GameStop tumbles for second day as meme-stock rally fades
Business|Economy|Technology

Chipmaker Intel to halt $25-billion Israel plant, news website says

Intel Corp is halting plans for a $25-billion factory in Israel, Israeli financial news website Calcalist said on Monday, in a report that the chipmaker did not confirm or deny.

Chipmaker Intel to halt $25-billion Israel plant, news website says
Business|Technology

OpenAI hires former Nextdoor CEO Sarah Friar as first CFO

OpenAI said on Monday it had hired Sarah Friar, the former CEO of social media firm Nextdoor, as its first chief financial officer.

OpenAI hires former Nextdoor CEO Sarah Friar as first CFO
Business|Technology

Musk warns that he will ban Apple devices if OpenAI is integrated at operating system level

Billionaire Elon Musk said on Monday he would ban Apple devices at his companies if the iPhone maker integrates OpenAI at the operating system level.

Musk warns that he will ban Apple devices if OpenAI is integrated at operating system level
Business|Technology

Nvidia sparks chatter over possible Dow inclusion after stock split

Nvidia's 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether's inclusion in the blue-chip Dow

Nvidia sparks chatter over possible Dow inclusion after stock split
Entertainment|Technology

Microsoft unveils all-digital Xbox consoles, 'Doom' title at Games Showcase

Microsoft kicked off its annual Xbox Games Showcase on Sunday, unveiling a new all-digital version of its Xbox Series X and S consoles as well as trailers for more than a dozen games

Microsoft unveils all-digital Xbox consoles, 'Doom' title at Games Showcase
Business|Economy|Technology

Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports

Volvo cars has started to shift production of Chinese-made electric vehicles to Belgium in the expectation that the European Union will drive ahead with a

Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports
Business|Technology

Tesla will not launch refreshed Model Y this year, Musk says

Tesla will not launch a refreshed Model Y this year, chief executive Elon Musk said in a post on social media X on Saturday.

Tesla will not launch refreshed Model Y this year, Musk says

Follow