(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as they do not expect the setback to have a big impact on the chip giant’s revenue or demand. According to media reports, Nvidia’s Blackwell chips may face delays of three months or more due to […]
By Jarrett Renshaw (Reuters) – The Harris campaign announced on Friday that it raised $310 million in July, fueled by small-dollar donations that flowed into the war chest after President Joe Biden bowed out of the race and endorsed Vice President Kamala Harris. The July figure – more than double the $138.7 million raised by […]
By David Shepardson WASHINGTON (Reuters) – A group of 21 states and more than 50 U.S. lawmakers on Friday backed the Justice Department in its defense of a law that requires China-based ByteDance to sell TikTok’s U.S. assets by Jan. 19 or face a ban. “TikTok is a threat to national security and consumer privacy,” […]
By Jonathan Stempel (Reuters) – Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling a large chunk of its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire sold about 390 million Apple shares in the second quarter, on […]
By Dietrich Knauth NEW YORK (Reuters) – SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge’s permission on Friday to turn over its assets to creditors and end its bankruptcy. Its bankruptcy restructuring has made provision for the creation of a trust to pursue litigation against the U.S. Federal […]
NEW YORK (Reuters) -Global equities sold off on Friday and U.S. Treasury yields were at multi-month lows on concerns about the economy and downbeat forecasts from Amazon and Intel, which hit richly-valued technology firms. The Nasdaq Composite index was recently down 2.3%, putting it on track to confirm it is in a correction following worries […]
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazil’s Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia’s Mopane oil prospect in Namibia, two sources with knowledge of the matter told Reuters. Last week, Petrobras’ director of exploration and production, Sylvia dos Anjos, told Reuters that […]
By Niket Nishant and Manya Saini (Reuters) – The next U.S. administration will be “constructive” on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday, underscoring the industry’s growing political influence ahead of the November election. The highly volatile crypto sector is seen as a risky fringe industry and has […]
By David Shepardson WASHINGTON (Reuters) – The U.S. Justice Department filed a lawsuit Friday against TikTok and parent company ByteDance for failing to protect children’s privacy on the social media app. The government said TikTok violated the Children’s Online Privacy Protection Act that requires services aimed at children to obtain parental consent to collect personal […]
By Zaheer Kachwala (Reuters) -Roblox raised its annual bookings forecast on Thursday, as user engagement increased on its platform during the summer holidays and more mature content helped it draw older users with higher spending power. Shares of the company rose 3.5% in premarket trading. The video gaming company, known for its popularity among younger […]
