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High-flying Nvidia’s earnings could test US stock market’s AI dreams
Business

High-flying Nvidia’s earnings could test US stock market’s AI dreams

By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Next week’s earnings report from chipmaker Nvidia could prove…

February 16, 2024February 17, 2024
Economy

RedBird IMI strikes $1.45 billion deal for UK’s All3Media

(Reuters) -Jeff Zucker-led investment group RedBird IMI has struck a 1.15 billion pound ($1.45 billion) deal to buy Britain’s All3Media,…

February 16, 2024February 16, 2024
Nvidia’s scorching shares drew hedge funds in Q4, filings show
Business

Nvidia’s scorching shares drew hedge funds in Q4, filings show

(This Feb. 14 story has been corrected to change stock performance to ‘nearly 240%’ from 65%, in paragraph 2) By…

February 16, 2024February 16, 2024
Amazon joins companies arguing US labor board is unconstitutional
Business

Amazon joins companies arguing US labor board is unconstitutional

By Daniel Wiessner (Reuters) – Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a…

February 16, 2024February 16, 2024
OpenAI, Meta and other tech giants sign effort to fight AI election interference
Business

OpenAI, Meta and other tech giants sign effort to fight AI election interference

By Sheila Dang and Katie Paul (Reuters) – A group of 20 tech companies announced on Friday they have agreed…

February 16, 2024February 16, 2024
Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
Business

Home Depot 2024 forecast in focus as investors pin hopes on sales recovery

By Deborah Mary Sophia (Reuters) – Home Depot’s annual forecast will be the prime focus for investors when the U.S.…

February 16, 2024February 16, 2024
Fed needs time, data, patience on inflation fight: Daly
Business

Fed needs time, data, patience on inflation fight: Daly

(Reuters) – Despite “remarkable” progress on U.S. inflation, Federal Reserve Bank of San Francisco President Mary Daly said on Friday…

February 16, 2024February 16, 2024
AI firms surge after chip giant Nvidia discloses stake
Business

AI firms surge after chip giant Nvidia discloses stake

By Medha Singh (Reuters) -Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker,…

February 15, 2024February 15, 2024
NYCB discloses over $18.7 billion in reciprocal deposit capacity, shares rise
Business

NYCB discloses over $18.7 billion in reciprocal deposit capacity, shares rise

By Manya Saini (Reuters) -New York Community Bancorp shares rose 5% on Thursday after it disclosed it has more than…

February 15, 2024February 15, 2024
Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit
Business

Pfizer agrees to pay $93 million to settle Lipitor antitrust lawsuit

By Mike Scarcella (Reuters) – Pfizer has agreed to pay $93 million to settle antitrust claims by wholesale drug distributors…

February 15, 2024February 15, 2024

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