Investors react to Trump announcement of auto tariffs
(Reuters) – U.S. President Donald Trump said late on Wednesday that the United States will effectively charge a 25% tariff…
Category: Business
Microsoft pulls back from more data center leases in US and Europe, analysts say
(Reuters) – Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe…
Coca Cola bottlers raided by EU antitrust regulators, source says
By Foo Yun Chee BRUSSELS (Reuters) – Coca Cola bottlers were raided by EU antitrust regulators earlier this month, a…
Aurora plans for self-driving trucks in harsh weather ahead of commercial launch
(Reuters) – Aurora Innovation plans to allow its self-driving trucks to operate without a driver in inclement weather ahead of…
Tesla jumps as possible tariff leeway, lower share price draw investors
By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following…
Apple losing over $1 billion a year on streaming service, the Information reports
(Reuters) -Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing…
Nvidia to open quantum computing lab, CEO says
By Stephen Nellis SAN JOSE, California (Reuters) -Nvidia will open a quantum computing research lab in Boston, where it plans…
Perplexity AI in talks to raise funds at $18 billion valuation, source says
By Jaspreet Singh and Akash Sriram (Reuters) -Perplexity AI is in talks to raise funds at an $18 billion valuation,…
Nvidia CEO says orders for 3.6 million Blackwell GPUs exclude Meta
(Reuters) -Nvidia CEO Jensen Huang said on Wednesday that orders for some 3.6 million of its flagship “Blackwell” chips from…
Music revenues rise again in 2024, boosted by streaming subscriptions, report shows
LONDON (Reuters) – Subscription streaming boosted global recorded music revenues for a tenth straight year in 2024, by 4.8% to…