Silicon Valley Bank’s former parent can pursue $1.93 billion FDIC lawsuit
By Jonathan Stempel (Reuters) – Silicon Valley Bank’s former parent may pursue a lawsuit to recover $1.93 billion of deposits…
Intel delays $28 billion Ohio chip factories to 2030, local media reports
(Reuters) – Intel’s promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in…
US goods trade deficit widens sharply in January
WASHINGTON (Reuters) – The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded imports ahead…
Microsoft urges Trump to overhaul Biden’s last AI-chip export curbs
(Reuters) -Microsoft has urged President Donald Trump’s team to ease export restrictions imposed on artificial intelligence chips in the closing…
Elon Musk throws weight behind merging FTC and DOJ antitrust units
By Jody Godoy (Reuters) – Elon Musk, the billionaire behind President Donald Trump’s efforts to shrink the U.S. government, threw…
Chevron license termination could lead to new oil export pact in Venezuela, sources say
By Marianna Parraga HOUSTON (Reuters) – The cancellation of a license for Chevron to operate in Venezuela could lead to…
Crucial Nvidia results to set the course for faltering ‘Magnificent Seven’
By Aditya Soni (Reuters) – Nvidia’s much-awaited results – seen as a barometer of AI chip demand – on Wednesday…
Thermo Fisher buys Solventum’s purification and filtration business for $4.1 billion
(Reuters) -Contract drug manufacturer Thermo Fisher Scientific said on Tuesday it will buy Solventum’s purification and filtration business for about…
Meta must face lawsuit claiming it prefers cheaper foreign workers
By Jonathan Stempel (Reuters) – A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the…
Tesla’s market value tumbles below $1 trillion as its Europe sales slump
By Noel Randewich (Reuters) – Tesla’s stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the…