Pentagon buys two new types of drones under Replicator initiative
By Mike Stone WASHINGTON (Reuters) – The Pentagon announced on Wednesday that it will add two new types of drones…
AMD to cut 4% of global workforce as it focuses on AI chip development
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs…
North Korean soldiers joining Russia in combat, US State Dept says
WASHINGTON (Reuters) – North Korean troops have begun engaging in combat operations alongside Russian forces, the U.S. State Department said…
US banks saw weaker loan demand in the third quarter, Fed survey shows
(Reuters) -U.S. banks saw weaker demand for a key category of business loans during the third quarter, while the demand…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Shopify delivers upbeat holiday forecast as AI draws customers, shares surge
(Reuters) -Shopify forecast fourth-quarter revenue growth above estimates on Tuesday, as the Canadian company’s focus on employing AI-powered tools attract…
Hedge funds pile into banks, dump green energy post US election, Goldman Sachs says
By Nell Mackenzie LONDON (Reuters) – Hedge funds snapped up bank stocks at the quickest clip in three years while…
Bitcoin surge triggers billions in losses for crypto short traders after Trump win
By Shashwat Chauhan (Reuters) – Short sellers of cryptocurrency and blockchain-related stocks have suffered heavy losses since Nov. 6, after…
Tesla options draw ‘euphoric’ trading as Trump win fires up stock
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors are piling into bullish options bets on Tesla shares, with the…
As Donald Trump staffs up for second term, only MAGA loyalists need apply
By Gram Slattery and Alexandra Ulmer WEST PALM BEACH, Florida (Reuters) – As advisers and allies of Republican President-elect Donald…