MP Materials swings to quarterly loss on falling rare earths prices
(Reuters) -Rare earths miner MP Materials on Thursday reported a fourth-quarter loss due to slipping prices for the strategic minerals…
Month: February 2024
Block outlook tops earnings estimates, boosting shares 12%
By Hannah Lang (Reuters) -Shares in Jack Dorsey-led Block surged 12% on Thursday after the payments firm forecast adjusted core…
Nvidia fuels global stock records, bond yields rise
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -AI chipmaker Nvidia’s stunning results sparked a worldwide wave of record…
Intel signs Microsoft as foundry customer, says on track to overtake TSMC
By Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Wednesday that Microsoft plans to use its services to…
Nvidia stock surges as revenue forecast tops estimates, AI demand continues
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that…
Lucid forecasts annual vehicle production below estimates
(Reuters) -Lucid Group forecast annual vehicle production far below analysts’ estimates on Wednesday, on signs that demand for its luxury…
California puts Waymo robotaxi expansion application on hold until June 19
By Abhirup Roy SAN FRANCISCO (Reuters) -A California regulator has put on hold until June 19 an application by Alphabet’s…
Capital One-Discover deal adds rival to Visa and Mastercard, easing antitrust concerns
By Niket Nishant, Manya Saini and Carolina Mandl (Reuters) -Capital One Financial’s $35.3 billion deal for Discover Financial would create…
Nvidia dethrones Tesla as Wall Street’s most traded stock
By Noel Randewich (Reuters) -Chipmaker Nvidia is replacing Tesla as Wall Street’s most traded stock by value, adding to its…
US Supreme Court won’t review Apple’s win against $503 million patent verdict
By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday declined to hear patent-licensing company VirnetX’s bid to…