Sleepy utilities sector shines as haven from US stock turbulence
By Lewis Krauskopf NEW YORK (Reuters) – Shares of utilities companies are presenting investors with a rare bright spot in…
Category: Business
Lucid gets up to $1.5 billion in funding from Saudi shareholder
(Reuters) -Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion…
Nvidia’s AI chip demand to face limited impact from potential production delay, analysts say
(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as…
Delay to Nvidia’s new AI chip could affect Microsoft, Google, Meta, the Information says
(Reuters) – Design flaws could cause a delay of three months or more in the launch of chip giant Nvidia’s…
Exclusive-Data provider Dun & Bradstreet explores sale, sources say
By Milana Vinn, Anirban Sen and David French NEW YORK (Reuters) – Data and analytics provider Dun & Bradstreet, which…
Roblox lifts bookings forecast as mature content draws more paying gamers
By Zaheer Kachwala (Reuters) -Roblox raised its annual bookings forecast on Thursday, as user engagement increased on its platform during…
Carvana shares surge on robust 2024 core profit forecast
(Reuters) – Shares of Carvana surged nearly 13% in premarket trade a day after the used car retailer forecast annual…
Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026
By Patrick Wingrove and Leroy Leo (Reuters) -Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial…
Chip index collapses 8% as Arm punctures AI optimism
(Reuters) – U.S. chip stocks plummeted on Thursday, on track for their worst day since 2020, after a conservative forecast…
US mulls new curbs on China’s access to AI memory chips, Bloomberg News says
(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron…