U.S. Steel shareholders approve $14.9 billion buyout by Nippon Steel
By Aatreyee Dasgupta (Reuters) -U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan’s Nippon Steel, as…
Category: Business
US lawmakers angry after Huawei unveils laptop with new Intel AI chip
WASHINGTON (Reuters) -Republican U.S. lawmakers on Friday criticized the Biden administration after sanctioned Chinese telecoms equipment giant Huawei unveiled a…
Citi profit falls on severance costs from reorganization while stock slides
By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s first-quarter profit fell 27% as the bank took charges related to its…
Nike bosses plan ‘biggest’ Olympics spend as marketing ramps up
By Helen Reid PARIS (Reuters) – Nike is spending more on this Olympics than any previous Games, top executives said…
Fed looks to slice balance sheet runoff pace by half
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve is preparing in short order to slow the rate at…
Meta debuts new generation of AI chip
By Max A. Cherney SAN FRANCISCO (Reuters) – Meta Platforms unveiled details on Wednesday about the next generation of the…
Airbus says first-quarter jet deliveries rose 12%
PARIS (Reuters) -Airbus jet deliveries rose 12% in the first quarter, the European planemaker said on Tuesday. Deliveries reached 142…
Intel reveals details of new AI chip to fight Nvidia dominance
By Max A. Cherney SAN FRANCISCO (Reuters) – Intel detailed a new version of its artificial intelligence chip at its…
Moderna jumps as vaccine shows benefit in head and neck cancer in early study
(Reuters) -Moderna shares rose 8% to a three-month high on Tuesday after the company’s individualized cancer vaccine developed with Merck…
BlackBerry gains on partnership with AMD for robotics systems
(Reuters) – BlackBerry shares jumped more than 7% on Tuesday after the Canadian company teamed up with Advanced Micro Devices…