U.S. chip bans not meant to hobble China’s growth, Blinken says
By Stephen Nellis (Reuters) – U.S. export controls on sending advanced computing chips to China are not meant to hold…
Day: April 26, 2024
Google plans $3 billion data center investment in Indiana, Virginia
(Reuters) – Alphabet unit Google said on Friday it would invest $3 billion to set up a data center campus…
Earnings for Big Oil backpedal as natgas prices tumble
By Sabrina Valle HOUSTON (Reuters) -U.S. and European oil companies reported weaker first quarter results on Friday due to a…
Warren Buffett’s real estate brokerage reaches $250 million antitrust settlement
By Jonathan Stempel (Reuters) – A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway said on Friday it reached…
Trump allies drafting plans to erode Fed’s independence, WSJ reports
(Reuters) -The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve’s…
Chipmaker Intel falls as AI competition hurts forecast
(Reuters) -Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was…
Google parent Alphabet reclaims spot in $2 trillion valuation club
(Reuters) – Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as…
Chevron posts Q1 profit beat with oil production gains
By Sabrina Valle and Mrinalika Roy (Reuters) -Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher…
Microsoft results top Wall Street targets, driven by AI investment
By Yuvraj Malik, Anna Tong and Stephen Nellis (Reuters) -Microsoft beat Wall Street estimates for third-quarter revenue and profit on…
Google parent announces first-ever dividend; beats on sales, profit; shares soar
By Greg Bensinger and Akash Sriram (Reuters) – Alphabet announced its first-ever dividend on Thursday and a $70 billion stock…