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Category: Business

Intel has limited customer commitments for latest chip manufacturing tech, CFO says
Business

Intel has limited customer commitments for latest chip manufacturing tech, CFO says

(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently…

May 13, 2025
Blackstone in talks to buy utility TXNM, source says
Business

Blackstone in talks to buy utility TXNM, source says

(Reuters) – The infrastructure investing arm of asset manager Blackstone is in talks to buy New Mexico and Texas-focused utility…

May 12, 2025
Business

Fidelity website outage blocks users from trading rally

By Suzanne McGee (Reuters) -Fidelity trading platforms experienced outages just as U.S. stock markets opened for trading on Monday morning,…

May 12, 2025
AI firm Perplexity eyes $14 billion in valuation in fresh funding round, WSJ reports
Business

AI firm Perplexity eyes $14 billion in valuation in fresh funding round, WSJ reports

(Reuters) -Perplexity AI is in advanced talks to raise $500 million in a funding round that would value the startup…

May 12, 2025
BYD factory delayed in Brazil to be ‘fully functional’ by end-2026, says official
Business

BYD factory delayed in Brazil to be ‘fully functional’ by end-2026, says official

By Fabio Teixeira RIO DE JANEIRO (Reuters) -Chinese electric car maker BYD’s new factory in Brazil will be “fully functional”…

May 12, 2025
OpenAI negotiates with Microsoft for new funding and future IPO, FT reports
Business

OpenAI negotiates with Microsoft for new funding and future IPO, FT reports

(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the…

May 11, 2025
Audi CEO expects ‘more bearable’ tariff regulation in coming months
Business

Audi CEO expects ‘more bearable’ tariff regulation in coming months

FRANKFURT (Reuters) -Volkswagen’s premium brand Audi, which has no production in the United States, expects current trade talks between Brussels…

May 9, 2025May 9, 2025
J&J’s skin disease drug meets main goal in late-stage study
Business

J&J’s skin disease drug meets main goal in late-stage study

(Reuters) -Johnson & Johnson said on Friday its experimental psoriasis drug helped patients achieve clear or almost clear skin in…

May 9, 2025May 9, 2025
Pinterest shares surge as strong ad spend defies tariff uncertainty
Business

Pinterest shares surge as strong ad spend defies tariff uncertainty

(Reuters) -Pinterest shares jumped over 12% in premarket trading on Friday, after a strong quarterly revenue forecast allayed investor jitters…

May 9, 2025May 9, 2025
Trump says 80% tariff on Chinese goods “seems right”
Business

Trump says 80% tariff on Chinese goods “seems right”

(Reuters) -U.S. President Donald Trump said on Friday that 80% tariffs on Chinese goods “seems right” as representatives prepared for…

May 9, 2025May 9, 2025

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