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Category: Business

Biden awards up to $75 million in CHIPS Act grant to Entegris
Business

Biden awards up to $75 million in CHIPS Act grant to Entegris

(Reuters) – American Chip manufacturing supplier Entegris said on Wednesday that it has inked a preliminary deal with the Biden…

June 26, 2024June 26, 2024
Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
Business

Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

(Reuters) -Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company…

June 26, 2024June 26, 2024
Nvidia’s shares surge over 5% after $430 billion market slump
Business

Nvidia’s shares surge over 5% after $430 billion market slump

By Chibuike Oguh NEW YORK (Reuters) – Shares of Nvidia were up over 5% on Tuesday, poised to snap a…

June 25, 2024
Clario files confidentially for US IPO, Bloomberg reports
Business

Clario files confidentially for US IPO, Bloomberg reports

(Reuters) – Clario, a software provider for drugmakers, has confidentially filed for an initial public offering in the United States…

June 25, 2024
Canada considers imposing import tariffs on Chinese EVs
Business

Canada considers imposing import tariffs on Chinese EVs

By David Ljunggren and Ismail Shakil OTTAWA (Reuters) -Canada is considering whether to impose import tariffs on Chinese-made electric vehicles…

June 24, 2024
Paramount Global to raise prices for its streaming plans
Business

Paramount Global to raise prices for its streaming plans

(Reuters) – Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as…

June 24, 2024
Microsoft-G42 deal positive because it cut Huawei ties, White House official says
Business

Microsoft-G42 deal positive because it cut Huawei ties, White House official says

WASHINGTON (Reuters) – A Microsoft deal to invest $1.5 billion in G42 is “generally a positive development” because it forced…

June 24, 2024
US DOJ drops claims that TikTok misled US consumers in lawsuit, Bloomberg News reports
Business

US DOJ drops claims that TikTok misled US consumers in lawsuit, Bloomberg News reports

(Reuters) – The U.S. Department of Justice will not pursue allegations that TikTok misled U.S. consumers about their data security…

June 21, 2024
SoftBank CEO talks up artificial super intelligence ambitions
Business

SoftBank CEO talks up artificial super intelligence ambitions

TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Friday that the group’s mission was to help in humanity’s progress…

June 21, 2024
Huawei says it has made huge strides, from operating systems to AI
Business

Huawei says it has made huge strides, from operating systems to AI

By David Kirton SHENZHEN, China (Reuters) -China’s Huawei Technologies said on Friday it had made breakthroughs in fields from operating…

June 21, 2024

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