Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds taking long and short bets on stocks last year sported their…
Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path
By Niket Nishant and Manya Saini (Reuters) -Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government…
US winter storms could cause power outages, cut natgas supplies
By Scott DiSavino (Reuters) – Freezing weather and snow storms across the U.S. could cause massive power outages over the…
US sanctions China’s Integrity Technology over alleged hacking sweep
WASHINGTON (Reuters) -The U.S. on Friday sanctioned China’s Integrity Technology Group, accusing it of being behind a prolific hacking group…
Microsoft plans to invest $80 billion on AI-enabled data centers in fiscal 2025
(Reuters) -Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence…
EV maker Rivian beats expectations for deliveries as supply snag eases
By Jaspreet Singh (Reuters) -Rivian surpassed analysts’ expectations for fourth-quarter deliveries on Friday and said its production was no longer…
European drinks group skid after US surgeon general calls for cancer warnings
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer…
Nvidia’s market value gets $2 trillion boost in 2024 on AI rally
(Reuters) – Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial…
Nvidia closes $700 million Run:ai acquisition after regulatory hurdles
(Reuters) – Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust…
China’s Xi offers deep condolences over Jimmy Carter’s death
BEIJING (Reuters) -China’s President Xi Jinping on Monday offered his condolences over the death of Jimmy Carter, saying the former…