Meta’s profit hit by about $16 billion one-time tax charge, shares fall
(Reuters) -Meta recorded a nearly $16 billion one-time charge in the third quarter related to U.S. President Donald Trump’s Big…
Senate Democrats urge Trump not to ease national security restrictions on China for trade deal
(Reuters) -A group of Senate Democrats led by Chuck Schumer on Wednesday urged President Donald Trump not to lift national…
Microsoft’s high capital spending overshadows cloud business surge
By Aditya Soni and Deborah Mary Sophia (Reuters) -Microsoft said on Wednesday it spent nearly $35 billion on artificial intelligence…
Carvana’s third-quarter results rise on used vehicle demand
(Reuters) -Used car retailer Carvana reported higher third-quarter profit and revenue on Wednesday, aided by strong demand for preowned vehicles.…
Qualcomm announces new AI chips in data center push, shares surge
By Harshita Mary Varghese (Reuters) -Qualcomm on Monday unveiled two artificial intelligence chips for data centers that will be available…
Meta launches ‘ghost posts’ that disappear after 24 hours on Threads
(Reuters) -Social media giant Meta launched on Monday posts that are automatically archived 24 hours after being uploaded, dubbed “ghost…
Exclusive-Amazon targets as many as 30,000 corporate job cuts, sources say
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday,…
NextEra Energy partners with Google to restart Iowa nuclear plant
(Reuters) -U.S. utility NextEra Energy and Alphabet’s Google have singed a power supply deal, which would help restart the Duane…
IBM says key quantum computing error correction algorithm can run on conventional AMD chips
(Corrects headline and paragraph one to reflect that the algorithm performs error correct and not quantum computing; corrects Jay Gambetta’s…
General Dynamics beats results estimates on strong business jet deliveries
By Aatreyee Dasgupta (Reuters) -General Dynamics on Friday beat Wall Street estimates for third-quarter profit and revenue, driven by strong…