Trump says US adding $1 trillion of investment with Saudi trip
RIYADH (Reuters) – U.S. President Donald Trump said on Tuesday that the United States was adding over $1 trillion in investments with his trip to Saudi Arabia, citing multibillion-dollar commercial deals expected with large companies including Amazon, Oracle and...
US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states
(Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.S. companies during a tour of Gulf states.Among the biggest...
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 “not significant”, finance chief David Zinsner said on Tuesday.Committed volumes, or the amount of external...
Twenty states sue over Trump’s push to link grants to immigration enforcement
By Nate Raymond(Reuters) -A coalition of 20 Democratic-led states filed two lawsuits on Tuesday seeking to block President Donald Trump’s administration from forcing them to cooperate with immigration enforcement in order to receive billions of dollars in...Shhh….Tomorrow’s Market Secrets – Delivered Today
Market Briefing As we begin a critical stretch in the second full week of May, traders are navigating a landscape shaped by mixed economic signals and renewed volatility. Inflation remains sticky, with the spotlight firmly on Wednesday’s CPI release. Earnings...
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 TXNM Energy, a person familiar with the matter said on Monday.Conversations between Blackstone Infrastructure Partners and TXNM about...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, leaving many users of its online, mobile and Active Trader apps unable to execute buy or sell orders.The outage occurred even as...
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 at $14 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. Venture capital firm Accel is set to lead the round,...