US value stocks draw bargain hunters while AI fever rages
By David Randall NEW YORK (Reuters) -As fervor for artificial intelligence sweeps Wall Street, some investors are seeking bargains in…
Category: Business
Reddit seeks up to $6.5 billion valuation in IPO, source says
By Echo Wang (Reuters) – Media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial…
Fitch downgrades NY Community Bancorp to BB+, outlook negative
(Reuters) – Fitch Ratings has downgraded New York Community Bancorp and its bank subsidiary Flagstar Bank to ‘BB+’/’B’ from ‘BBB-‘/’F3’.…
Nvidia CEO says AI could pass human tests in five years
By Stephen Nellis PALO ALTO, California – (Reuters) – Nvidia Chief Executive Jensen Huang on Friday said that artificial general…
Elon Musk sues OpenAI for abandoning original mission for profit
By Jahnavi Nidumolu, Aditya Soni and Sheila Dang (Reuters) -Billionaire entrepreneur Elon Musk has sued ChatGPT-maker OpenAI and its CEO,…
Oil climbs 2%, notches weekly gains ahead of OPEC+ decision
By Nicole Jao NEW YORK (Reuters) -Oil prices rose 2% on Friday and posted weekly gains as traders awaited an…
GM recalling 820,000 pickup trucks for tailgate issue
By David Shepardson WASHINGTON (Reuters) -General Motors is recalling 820,000 newer pickup trucks in North America because tailgates could unlatch…
As NYCB’s shares dive, options traders prepare for worse
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The latest knock to the shares of New York Community Bancorp sent…
Dell forecasts upbeat fiscal 2025 on AI server demand
By Jaspreet Singh (Reuters) -Dell Technologies forecast annual revenue and profit above Wall Street estimates on Thursday, betting on demand…
Robotics startup Figure raises $675 million from Microsoft, Nvidia, OpenAI
By Harshita Mary Varghese and Krystal Hu (Reuters) -Robotics startup Figure said on Thursday it raised $675 million in a…