Intel delays $28 billion Ohio chip factories to 2030, local media reports
(Reuters) – Intel’s promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in…
Silicon Valley Bank’s former parent can pursue $1.93 billion FDIC lawsuit
By Jonathan Stempel (Reuters) – Silicon Valley Bank’s former parent may pursue a lawsuit to recover $1.93 billion of deposits…
Starlink terminals are being sent to restore US air traffic control connectivity, Musk says
(Reuters) – Billionaire Elon Musk on Thursday said that Starlink terminals are being sent on an emergency basis to restore…
Amazon unveils quantum chip, aiming to shave years off development time
By Stephen Nellis (Reuters) – Amazon Web Services on Thursday showed a quantum computing chip with new technology that it…
Nvidia’s solid revenue forecast generates shrugs from investors, shares dip
By Arsheeya Bajwa (Reuters) – Nvidia’s upbeat quarterly forecast signaled that the AI boom is not over, but it failed…
US pending home sales tumble to record low in January
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes plunged to a record low in January as higher mortgage…
Crucial Nvidia results to set the course for faltering ‘Magnificent Seven’
By Aditya Soni (Reuters) – Nvidia’s much-awaited results – seen as a barometer of AI chip demand – on Wednesday…
Exclusive-US SEC plans to cut regional directors as agency prepares for DOGE scrutiny, sources say
By Chris Prentice and Douglas Gillison NEW YORK/WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission plans to remove the top…
Tesla’s market value tumbles below $1 trillion as its Europe sales slump
By Noel Randewich (Reuters) – Tesla’s stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the…
US bank profits climb as regulator adjusts ‘problem bank’ tracking
By Pete Schroeder WASHINGTON (Reuters) – U.S. banking sector profits rose 2.3% to $66.8 billion in the fourth quarter of…