Reuters US Business

By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) – PsiQuantum said on Wednesday it had cracked one of the crucial challenges in quantum computing: a method to manufacture quantum chips at the volumes needed to build commercially viable machines. Quantum technology has the potential to perform types of calculations that would stump even …

Startup PsiQuantum says it is making millions of quantum computing chips Read More »

By Michael S. Derby (Reuters) – Expectations for the future path of the Federal Reserve’s balance sheet drawdown process have been scrambled in the wake of last week’s readout of January’s policy meeting, which showed central bankers concerned about how the effort to shed bonds might collide with dynamics around the federal debt ceiling.  Until …

Fed’s quantitative tightening expectations upended by debt-ceiling worries Read More »

(Reuters) – Warner Bros Discovery said on Wednesday that it plans to offer sports and news content at no additional cost on its streaming platform, Max, to standard and premium subscribers in the U.S. As customers shift from cable TV networks to streaming services, media companies such as Warner Bros Discovery are seizing the opportunity …

Warner Bros Discovery’s Max to offer sports, news content at no extra cost for premium, standard users Read More »

(Reuters) -National Bank of Canada on Wednesday set aside larger than expected reserves for bad loans, signaling challenges ahead even as strong income from dealmaking helped deliver a profit beat. Shares of Montreal-based National Bank, Canada’s sixth largest bank, were down 3.7% at C$122.8 in Toronto. Canadian banks are setting aside provisions for potential loan …

National Bank of Canada’s bad loan reserves builds, shares fall Read More »

(Reuters) – Amazon said on Wednesday it will exclusively stream 21 New York Yankees regular games on its Prime Video service for the upcoming 2025 season, as streaming companies face increasing competition to broadcast live sporting events. The baseball games will be live streamed at no extra cost to Prime Video members living in New …

Amazon’s Prime to exclusively stream New York Yankees season games amid live sports push Read More »

(Reuters) – Top mutual fund manager Vanguard said on Wednesday that its 13 fund trustee nominees were easily elected at a shareholder meeting. The group, including Vanguard CEO Salim Ramji and three other new trustees, oversees each of its U.S.-domiciled funds. The Pennsylvania-based company did not release details about vote turnout, but said the results …

Vanguard says fund board trustees easily elected Read More »

By Steven Scheer JERUSALEM (Reuters) – Israel’s banking regulator on Wednesday asked commercial banks to allocate up to 3 billion shekels ($841 million) through 2026 to fund relief for retail customers and to improve interest terms offered to clients hurt by the 16-month old war. The Bank of Israel’s latest proposal calls for banks to …

Israel regulator says banks should help ease financial burden of those harmed by war Read More »