By Krystal Hu, Anna Tong and Milana Vinn (Reuters) -SoftBank Group is in talks to lead a funding round of up to $40 billion in artificial intelligence developer OpenAI at a valuation of $300 billion, including the new funds, sources said, in what could be a record single funding round for a private company. The …
SoftBank in talks to lead OpenAI funding round at $300 billion valuation, sources say Read More »
WASHINGTON (Reuters) -Two members of U.S. Congress are calling on President Donald Trump’s administration to consider restricting the export of artificial intelligence chips made by Nvidia, alleging Chinese AI firm DeepSeek has relied on them. Republican John Moolenaar and Democrat Raja Krishnamoorthi, who lead the House of Representatives Select Committee on China, asked for the …
Lawmakers urge Trump to consider new curbs on Nvidia chips used by China’s DeepSeek Read More »
(Reuters) -Colombia’s Grupo Argos reported a 221% increase in net profit in 2024 to 2.53 trillion pesos ($609 million), the conglomerate announced in a statement on Thursday. Argos, with units in the energy, cement and airport operations, saw revenue last year grow 148% to total 2.53 trillion pesos. The company’s earnings before interest, taxes, depreciation, …
Colombia’s Grupo Argos more than triples profit in 2024 Read More »
By Max A. Cherney and Arsheeya Bajwa (Reuters) -Intel on Thursday posted December-quarter results that beat analysts’ low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO. Shares of the Santa Clara, California-based company climbed …
Intel’s quarterly revenue tops expectations as investors await new CEO Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended a volatile session higher on Thursday as investors digested a stack of key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft. Indexes briefly lost ground late in the session after U.S. President Donald Trump said the United States will …
Indexes end up as investors weigh earnings; tariff talk a damper Read More »
(Reuters) – PPG Industries missed Wall Street’s fourth-quarter profit expectations on Thursday, due to lower demand for its industrial and architectural coatings products and weak prices. U.S. mortgage rates rose over the year, weighing on the homebuilding industry, which had previously benefited from a scarcity of pre-owned houses for sale. With fewer homes being built …
PPG Industries misses estimates for fourth-quarter profit Read More »
By Rodrigo Campos NEW YORK (Reuters) – The Mexican peso fell 1% against the dollar in a volatile session on Thursday after U.S. President Donald Trump reiterated his threat to impose 25% tariffs on Mexico and Canada, two of its top trade partners. The peso closed 1% weaker at 20.71 per dollar, after having strengthened …
Mexican peso drops 1% as Trump reiterates tariff threat Read More »
By Leika Kihara TOKYO (Reuters) -The fading shadow of reflationists in the Bank of Japan, and the latest addition to the board of an academic favouring an end to ultra-low interest rates, will likely bring the central bank’s thinking closer to global peers taking a more conventional approach on monetary policy. Newcomer Junko Koeda, a …
Bank of Japan board reshuffle to bring it closer to ‘normal’ central banking Read More »
(Reuters) – IT issues at Frontier Airlines triggered a brief ground stop at all of the U.S. budget carrier’s destinations on Thursday evening, according to an advisory from the U.S. Federal Aviation Administration. The ground stop was requested by the Denver-based airline at 2233 GMT, and the stop was canceled at 2254 GMT, according to …
IT issues trigger brief ground stop for Frontier Airlines flights, US FAA says Read More »
By Akash Sriram (Reuters) -The U.S. Department of Justice has sued to block Hewlett Packard Enterprise’s $14 billion deal to acquire networking gear maker Juniper Networks, arguing that it would stifle competition, according to a complaint filed on Thursday. Shares of both the server maker and Juniper Networks closed about 2% lower. The antitrust lawsuit …
US DOJ sues to block Hewlett Packard Enterprise’s $14 billion Juniper deal Read More »
