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(Reuters) – Shares of Nvidia surged to a record high close on Monday after the world’s most valuable chipmaker unveiled new desktop graphics processors taking advantage of artificial intelligence. Nvidia’s stock climbed 6.4% to end at $522.53, its highest close ever, after the company announced the GeForce RTX 40 SUPER Series of graphics processors, aimed …

Nvidia rallies to record high as chipmaker announces AI-related components Read More »

(Reuters) – Bitcoin rose 6.8% to $46,943 at 21:11 GMT on Monday, adding $2,999 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 13.2% from the year’s low of $41,454 on Jan. 3. Ether, the coin linked to the ethereum blockchain network, rose 5% to $2,338.6 on Monday, adding $115.8 to …

Bitcoin rises 6.8% to $46,943 Read More »

By Jonathan Stempel NEW YORK (Reuters) – The founder of Archegos Capital Management, the once-$36 billion private investment firm that collapsed spectacularly in 2021, on Monday sought to block prosecutors from introducing huge quantities of trading data at his upcoming fraud trial, citing their “grave failure” in withholding the data for 17 months. In a …

Archegos founder Hwang seeks sanctions over prosecutors’ ‘grave failure’ on data Read More »

(Reuters) – Jefferies Financial Group on Monday reported a 53% fall in fourth-quarter profit, as lingering economic uncertainty kept dealmaking in check. Investment banking giants struggled last year as high interest rates and an economic slowdown weighed on companies’ dealmaking confidence, resulting in mergers and acquisitions volume hitting a decade low globally. Still, Jefferies posted …

Jefferies profit plunges on dealmaking lull Read More »

By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Boston on Wednesday in another trip to promote the benefits of the Biden Administration’s clean energy tax credits for the economy ahead of the start of the 2024 presidential nominating contests. Yellen will make remarks at Roxbury Community College’s Center for …

Yellen to visit Boston to tout clean energy tax credit benefits Read More »

By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) -A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction of shares in the parent of Houston-based refiner Citgo Petroleum. A precedent-setting lawsuit by Canadian miner Crystallex Corp formally tied Venezuela-owned Citgo to the South …

US judge clears way for more Venezuela creditors to join Citgo auction Read More »

By Steve Scherer OTTAWA (Reuters) -Canadian officials are meeting with representatives of Honda Motor Co this week, a government source said, following a news report from Sunday that said the carmaker was considering building an almost 2 trillion yen ($13.9 billion) electric vehicle (EV) plant in the country. The Ottawa talks will involve several different …

Canada, Honda representatives to meet about potential EV plant -source Read More »

By Nate Raymond (Reuters) – The U.S. Supreme Court on Monday declined to hear R.J. Reynolds Tobacco Company’s challenge to a voter-approved measure in California that banned flavored tobacco products in the most-populous U.S. state. The justices rejected an appeal by R.J. Reynolds, a unit of British American Tobacco, and other plaintiffs of a lower …

US Supreme Court rejects challenge to California flavored tobacco ban Read More »

(Reuters) -Aviation services provider AAR Corp said on Monday it did not perform any work on or near the mid-cabin exit door plug of the Alaska Air aircraft whose cabin panel ripped off while in mid-air. Investors sold off AAR shares on Monday following an analyst note from Deutsche Bank that noted that the aircraft …

Jet service firm AAR says it did no work near Alaska Air’s exit panel Read More »