(Reuters) – HP Inc missed Wall Street targets for second-quarter revenue on Tuesday as inflation-hit customers spent less on the company’s personal computers, sending its shares down nearly 3% in extended trading. Companies such as HP, Lenovo and Dell Technologies Inc have seen demand ease from peaks hit during the pandemic, when work-from-home trends had …
HP misses revenue estimates as inflation saps PC demand Read More »
By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) – Jensen Huang, the chief of chipmaker Nvidia Corp, has joined an elite list of tech executives to head a company worth $1 trillion. Even more unusual is that Huang, 60, is only the second U.S. CEO after Amazon.com Inc’s Jeff Bezos, who helmed the retailer …
Nvidia CEO Jensen Huang: Boss of trillion-dollar chip firm powering the AI boom Read More »
By Herbert Lash and Shreyashi Sanyal (Reuters) -Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion. …
Shares close mixed, Nvidia’s 3% rise offsets debt ceiling jitters Read More »
By Chris Prentice (Reuters) – A former product manager for Coinbase Global Inc and his brother have agreed to settle U.S. Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities. The SEC said Ishan Wahi and his brother, Nikhil Wahi, agreed to settle civil charges that they engaged in a …
Former Coinbase manager, brother agree to settle SEC insider trading charges Read More »
By Doyinsola Oladipo NEW YORK (Reuters) – Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgings in that time? About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter …
House swaps and dog walks: Travelers find cheaper alternatives to lodging Read More »
By Steve Holland WASHINGTON (Reuters) – When Kevin McCarthy was struggling early this year to get enough votes from his own Republicans to become Speaker of the House of Representatives, Democratic President Joe Biden called the prolonged saga a national embarrassment, then had a little fun. “I’ve got good news for you,” Biden said, pointing …
Biden and McCarthy’s bumpy journey to a debt ceiling deal Read More »
SINGAPORE (Reuters) -Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin, was around A$34,000 ($23,062) on Binance Australia, compared with around A$43,000 …
Binance Australia customers seen selling bitcoin at a discount Read More »
By Laura Sanicola (Reuters) -The U.S. Department of Justice is investigating a California unit of oil refiner PBF Energy Inc over a November emissions release, the company said. PBF Energy’s Martinez refinery emitted a “powdery substance” later determined to be spent catalysts used in the refining process last Nov. 24 and 25 and had …
U.S. Justice Department probes California refinery over emissions Read More »
MELBOURNE (Reuters) – BHP Group has teamed up with Microsoft Corp to improve copper recovery from its Escondida mine in Chile, the world’s biggest copper mine, by using machine learning and artificial intelligence, it said on Tuesday. BHP estimates the world needs to double the amount of copper produced over the next 30 years to …
BHP taps Microsoft, AI, to improve recovery at top copper mine Read More »
By Allison Lampert MONTREAL (Reuters) -Air Canada’s pilots have ended a decade-long contract framework, opening the door to “full bargaining this summer,” their union leadership said on Monday in a note to members seen by Reuters. Air Canada pilots have previously said they are pressing for “historic” gains to narrow the earnings gap with higher-paid …
Air Canada pilots end 10-year contract framework, eye bargaining Read More »
