By Stephen Culp NEW YORK (Reuters) – Wall Street gyrated to end sharply lower on Wednesday after the U.S. Federal Reserve delivered a widely expected 25 basis point policy hike, while hinting that it was on the verge of pausing future increases in view of recent turmoil in the financial sector. The three major U.S. …
Wall St ends sharply lower as Powell warns inflation fight continues Read More »
By Fergal Smith (Reuters) -Canada’s benchmark stock index fell on Wednesday, giving back some of its gains in recent days, as investors assessed the Federal Reserve’s latest interest rate hike and signal that its tightening campaign is nearing an end. The Toronto Stock Exchange’s S&P/TSX composite index ended down 122.14 points, or 0.6%, at 19,532.78. …
Toronto market ends lower as Fed hikes interest rates Read More »
By Jack Queen and Helen Coster WILMINGTON, Delaware (Reuters) -Lawyers for Fox Corp faced a skeptical judge on Tuesday as they sought to block a $1.6 billion defamation lawsuit by Dominion Voting Systems from going to trial, while the voting-technology company accused Fox News of knowingly airing vote-rigging claims that the network knew were false. …
Fox faces skeptical judge in Dominion defamation suit Read More »
(Reuters) – British tonic maker Fevertree Drinks Plc said on Wednesday it plans to hike product prices and ramp up its U.S. production to help cushion the pressures faced from high costs of manufacturing glass. Energy and commodity prices have increased since Russia invaded Ukraine last year, sending companies across the globe scrambling for ways …
Tonic maker Fevertree to hike prices to cushion high glass costs Read More »
By Jane Lanhee Lee (Reuters) – Nvidia Corp, the computing company powering the bulk of artificial intelligence, is positioning itself as a key player in quantum computing with the launch of new software and hardware. On Tuesday at its developer conference GTC, Nvidia unveiled CUDA Quantum, a platform for building quantum algorithms using popular classical …
Nvidia positions for quantum computing with new products Read More »
By Mike Scarcella (Reuters) – Microsoft Corp on Monday won dismissal of a private consumer antitrust lawsuit over its $69 billion proposed purchase of “Call of Duty” maker Activision Blizzard Inc, but the plaintiffs were given 20 days to refine their legal challenge. A federal judge in San Francisco ruled that the lawsuit from a …
Microsoft wins dismissal of gamers’ suit over $69 billion Activision deal Read More »
By Jeffrey Dastin (Reuters) – Alphabet Inc’s Google on Tuesday began the public release of its chatbot Bard, seeking users and feedback to gain ground on Microsoft Corp in a fast-moving race on artificial intelligence technology. Starting in the U.S. and UK, consumers can join a waiting list for English-language access to Bard, a program …
Google begins opening access to its ChatGPT competitor Bard Read More »
(Reuters) -Royal Bank of Canada on Tuesday asked its employees to return to office three or four days a week, as Canada’s largest lender eases its COVID-19 protocols. In an internal memo to employees seen by Reuters, RBC said that “starting May 1, employees in hybrid work arrangements will come together in person for the …
Canadian lender RBC increases work-from-office time as COVID ebbs Read More »
By Stephen Nellis (Reuters) -Nvidia Corp Chief Executive Jensen Huang on Tuesday laid out the company’s plans to make the powerful and expensive supercomputers used to develop AI technologies like ChatGPT available for rent to nearly any business. While that access will not come cheap – at $37,000 a month for eight of Nvidia’s flagship …
Nvidia turns to AI cloud rental to spread new technology Read More »
By Moira Warburton WASHINGTON (Reuters) – The U.S. Senate Banking Committee will hold the first of several hearings on the collapse of Silicon Valley Bank and Signature Bank on March 28, Democratic Chairman Sherrod Brown said on Tuesday. The first hearing will hear from witnesses including Federal Deposit Insurance Corporation Chair Martin Gruenberg, Federal Reserve …
US Senate Banking Committee to hold hearings on Silicon Valley Bank collapse Read More »
