(Reuters) -Intel is in early talks to add AMD as a foundry customer, Semafor reported on Wednesday, citing people familiar with the matter. AMD did not immediately respond to a request for comment, and Intel declined to comment. Semafor did not report details of any possible deal. Reuters reported in April that AMD was evaluating …
Intel in early talks to add AMD as foundry customer, Semafor reports Read More »
By Gram Slattery and Nandita Bose WASHINGTON (Reuters) -The White House warned on Wednesday that worker layoffs are imminent as the first day of the government shutdown unfolded, even as Vice President JD Vance insisted no final decisions have been made. White House press secretary Karoline Leavitt told reporters government agencies are already preparing for …
White House warns layoffs are imminent if shutdown drags on Read More »
By Arasu Kannagi Basil (Reuters) -Fermi’s shares opened 19% above the offer price in their Nasdaq debut on Wednesday, valuing the data center real estate investment trust at $14.8 billion amid surging investor enthusiasm for AI infrastructure stocks. The Amarillo, Texas-based company’s stock opened at $25, compared with the offer price of $21. While development-stage …
Rick Perry’s Fermi cashes in on AI frenzy, valued at $15 billion in Nasdaq debut Read More »
WASHINGTON (Reuters) -U.S. market regulators began the process of furloughing workers on Wednesday as the federal government shut down after Congress failed to extend funding, curtailing key oversight functions, stymieing initial public offerings, and limiting some market and economic data. The shutdown, which began at midnight as Congress continued to fight over funding legislation, will force …
US financial regulators start shuttering as federal funding runs out Read More »
By Jonathan Stempel (Reuters) -A federal judge said Coinbase shareholders may pursue a narrowed lawsuit accusing the largest U.S. cryptocurrency exchange operator of concealing business risks, including whether it would be sued by the Securities and Exchange Commission. In a Tuesday night decision, U.S. District Judge Brian Martinotti in Newark, New Jersey rejected requests by …
By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing activity edged up in September, though new orders and employment were subdued as factories grappled with the fallout from President Donald Trump’s sweeping tariffs. The Institute for Supply Management (ISM) survey and other private-label data will assume greater importance among investors seeking to assess the health of the …
Tariffs weigh on US manufacturing in September; hiring remains subdued Read More »
(Reuters) -Walmart said on Wednesday it would remove synthetic dyes from its U.S. private-label foods, including the Great Value and bettergoods brands, by January 2027, joining several other companies amid pressure from the Trump administration. Major packaged food makers, including PepsiCo, Campbell’s and Conagra Brands, have made similar announcements in recent months, in response to …
Walmart to phase out synthetic dyes across all private-label food brands Read More »
NEW YORK (Reuters) -Spreads on U.S. government credit default swaps, market-based gauges of the risk of a sovereign default, have ticked higher amid market concerns over the U.S. government shutdown. Six-month spreads rose by one point to 17 basis points, the highest since mid-July, while one-year and five-year spreads held at 21 bps and 42 bps, respectively, …
US government credit default swap spreads edge higher Read More »
(Reuters) -Conagra Brands beat Wall Street estimates for first-quarter sales and profit on Wednesday, as the U.S. packaged food maker benefited from stronger-than-anticipated demand for its pantry staples such as Slim Jim meat snacks and Act II popcorn. Shares were up about 3% after the company also maintained its annual forecasts, betting on the trend …
Conagra Brands beats quarterly estimates on robust packaged food demand Read More »
By Ateev Bhandari and Anuj T (Reuters) -Neptune Insurance shares jumped 12.5% in their New York Stock Exchange debut on Wednesday, valuing the company at nearly $3.11 billion and making it the latest insurer to capitalize on a buoyant listings market. Shares of the St. Petersburg, Florida-based flood insurer opened at $22.50 apiece, compared with …
Neptune Insurance valued at over $3.1 billion as shares jump in NYSE debut Read More »
