By Max A. Cherney and Stephen Nellis (Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.S. companies during a tour of Gulf states. Among the biggest deals, Nvidia said it will sell …
US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states Read More »
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon on Wednesday cut about 100 jobs in its devices and services unit, the group overseeing development of such diverse products as the Kindle, Echo speakers, Alexa voice assistant and Zoox self-driving cars. Amazon confirmed the cuts following an inquiry from Reuters on Wednesday. The company said the jobs …
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(Reuters) – New Fortress Energy posted a loss in the first quarter on Wednesday, as the U.S. LNG firm struggled with weak performance across its segments, sending the shares down nearly 19% in extended trading. The company also closed the sale of its Jamaican assets and operations to Excelerate Energy for $1.06 billion. The New …
New Fortress Energy posts quarterly loss as all segments show weak performance Read More »
(Reuters) – Dick’s Sporting Goods was nearing a deal to buy rival footwear retailer Foot Locker for about $2.3 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The companies have discussed a deal at $24 per share for Foot Locker, the report said. That would represent an 86.5% premium …
Dick’s Sporting Goods closes in on deal to buy rival Foot Locker, WSJ reports Read More »
(Reuters) -The Trump administration took steps to rescind a Biden-era regulation that lowered fees for renewable energy projects on federal lands, saying the rule unfairly favored development of wind and solar facilities. The Interior Department said in a press release on Tuesday that the White House would review the planned rescission before it was formally …
US to rescind rule that lowered solar, wind project fees on federal land Read More »
(Reuters) -Canadian retailer Loblaw warned on Wednesday that prices increases will affect more products as U.S. President Donald Trump’s tariffs put pressure on supply-chain costs for companies. As companies in categories such as packaged food and consumer goods raise prices, Loblaw said in March products affected by tariffs would be marked with a “T” symbol. …
Canada’s Loblaw says more products to see price hikes due to Trump tariffs Read More »
By Karen Freifeld, Hadeel Al Sayegh NEW YORK/DUBAI (Reuters) -The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year, starting in 2025, two sources familiar with the situation said, boosting the Emirates’ construction of data centers vital to developing artificial …
US close to letting UAE import millions of Nvidia’s AI chips, sources say Read More »
(Reuters) -The gas turbine market might have trouble satisfying strong demand in the next 15 years due to manufacturing constraints, rising costs and competition from renewables, energy research firm Wood Mackenzie said in a report on Wednesday. Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between …
Wood Mackenzie sees challenges meeting gas power demand over next 15 years Read More »
By Byron Kaye and Adwitiya Srivastava (Reuters) -Australia’s corporate regulator sued top investment bank Macquarie Group alleging it misreported up to 1.5 billion short sales over a decade and a half, misleading the market and violating rules in place since the financial crisis. The lawsuit is a major escalation of conflict between Macquarie, Australia’s 10th-biggest …
Australia accuses Macquarie of millions of inaccurate short sale reports Read More »
By Jonathan Stempel NEW YORK (Reuters) -Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors with its flagship “high interest” savings accounts out of millions of dollars in interest. The lawsuit followed the U.S. Consumer Financial Protection Bureau’s decision in late February to drop …
New York sues Capital One for cheating savings depositors Read More »
