Reuters US Business

By Max A. Cherney SAN FRANCISCO (Reuters) – Alphabet’s on Wednesday unveiled its seventh-generation artificial intelligence chip named Ironwood, which the company said is designed to speed the performance of AI applications. The Ironwood processor is geared toward the type of data crunching needed when users query software such as OpenAI’s ChatGPT. Known in the …

Google launches new Ironwood chip to speed AI applications Read More »

By Sinéad Carew and Shashwat Chauhan (Reuters) – The S&P 500 soared 9.5% on Wednesday for its biggest daily gain since 2008 after U.S. President Donald Trump declared an immediate 90-day tariff pause for many countries, bringing some relief to investors worried about the global economic impact of U.S. trade policies. The rally, which followed …

Wall Street rebounds sharply after Trump announces 90-day tariff pause Read More »

By Vallari Srivastava (Reuters) -U.S. shale firm Occidental Petroleum said on Wednesday the prices it received for oil and gas production during the first quarter were higher than in the preceding three months. Benchmark Brent crude prices averaged $74.98 a barrel during the first quarter, up 1.3% from the prior quarter, while U.S. natural gas …

Occidental Petroleum flags higher prices for oil and gas production in Q1 Read More »

By Siddharth Cavale and Ananya Mariam Rajesh DALLAS (Reuters) -Walmart on Wednesday reaffirmed its confidence in its every day low price strategy, maintaining full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to U.S. President Donald Trump’s tariffs. The company’s shares, which were down nearly …

Walmart backs annual forecasts, vows to keep prices low despite tariffs Read More »

NEW YORK (Reuters) – Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets. The policy changes also include a lowered overall tariff of 10% during that 90-day period, and an increase in tariffs on Chinese …

Instant View: Investors react as stocks jump on Trump’s tariff pause Read More »

(Reuters) – The Trump administration has reversed course on plans to restrict exports of Nvidia’s H20 artificial intelligence chips to China after CEO Jensen Huang attended a Mar-a-Lago dinner last week, NPR reported on Wednesday. The planned American export controls on the chips — the most advanced AI processor legally available in China under U.S. …

Trump administration backs off Nvidia’s H20 chip crackdown after Mar-a-Lago dinner, NPR reports Read More »