(Reuters) -Ford is recalling 229,609 Bronco vehicles in the U.S. due to a failure in the instrument panel display, such as warning lights or vehicle speed, the U.S. National Highway Traffic Safety Administration said on Wednesday. The regulator said the instrument panel’s software will be updated by a dealer or through an over-the-air (OTA) update, free …
By Stephen Nellis SAN FRANCISCO (Reuters) -Adobe and Qualcomm said on Wednesday they are partnering with Humain, the artificial intelligence firm backed by Saudi Arabia’s sovereign wealth fund, to help the AI company develop tools for generating content in Arabic and for the broader Middle East. The deal is one of several expected on Wednesday …
Adobe, Qualcomm partner with Humain on generative AI for Middle East Read More »
By Juveria Tabassum and Siddharth Cavale (Reuters) -Target reported a bigger-than-expected drop in comparable sales on Wednesday and offered a wide range of profit outcomes for its holiday quarter, as it cuts prices and makes investments to appeal to cash-strapped U.S. consumers. Shares of the Minneapolis-based retailer were down slightly in morning trading. The stock …
Target plans another $1 billion investment to jumpstart sagging sales Read More »
DUBAI/CAIRO (Reuters) -Oil giant Saudi Aramco said on Wednesday it had signed 17 preliminary deals with U.S. companies with a potential overall value of more than $30 billion, during a visit to Washington by the Saudi Crown Prince. The projects span liquefied natural gas, financial services, advanced materials manufacturing and procurement of materials and services, …
Aramco signs preliminary US deals worth more than $30 billion Read More »
LONDON (Reuters) -Muddy Waters’ founder Carson Block said on Wednesday he has taken a long position in Canadian gold miner Snowline Gold Corp, marking a departure for the famed short seller. Snowline Gold Corp is involved with potential projects Block believes are undervalued compared to the price of gold and how much of the valuable …
Muddy waters’ Carson Block says he is long Snowline Gold Corp Read More »
By Eduardo Baptista BEIJING (Reuters) -Nvidia’s move to use smartphone-style memory chips in its artificial intelligence servers could cause server-memory prices to double by late 2026, according to a report published on Wednesday by Counterpoint Research. In the past two months, electronics supply chains around the world have been hit by a shortage of legacy …
Nvidia shift to smartphone-style memory could double server-memory prices by end-2026 Read More »
By Steven Scheer JERUSALEM (Reuters) -Teva Pharmaceutical Industries said on Wednesday it was calling on startups to join its new platform to develop technologies to deal with a host of challenges facing Teva and the global pharmaceuticals industry. Called Teva Rise, the company’s open innovation platform aims to accelerate innovations such as AI, digital health, …
Teva seeks startups to help solve global pharmaceutical challenges Read More »
By Zaheer Kachwala (Reuters) -Adobe will acquire software platform Semrush for $1.9 billion, the companies said on Wednesday, as the Photoshop maker looks to strengthen its marketing tools and attract brands with generative artificial intelligence products. The company will pay $12 per share in cash for Semrush, representing a premium of around 77.5% to its …
Adobe bolsters AI marketing tools with $1.9 billion Semrush buy Read More »
By Aishwarya Jain (Reuters) -International tourism to the U.S. could get a much-needed boost from the 2026 FIFA World Cup after a sluggish 2025, when visitors stayed away amid unease over President Donald Trump’s trade policies and concerns about tougher border scrutiny. Foreign visitation to the U.S. was down 4% year to date through July, …
US tourism expected to score big with FIFA World Cup Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit narrowed more than expected in August as businesses imported fewer goods against the backdrop of higher tariffs, a trend that if sustained could be a potential tailwind for economic growth in the third quarter. But a drop in consumer goods imports to levels last seen early …
US trade deficit narrows sharply in August in boost to third-quarter GDP Read More »
