By Suzanne McGee (Reuters) – Individual investors snapped up shares of an exchange-traded fund tied to the “Magnificent Seven” group of technology megacap stocks during the recent nosedive in the U.S. stock market, according to data on Wednesday. The Roundhill Magnificent Seven ETF attracted a net $50 million of inflows in the four trading days …
Investors bought Magnificent 7 ETF amid downturn, data shows Read More »
(Reuters) – Alphabet’s Google launched two new AI models tailored for robotics applications on Wednesday based on its Gemini 2.0 model, as it looks to cater to the rapidly growing robotics industry. The robotics field has made large strides over the past few years with increasing advancements in AI and improving models, speeding up commercialization …
Google introduces new AI models for rapidly growing robotics industry Read More »
By Jessica DiNapoli NEW YORK (Reuters) – Major packaged food makers including Quaker Oats and Folgers coffee asked U.S. President Donald J. Trump for targeted exemptions from tariffs on imports like cocoa and fruit, according to a letter seen by Reuters. PepsiCo, Conagra and J M Smucker, are requesting that Trump exempt ingredients not available …
(Reuters) -SentinelOne forecast its first-quarter and annual revenue below Wall Street estimates on Wednesday, hurt by tough competition and softer enterprise spending due to economic uncertainty, sending its shares down 16% after the bell. The rise of generative artificial intelligence has made it an attractive tool for bad actors, with its low entry barrier ensuring …
SentinelOne issues dour revenue forecasts, shares slump Read More »
By Laila Kearney HOUSTON (Reuters) – U.S. wind and solar development still has significant room for expansion to power data centers, particularly in the Midwest wind corridor and sunny southwest, Microsoft Vice President of Energy Bobby Hollis told Reuters at the CERAWeek energy conference in Houston on Wednesday. The quick proliferation of Big Tech’s energy-intensive …
US wind and solar still have room to grow for data centers, Microsoft VP says Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets Investors breathed a sigh of relief on Wednesday after U.S. inflation figures for February came in below forecasts, triggering a rebound in the S&P 500 and Nasdaq from six-month lows that should help put global markets on a …
Morning Bid: Finally, a bounce on Wall Street. But for how long? Read More »
By Jarrett Renshaw and Ron Bousso HOUSTON (Reuters) -U.S. oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday. Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an industry source told Reuters. The API, which counts oil majors ExxonMobil …
By David Shepardson WASHINGTON (Reuters) -The U.S. Environmental Protection Agency said on Wednesday it is starting efforts to reverse the Biden administration’s vehicle emissions rules that would force automakers to build a rising number of electric vehicles. The action is the latest in the Trump administration’s sweeping moves to undo the prior administration’s efforts to …
Trump administration takes aim at Biden electric vehicle rules Read More »
(Reuters) -The U.S. Federal Trade Commission is moving ahead with an antitrust probe of Microsoft that was opened in the waning days of the Biden administration, Bloomberg News reported on Wednesday, citing people familiar with the matter. The FTC staff have in the recent weeks been meeting companies and other groups to gather information, the …
Trump’s FTC advances broad antitrust probe of Microsoft, Bloomberg News reports Read More »
WASHINGTON (Reuters) – White House economic adviser Kevin Hassett told Fox News on Wednesday that he expected U.S. gross domestic product growth to be “at least” 2% to 2.5% in the first quarter. “I’ll give you an expectation that GDP growth is going to be 2, 2.5% in the first quarter, at least,” Hassett said …
White House adviser expects US GDP growth of at least 2% to 2.5% in Q1 Read More »
