(Reuters) – President Donald Trump’s administration has ordered U.S. firms that offer software used to design semiconductors to stop selling…
Cantor Fitzgerald to acquire UBS hedge fund unit, expanding alternative assets
(Reuters) -U.S. brokerage firm Cantor Fitzgerald has agreed to buy UBS’ hedge fund unit, it was announced on Wednesday, expanding…
Nvidia forecasts revenue below estimates as US restrictions cost $8 billion in sales
(Reuters) – Nvidia beat sales expectations during its fiscal first quarter but forecast second-quarter revenue below market estimates on Wednesday, expecting…
Tesla targets June 12 launch for robotaxi service in Austin, Bloomberg News reports
(Reuters) -Tesla is poised to begin its long-awaited robotaxi service in Austin on June 12, Bloomberg News reported on Wednesday,…
Stablecoin giant Circle targets $6.7 billion valuation in US IPO
By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Circle Internet said on Tuesday it was targeting a valuation of up…
Striking workers approve latest contract offer from at RTX’s Pratt & Whitney
By Dan Catchpole (Reuters) – Striking workers at RTX’s Pratt & Whitney approved the company’s second contract offer on Tuesday…
Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored
(Reuters) – Elon Musk’s social media platform X was largely restored for most users after an outage that impacted tens…
Exclusive-Nvidia to launch cheaper Blackwell AI chip for China after US export curbs, sources say
By Liam Mo and Fanny Potkin BEIJING/TAIPEI (Reuters) -Nvidia will launch a new artificial intelligence chipset for China at a…
JPMorgan expands tech team with four veteran bankers from BofA, Goldman, Lazard
By Milana Vinn -JPMorgan is expanding its technology team in the investment bank with four West Coast hires from Goldman Sachs,…
Alphabet hits near three-month high on new AI updates
(Reuters) -Alphabet shares jumped 4% on Thursday, rising for a second straight day, as investors cheered the Google parent’s artificial…