By Luc Cohen NEW YORK (Reuters) -A U.S. judge on Wednesday temporarily barred FTX founder Sam Bankman-Fried from contacting current…
Wolfspeed to build $3-billion EV chip plant in Germany, subsidy approval expected in months
By Andreas Rinke, Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -U.S. chipmaker Wolfspeed will build a $3-billion chip plant and…
U.S. construction spending unexpectedly fall in December
WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in December as investment in single-family homebuilding continued to slump amid higher mortgage…
Snap’s earnings may hold positive news for Meta, Google
By Sheila Dang and Nivedita Balu (Reuters) – A rise in a key advertising metric for Snap Inc that reported…
U.S. manufacturing sector sinks further in January – ISM
WASHINGTON(Reuters) – U.S. manufacturing contracted further in January as higher interest rates stifled demand for goods, but factories did not…
AMD shares jump as earnings defy collapse seen at Intel
By Aditya Soni (Reuters) – Shares of Advanced Micro Devices Inc rose nearly 7% on Wednesday after the U.S. chipmaker’s…
EU sets out green industry deal to take on U.S. and China
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission on Wednesday proposed allowing increased levels of state aid so that Europe…
China has not done enough on Sri Lanka debt restructuring – U.S. diplomat
By Uditha Jayasinghe COLOMBO (Reuters) – The United States wants China to provide credible and specific assurances to the International…
PayPal’s rocky road ahead warrants more cost cuts, Wall Street says
(Reuters) – PayPal Holdings Inc will need to cut more costs with its payment volumes expected to shrink as customers…
T-Mobile misses quarterly revenue estimates as competition bites
(Reuters) -T-Mobile US Inc missed fourth-quarter revenue estimates on Wednesday despite adding nearly 1 million wireless subscribers, as competitors ramped…