By Arsheeya Bajwa TAIPEI (Reuters) – Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia. At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which…
NEW YORK (Reuters) – U.S. home energy bills are expected to rise by 7.9% this summer as extreme heat increases cooling costs, according to a study released on Monday by the National Energy Assistance Directors Association and the Center for Energy, Poverty, and Climate. Mid-Atlantic and west coast states are forecast to have the biggest…
By Rajesh Kumar Singh and David Shepardson CHICAGO/WASHINGTON (Reuters) -Delta Air Lines said on Thursday it is pursuing legal claims against CrowdStrike and Microsoft after a global outage last month caused mass flight cancellations, disrupting travel plans of 1.3 million customers and costing it at least $500 million. A software update last month by global…
(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a hearing focusing on U.S. prices for weight loss drugs Ozempic and Wegovy. A U.S. Senate health panel vote that was scheduled for its June 18 meeting, to decide whether…
LONDON (Reuters) – Government policies to encourage companies to pay more dividends should increase the attractiveness of China’s stock market for overseas investors, a senior Chinese regulator said on Thursday. Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said the Chinese government set out policies last month to strengthen its capital markets, including…
By Pete Schroeder and Nupur Anand WASHINGTON (Reuters) – Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. The central bank on Wednesday will release the results…
(Reuters) – Dell Technologies shares tumbled about 14% in premarket trading on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit. Dell is on track to lose more than $17 billion in market value, if premarket losses hold. The stock has more than doubled this year. Companies, including…
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar strengthened on Tuesday, after a reading of retail sales proved to be firmer than expected, but was not strong enough to alter expectations for the path of interest rates from the Federal Reserve. U.S. retail sales were unchanged in June, topping expectations of economists polled by Reuters…
By Guy Faulconbridge and Josh Smith MOSCOW/SEOUL (Reuters) – Vladimir Putin, on his first visit to North Korea in 24 years, signed a mutual defence pledge with Kim Jong Un on Wednesday, underscoring just how far Russia has recast its relations with the only country to test a nuclear weapon this century. Putin, who is…
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it. “We need to see more evidence to convince us that inflation is well on our way back down to 2%,”…
