By Anton Bridge TOKYO (Reuters) – Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday. “Because of the size of our platform, we’re…
(Reuters) – Shares of GameStop surged over 30% on Thursday after the online stock influencer known as “Roaring Kitty” posted on YouTube that he would hold a livestream on Friday. Thursday’s surge was the latest in a bout of volatile trading in the struggling videogame seller’s shares that kicked off last month after the influencer,…
By Aatreyee Dasgupta (Reuters) – Top U.S. steelmakers are expected to post a decline in second-quarter earnings and could face additional pressure from a further retreat in steel prices heading into a slow summer season, according to analysts. Nucor, Steel Dynamics and U.S. Steel have highlighted a fall in profitability in their steel-making operations on…
WASHINGTON (Reuters) – The White House on Tuesday accused Tehran of trying to take advantage of Gaza-related protests in the U.S. and described such behavior as unacceptable, following a warning by the top U.S. intelligence official that Iran was trying to stoke discord in American society. The warning, issued earlier on Tuesday by Director of…
WASHINGTON (Reuters) – The U.S. Treasury on Thursday said no major trading partner appeared to manipulate its currency last year, but it added Japan to a foreign exchange “monitoring list,” alongside China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list. The Treasury’s semi-annual currency report also found that no major trading…
By Fanny Potkin SINGAPORE (Reuters) – Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei, according to sources familiar with the matter. The flattening prices underscore the challenges Nvidia’s…
WASHINGTON (Reuters) – The Federal Reserve’s big bang start on Wednesday to what’s expected to be more interest-rate cuts this year and next may have had the full support of only a slim majority of the central bank’s 19 policymakers, a look at their rate-path projections suggests. That’s a closer call than the lone formal…
ZURICH (Reuters) – The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired its former rival Credit Suisse last year after the bank’s collapse, had previously indicated the two units would be…
(Reuters) -FedEx forecast fiscal 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains even as revenue remains challenged by lackluster demand for parcel shipping. Shares of FedEx were up 15.3% at $295.49 in extended trading after the delivery company targeted fiscal 2025 earnings of…
By Allison Lampert (Reuters) – Boeing faces a possible strike as early as Friday if most of the U.S. planemaker’s factory workers in the Pacific Northwest vote on Thursday to back a work stoppage and reject a tentative deal that has enraged many of them. Roughly 30,000 workers who produce Boeing’s 737 MAX, 767 and…
