Reuters
By Max A. Cherney, Arsheeya Bajwa (Reuters) -Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm. Shares of the Santa Clara, California-based company fell roughly 1% in extended trading.They had closed…
By Abigail Summerville (Reuters) -The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session’s rally as investors worried about escalating Russia-Ukraine tensions and weak results from Target (NYSE:), while awaiting earnings from megacap Nvidia (NASDAQ:) that landed after the bell. The Dow and ticked up late…
By Jonathan Stempel (Reuters) – U.S. prosecutors unveiled criminal charges on Wednesday against five alleged members of Scattered Spider, a cybercrime group suspected of hacking into dozens of U.S. companies to steal confidential information and cryptocurrency. Martin Estrada, the U.S. Attorney in Los Angeles, said the defendants conducted phishing attacks…
(Corrects paragraph 9 to remove reference to self-insured plans; paragraph 13 to show it is a specific type of health plan; last paragraph to show survey included employers of 50 people or more) By Amina Niasse NEW YORK (Reuters) -About 44% of U.S. employers with 500 or more employees cover…
By Jody Godoy NEW YORK (Reuters) -Apple asked a federal judge on Wednesday to dismiss the U.S. Department of Justice’s case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown. U.S. District Judge Julien Neals in Newark, New Jersey, heard arguments from…
By Alex Lawler, Ahmad Ghaddar and Robert Harvey LONDON (Reuters) – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more,…
(Reuters) – Top executives at many U.S. companies are preparing for the impact from President-elect Donald Trump fulfilling his campaign promise of raising tariffs, a move that could disrupt supply chains and worsen inflationary pressures. Here is what major companies and C-suite executives have said on tariffs: Company Commentary Tesla…
By Kate Abnett, Nailia Bagirova and Karin Strohecker BAKU (Reuters) -Countries at the COP29 climate summit were warned on Wednesday that the “hardest part” was about to start in talks over how much money should be provided to developing countries to help them cope with climate change. Figuring out what…
By Luc Cohen NEW YORK (Reuters) -Former cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about $8 billion from customers of the now-bankrupt exchange, was spared prison time by a judge on Wednesday. U.S. District Judge Lewis (JO:) Kaplan announced he…
By Francois Murphy VIENNA (Reuters) – U.N. nuclear watchdog chief Rafael Grossi said on Wednesday he hopes Iran’s move towards capping its stock of uranium just short of weapons grade will hold, as his agency’s board was set to pass a Western-drafted resolution that could derail that. Iran has taken…
