Alphabet’s strong cash flow supports capital spending Investors cautious of AI investments with unclear returns Zuckerberg acknowledges risks of over-investing in AI Oct 30 (Reuters) – Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet’s (GOOGL.O), opens…
ABOARD AIR FORCE ONE, Oct 30 (Reuters) – U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods related to fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea. Xi will work “very hard to stop the flow” of fentanyl,…
SAN FRANCISCO, Oct 29 (Reuters) – OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering filing with securities regulators as soon as…
Fed’s Powell hints 25 bps cut may be last of 2025 BOJ expected to leave rates on hold for now ECB also seen standing pat Trump and Xi to meet in South Korea, de-escalation expected U.S. tech sector earnings weigh on stocks SINGAPORE, Oct 30 (Reuters) – Asian stocks fluctuated between gains and losses early…
WASHINGTON, Oct 29 (Reuters) – Nvidia CEO Jensen Huang donated to fund the construction of U.S. President Donald Trump’s White House ballroom, he told reporters, joining other tech leaders supporting the project. “I’m delighted to be part of it,” he told reporters in Washington on Tuesday. Nvidia was not named on the White House’s public…
Reform UK faces scrutiny transitioning from protest to power Local government efficiency push modelled on Musk’s DOGE Farage seeks experienced defectors to bolster party’s clout National cost-cutting plans dismissed by economists as unrealistic NORTHAMPTON, England, Oct 29 (Reuters) – Britain’s Reform UK has surged in popularity on the back of fiery rhetoric against illegal immigrants,…
ORLANDO, Florida, Oct 28 (Reuters) – Another wave of U.S. tech euphoria lifted Wall Street to new highs on Tuesday, this time in the shape of a deal between Microsoft and OpenAI, a day ahead of a clutch of U.S. Big Tech earnings and the Federal Reserve‘s policy decision. In my column today, I look…
Oct 28 (Reuters) – Nvidia (NVDA.O), opens new tab was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the U.S. Department of Energy. Nvidia’s stock…
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Source link
Asian stock markets : Nikkei, Wall St futures pause near record peaks Hopes for bumper tech earnings underpin equity gains Bond bulls see rate cuts in US, Canada and a hold in Japan Gold hits $4,000/oz as hot money leaves the bubble SYDNEY, Oct 28 (Reuters) – Asian shares consolidated recent hefty gains on Tuesday…