(Reuters) – Nvidia Corp on Tuesday became the first chipmaker to join Wall Street’s trillion-dollar club dominated by technology heavyweights such as Apple Inc and Microsoft Corp. The boom in artificial intelligence (AI) technology has driven a threefold surge in Nvidia’s stock valuation in less then eight months, helping the chipmaker hit the trillion-dollar mark…
By Paul Lienert DETROIT (Reuters) -Michigan-based Shyft Group, a multi-brand manufacturer of medium-duty specialty vehicles, is preparing to launch production this fall of a new line of electric trucks and vans under the Blue Arc brand. “That’s our wheelhouse – it’s a segment we know and understand,” Chief Executive Daryl Adams said in an interview….
By Doyinsola Oladipo NEW YORK (Reuters) – Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgings in that time? About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter…
By Katharine Jackson WASHINGTON (Reuters) – Rosalynn Carter, former U.S. first lady and wife of former president Jimmy Carter, has dementia, the Carter family announced on Tuesday. “She continues to live happily at home with her husband, enjoying spring in Plains and visits with loved ones,” the family said in a statement released by the…
PARIS (Reuters) – France backs the ongoing talks between Tunisia and the International Monetary Fund, the foreign ministry said on Tuesday, as the cash-strapped North African country eyes a key IMF bailout package. The French government issued a statement after Foreign Minister Catherine Colonna held talks in Paris on Tuesday with Tunisian counterpart Nabil Ammar….
By John Irish PARIS/CHISINAU (Reuters) – More than 40 European leaders meet in Moldova on Thursday in a show of support for the former Soviet republic and neighbouring Ukraine as Kyiv prepares to launch a counter-offensive against occupying Russian forces. The gathering of the EU’s 27 member states and 20 other European countries at a…
By Valerie Insinna CHARLESTON, South Carolina (Reuters) – Boeing Co has increased production of its widebody 787 Dreamliner from three to four planes per month as it gets ready to ramp to five a month by the end of the year, a company official said on Tuesday. The U.S. planemaker also plans to add a…
By Valerie Insinna CHARLESTON, South Carolina (Reuters) – Boeing Co has increased production of its widebody 787 Dreamliner from three to four planes per month as it gets ready to ramp to five a month by the end of the year, a company official said on Tuesday. The U.S. planemaker also plans to add a…
By David Shepardson WASHINGTON (Reuters) -More than 8.3 million U.S. homes and businesses lack access to high-speed broadband internet, the Federal Communications Commission said Tuesday in unveiling its revised national broadband access map. The FCC said it has increased its estimates of homes and businesses without access by nearly 330,000 locations. The data is crucial…
Rising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco said on Tuesday, a finding that may undercut the argument that wage gains are key to elevated price pressures. The analysis by Adam Shapiro in the latest edition of the FRBSF Economic Letter showed that…
