By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -It is essential the U.S. Congress approves new agreements with three Pacific island states, the U.S. Indo-Pacific coordinator Kurt Campbell said on Thursday, stressing that China is waiting to take advantage if the U.S. fails to fulfill its commitments. Campbell made the comments about new 20-year funding…
By Nate Raymond BOSTON (Reuters) – American Airlines has asked a U.S. appeals court to reverse a judge’s decision that sided with the U.S. Department of Justice and declared that its now-scrapped U.S. Northeast partnership with JetBlue Airways was anticompetitive. American Airlines in a brief filed late on Wednesday told the Boston-based 1st U.S. Circuit…
By Arsheeya Bajwa (Reuters) -GameStop missed quarterly revenue estimates on Wednesday as competition grew and consumers dialed back spending in an uncertain economy, hampering the videogame retailer’s pivot to a more online-focused model. Sticky inflation and high borrowing costs have led to uneven spending in the gaming industry. Recently, two major players, including Take-Two Interactive…
By Max A. Cherney (Reuters) -AMD estimated there was a $45 billion market for its data center artificial intelligence processors this year as it launched a new generation of AI chips on Wednesday. The total addressable market forecast is up from AMD’s $30 billion estimate in June. Advanced Micro Devices announced two new AI data…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the oil major said in an update on Wednesday that largely continues existing spending and production goals. The largest U.S. oil producer laid out plans to boost spending on nascent lithium and low carbon…
By Dawn Chmielewski (Reuters) – Walt Disney began offering Hulu as part of its namesake streaming service on Wednesday, bolstering Disney+’s family-friendly content with more general entertainment fare, such as FX’s intense kitchen drama “The Bear” and the popular reality show “The Kardashians.” The combined offering, known as “Hulu on Disney+”, will be available in…
(Reuters) -Elon Musk’s artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Exchange Commission…
By Victoria Klesty OSLO (Reuters) -Norway’s minority government and two opposition parties have agreed to allow seabed mineral exploration in the Arctic region, they said on Tuesday, in a key step towards full-scale ocean mining. The deal comes as Norway hopes to become the first country to make deep-sea mining happen on a commercial scale…
By Rajesh Kumar Singh, Akanksha Khushi and Anirban Sen (Reuters) -Alaska Air Group Inc said on Sunday it would acquire Hawaiian Holdings Inc for $1.9 billion, including debt, placing a bet on a troubled airline with lucrative routes as U.S. antitrust regulators fight consolidation in the sector. Alaska Air said it would pay $18 per…
By Jeff Mason, Patricia Zengerle and Richard Cowan WASHINGTON (Reuters) -The United States is running out of time and money to help Ukraine fight its war against Russia, White House officials warned on Monday. Democratic President Joe Biden’s administration in October asked Congress for nearly $106 billion to fund ambitious plans for Ukraine, Israel and…