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By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – A new front has emerged in Israel’s fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron. Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with…
By Max A. Cherney (Reuters) – Tech conglomerate Broadcom added artificial intelligence features to a new version of one of its flagship networking chips, the company said on Thursday, aiming to help move information around data centers more efficiently. Devoting a portion of the silicon in Broadcom’s Trident networking processors to AI improves the chip’s…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve policymakers look increasingly comfortable closing out the year with U.S. interest rates on hold and the clock ticking on how soon to deliver a first rate cut as they try to engineer a “soft landing” for the economy. “Inflation rates are moving along pretty much…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices jumped on Tuesday, settling up about 2% on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a weaker U.S. dollar. Brent crude futures settled up $1.70, or 2.1%, at $81.68 a barrel. U.S. West Texas Intermediate (WTI) crude…
WASHINGTON (Reuters) -Meta Platforms, which owns WhatsApp, Instagram and Facebook, said on Tuesday it would appeal a judge’s ruling that a U.S. regulator can seek to reduce the amount of money the social media company makes from users under 18. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a…
(This Nov. 24 story has been officially corrected to fix tracking firm LevelTen’s data to show that solar contract prices reached their highest level this decade, not ever, in paragraph 14) By Nichola Groom and Jarrett Renshaw (Reuters) – Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage…
By Greg Bensinger (Reuters) -Amazon is trying to lure big corporate customers to it AWS cloud computing service with a new chatbot for businesses, and by offering to guard them against legal and reputational damage that can come from the output of artificial intelligence. The new chatbot, called Q, is designed to help with productivity…
By Valentine Hilaire and Divya Rajagopal (Reuters) – Panama’s abrupt moves this week to potentially annul the contract for one of the world’s biggest and newest copper mines through a referendum and proposed law alarmed global investors and wiped out about 40% of First Quantum Minerals’ market value. Lawmakers on Thursday ended efforts to scrap…
By Ananya Mariam Rajesh, Deborah Mary Sophia and Siddharth Cavale (Reuters) – Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according to preliminary estimates from Adobe Digital Insights. The estimate projects U.S. shoppers…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Monday, with the Brent benchmark dipping below $80 a barrel as investors awaited this week’s OPEC+ meeting and expected curbs on supplies into 2024. Brent crude futures were down 60 cents, or 0.7%, at $79.98 a barrel. U.S. West Texas Intermediate (WTI) crude futures lost 68…
