By Mayela Armas CARACAS (Reuters) – When Venezuela’s economy was showing tentative signs of recovery in 2020, Enrique Perrella thought it was time to open a cafe in eastern Caracas serving coffee, desserts and breakfasts. But by January of this year, faced with rising rent, increased taxes and financing constraints, he closed it down. “The…
By Manya Saini and Hannah Lang (Reuters) -Robinhood said on Friday it had entered into a share repurchase agreement with the United States Marshal Service (USMS) for $605.7 million to buy back stock from Sam Bankman-Fried’s Emergent Fidelity Technologies. The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government…
WASHINGTON (Reuters) – U.S. construction spending increased solidly in July as a shortage of houses on the market boosted outlays on single-family housing projects. The Commerce Department said on Friday that construction spending rose 0.7%. Data for June was revised slightly higher to show construction spending increasing 0.6% instead of 0.5% as previously reported. Economists…
Qualcomm Inc (NASDAQ:QCOM) is harnessing the capabilities of advanced artificial intelligence (AI) to amplify its presence in the automotive chip sector, presenting fresh and imaginative possibilities to automakers. Known for its cutting-edge chips and modems found in Android phones, the company has been actively promoting its Snapdragon Digital Chassis, a fusion of hardware chips, sensors,…
(Reuters) – United States Commerce Secretary Gina Raimondo has said U.S. companies have raised concerns that China has become “uninvestible”, pointing to fines, raids and other actions that have made it too risky to do business in the world’s second-largest economy. Major global firms ranging from banks to chipmakers are taking a largely cautious stance…
By Aditya Soni (Reuters) -Salesforce rallied over 5% on Thursday after its strong earnings report showed that cost cuts were working and demand was holding up better than expectations in a turbulent economy. The business software firm behind workplace-messaging tool Slack and data analytics tool Tableau was set to add around $10 billion to its…
The Biden Administration’s Pause: Nvidia’s Microchip Sales Affected In a strategic move with global implications, the Biden administration has halted Nvidia Corp.’s (NASDAQ: NVDA) microchip sales to the Middle East. The concern at hand is the potential re-export of these chips to China, a bold geopolitical maneuver recently highlighted by the Telegraph’s James Titcomb. National…
By Sybille de La Hamaide and Dominique Vidalon PARIS (Reuters) -French miner Eramet, which on Wednesday suffered heavy stockmarket losses after it suspended operations in Gabon in response to an ongoing coup, said manganese mining in the country would resume on Thursday. “In view of the information available this evening on today’s events in Gabon,…
Artificial intelligence has swiftly entered the common vocabulary of most investors, a trend that hasn’t escaped the attention of Cathie Wood, the visionary behind Ark Invest. Wood’s involvement with Nvidia Corp (NASDAQ:NVDA) dates back to at least 2016, and according to her, the AI trade still holds great promise. In fact, she believes that AI…
With the rapid advancements in artificial intelligence technology, an increasing number of companies are actively exploring ways to incorporate this potentially transformative tool into their operations. Among these companies is Uber Eats. Uber Eats is gearing up to introduce an AI-driven chatbot, aimed at assisting users in making decisions about their upcoming meals, as reported…
