(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor enthusiasm after one of the stock’s worst slumps in decades. The company is working with investment bankers and considering various options such…
(Reuters) – A joint venture between Lockheed Martin and RTX’s Raytheon was awarded a $1.3 billion follow-on contract by the U.S. army for its Javelin missiles, which has played a major role in Ukraine’s defense against Russia’s invasion, Lockheed said on Thursday. This latest agreement is part of a larger contract awarded last year, which…
By Hannah Lang (Reuters) – Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $100,000 for the Democratic nominee at a Sept. 13 Washington fundraiser. The grassroots event is scheduled to take place between the Congressional Black Caucus…
(Reuters) -The U.S. Food and Drug Administration on Friday granted emergency use authorization for an updated version of Novavax’s COVID shot. The updated vaccine is authorized for use in individuals 12 years of age and older and will target the JN.1 strain of the virus. “Today’s authorization provides an additional COVID-19 vaccine option,” said Peter…
WASHINGTON (Reuters) – Republican presidential candidate Donald Trump said on Tuesday an agreement has been reached to have closed microphones at the Sept. 10 U.S. presidential debate with Democratic rival Kamala Harris. The Harris campaign did not immediately return a request for confirmation about the ABC-hosted debate. The candidates campaigns clashed on Monday over the…
(Reuters) – Meta Platforms will shut down the augmented reality studio that third-party creators used for making custom Instagram and Facebook effects, the social media giant said on Tuesday, as it prioritizes spending in other areas including AI. The feature, Meta Spark, will be shuttered on Jan. 14 and third-party AR effects including computer-generated filters,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares…
(Reuters) -The owners of the National Football League (NFL) have allowed some private equity firms to buy up to a 10% stake in a team, the NFL said on Wednesday. Firms initially approved by the NFL include Ares Management, Arctos Partners and Sixth Street in addition to a consortium comprising Blackstone, Carlyle, CVC and Dynasty…
(Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee said Friday that while he’s not ready to explicitly call for a central bank rate cut, monetary policy is quite tight and is no longer aligned with current economic conditions. “I usually don’t like saying, tying our hands before a meeting, but I’ve been saying…
By Ismail Shakil and Stephanie Kelly (Reuters) -Independent presidential candidate Robert F. Kennedy Jr. abandoned his campaign on Friday and endorsed Republican Donald Trump, ending a presidential bid that he began as a Democrat trading on one of the most famous names in American politics. Strategists said it was unclear whether Kennedy’s endorsement would help…
