TAIPEI (Reuters) – The U.S. State Department has approved the possible sale to Taiwan of drones and missiles for an estimated $360 million, the Pentagon’s Defense Security Cooperation Agency said. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to…
By Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing. Russel Stokes, head of GE Aerospace’s commercial engines and services, said while the company is aligned with Boeing’s production rates for this year, it…
By Kristina Cooke and Ted Hesson WASHINGTON (Reuters) – When news broke of U.S. President Joe Biden’s plan to provide a path to citizenship for certain immigrants who entered the country illegally and are married to U.S. citizens, Pennsylvania-based immigration lawyer Bridget Cambria didn’t need long to think of clients it could help. Over the…
(Reuters) – Dell Technologies is assembling half of the racks for the supercomputer that xAI is building, billionaire Elon Musk said in a post on social media platform X on Wednesday. The U.S. businessman has recently told investors that his artificial intelligence startup xAI is planning to build a supercomputer to power the next version…
By Brendan Pierson (Reuters) – Johnson & Johnson is facing a new proposed class action seeking damages and medical monitoring on behalf of women who have been diagnosed with cancer, or might develop it in the future, allegedly as a result of using the company’s baby powder and other talc products. The lawsuit, filed on…
By Shristi Achar A and Noel Randewich (Reuters) – Nvidia became the world’s most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology. Shares of the chipmaker climbed 3.7% to $135.87, lifting its market capitalization to $3.341 trillion, just days…
By Hyonhee Shin, Josh Smith and Guy Faulconbridge SEOUL/MOSCOW (Reuters) – Russian President Vladimir Putin arrived in North Korea on Wednesday for his first visit in 24 years, vowing to deepen trade and security ties with the reclusive nuclear-armed state and to support it against the United States. Russian state media said Putin’s plane touched…
By Gram Slattery RACINE, Wisconsin (Reuters) – Donald Trump holds a rally in Racine, Wisconsin, on Tuesday, where he will slam Democratic President Joe Biden’s handling of the economy, even as a major local factory that Trump broke ground on six years ago has proven to be a flop. The Republican former president was in…
(Reuters) – ** Shares of Apple Inc climbs 2.1% with the iPhone maker on track to close with a market cap of $3.33 trln, more than any company in history, with Microsoft and Nvidia both close behind ** AAPL now up ~10% since June 7, just before the co unveiled a long-awaited AI strategy, integrating…
(Reuters) – U.S. machinery maker Caterpillar’s former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed. Caterpillar Inc suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that halted business in the country after Moscow’s February 2022 invasion…
