(Reuters) – Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure. Shares of the Palo Alto, California-based company, which also unveiled a stock split, rose more than 9% in extended trading. The company will carry out…
(Reuters) -General Motors on Tuesday announced a new $6 billion share buyback plan, just over a month after the automaker raised its dividend on upbeat annual forecast, citing stable prices and demand for gasoline-engine vehicles. The company had in November outlined a $10 billion stock buyback on the heels of reaching a costly new labor…
(Reuters) -A special committee of the board of Paramount Global is meeting on Tuesday to vote on whether to accept a proposal to merge with David Ellison’s Skydance Media, Bloomberg News reported, citing two people familiar with the matter. The offer would see Shari Redstone sell her family’s controlling stake in Paramount to Ellison for…
By Rachael Levy and Hyunjoo Jin (Reuters) – A Tesla shareholder vote on Thursday on whether to reinstate CEO Elon Musk’s $56 billion pay package that was shot down by a Delaware judge will not provide a quick resolution, irrespective of the tally’s results. Tesla’s board is hoping shareholder approval will give the electric vehicle…
By Tom Hals and Jack Queen WILMINGTON, Delaware (Reuters) -President Joe Biden’s son Hunter Biden was convicted by a jury on Tuesday of lying about his drug use to illegally buy a gun, making him the first child of a sitting U.S. president to be convicted of a crime. A 12-member jury in Wilmington, Delaware…
(Reuters) – Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing the stock’s valuation….
(Reuters) – Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing the stock’s valuation….
(Reuters) – Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing the stock’s valuation….
By Daphne Psaledakis CAIRO/TEL AVIV (Reuters) -U.S. Secretary of State Antony Blinken on Monday urged Arab leaders to pressure Hamas to accept a ceasefire proposal outlined ten days ago by U.S. President Joe Biden to end the eight month-long war in Gaza. Blinken is on his eighth visit to the region since Hamas militants attacked…
By Aditya Soni and Stephen Nellis (Reuters) – Apple is expected to showcase how it is integrating artificial intelligence across its software suite, including a revamped Siri voice assistant and a possible tie-up with ChatGPT owner OpenAI, at its annual developer conference on Monday. More is at stake at the Apple Worldwide Developers Conference (WWDC…
