Exclusive-Nvidia pursues $30 billion custom chip opportunity with new unit -sources
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia is building a new business unit focused on designing…
2024
Moderna, Bayer-backed Metagenomi stock drops 32% on Nasdaq debut
(Reuters) – Shares of Metagenomi Technologies, a genetic medicines company backed by Bayer Healthcare and Moderna, slumped 32% in their…
White House touts $11 billion US semiconductor R&D program
By David Shepardson WASHINGTON (Reuters) -The White House on Friday touted the U.S. government’s plan to spend $11 billion on…
NYCB gets third credit downgrade as CRE exposure worries spill to Europe
By Manya Saini and Niket Nishant (Reuters) -Embattled New York Community Bancorp faced its third credit-rating cut on Thursday while…
Disney’s investment in Epic Games signals the company has to ‘be there’
By Dawn Chmielewski (Reuters) -In 2017, Epic Games was among a handful of companies selected to participate in Walt Disney’s…
Palladium price drops below platinum for the first time since 2018
By Brijesh Patel and Polina Devitt (Reuters) – Spot palladium prices fell below those of sister metal platinum for the…
Arm shares soar as AI-fueled boom brightens growth prospects
By Samrhitha A (Reuters) -Arm Holdings shares surged more than 55% on Thursday, on track for their best day since…
Donald Trump’s immunity claim rejected. What comes next?
By Andrew Goudsward WASHINGTON (Reuters) -A U.S. appeals court on Tuesday ruled that Donald Trump does not have immunity from…
NYCB shares end higher as new executive chair seeks to bolster confidence
By Niket Nishant and Lewis Krauskopf (Reuters) -Shares of New York Community Bancorp closed higher on Wednesday after the lender…
Ackman exits Lowe’s after bet earned $1.3 billion for Pershing Square funds
NEW YORK (Reuters) – Hedge fund manager William Ackman exited his position in Lowe’s after the home improvement retailer earned…