(Reuters) – Stifel expects the S&P 500 index to peak in the first half of 2025, then fall 10% to 15% in the second half of the year, the brokerage said on Thursday citing concerns about slower economic growth and sticky inflation. The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next…
(Reuters) -Nvidia has added about 200 people in China this year to enhance its research capabilities and focus on new autonomous driving technologies, Bloomberg News reported on Wednesday. Over the past couple of years, it has expanded in the country to now have close to 600 people in Beijing, and it recently opened a new…
(Reuters) – Apple plans to bring satellite connections to its smartwatch in 2025 and is ramping up work on a blood-pressure feature for the device, Bloomberg News reported on Tuesday. The satellite feature is expected to come to next year’s version of the iPhone maker’s Apple Watch Ultra, the report said, citing people familiar with…
(Refiles to remove extraneous words in paragraph 2) (Reuters) – Videogame retailer GameStop reported a fall in third-quarter revenue on Tuesday, hit by a continued slump in spending at its brick-and-mortar stores as consumers shift to online platforms. The company’s third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago. GameStop…
(Reuters) – Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing. Google on Monday introduced a new chip called Willow, which solved in five minutes a computing problem that would take a classical computer more…
By Mike Scarcella (Reuters) -Alphabet’s Google asked a U.S. appeals court on Wednesday to throw out a jury verdict and a judge’s order forcing it to revamp its app store Play. In its first detailed argument to the San Francisco-based 9th U.S. Circuit Court of Appeals, Google said the trial judge made legal errors that…
(Reuters) – The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC chair Lina Khan before her likely departure in January, following the presidential election victory of Donald…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in the world’s largest cryptocurrency are anticipating a significant downward move after bitcoin failed to hit an all-time peak of $100,000, according to a crypto trading platform citing recent options activity. Bitcoin hit a record high of $99,830 on Nov. 22, but it has since fallen more…
By Cassandra Garrison, David Shepardson and Ben Klayman MEXICO CITY/DETROIT (Reuters) – U.S. President-elect Donald Trump’s plan to slap a 25% tax on all imports from Mexico and Canada could strike the bottom lines of U.S. automakers, especially General Motors, and raise prices of SUVs and pickup trucks for U.S. consumers. GM leads the automakers…
By Jonathan Stempel (Reuters) – Netflix won the dismissal on Tuesday of a shareholder lawsuit accusing the streaming company of downplaying the impact on subscriber growth of account sharing, where paying members share user names and passwords with nonpaying members in other households. The proposed class action led by a Texas-based trustee began after Netflix…
