By Noel Randewich and Sinéad Carew (Reuters) -Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand. Nvidia’s stock zoomed as much as 28% after…
By Ross Colvin (Reuters) – Florida Governor Ron DeSantis announced on Wednesday he is seeking the 2024 Republican presidential nomination, joining former President Donald Trump in a growing list of Republicans seeking to unseat Democratic President Joe Biden. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and…
By Jonathan Stempel NEW YORK (Reuters) – A New York state judge on Wednesday dismissed a lawsuit accusing Apollo Global Management Inc billionaire co-founder Leon Black of defaming a woman by falsely claiming she tried to extort him after accusing him of rape. Justice David Cohen said the accuser, Guzel Ganieva, could not pursue her…
(Reuters) – Bill Ackman questioned the valuation of Carl Icahn’s flagship firm as he took another jab at his old rival, whose company has become the target of short-seller Hindenburg Research. The billionaire investor said in a tweet on Wednesday that he was “fascinated” by the situation between the short seller and Icahn Enterprises, while…
By James Oliphant and Jason Lange WASHINGTON (Reuters) – If Ron DeSantis hopes to defeat Donald Trump and win the 2024 Republican presidential nomination, he will ultimately have to bring every possible anti-Trump voter he can into the fold. But even that likely will not be enough, political analysts say. DeSantis will also have to…
By Sharon Bernstein and Steve Holland WASHINGTON (Reuters) – The White House and advocates on Wednesday decried a Florida school’s decision to remove the poem that celebrated author Amanda Gorman recited at President Joe Biden’s inauguration from the elementary school portion of its library, calling the move censorship. The poem by Gorman, who is Black…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The central banks of South Korea and Indonesia announce interest rate decisions on Thursday, against a backdrop of growing nervousness across world markets that the U.S. could be sleepwalking to an unprecedented and catastrophic default. Bank of Korea…
(Reuters) -WeWork Inc CFO Andre Fernandez intends to resign on June 1, the company said on Wednesday, less than a year into the role and days after top boss Sandeep Mathrani announced his exit from the workspace provider. Chief Accounting Officer Kurt Wehner, who joined WeWork in October 2020, will take over as CFO. He…
(Reuters) – Verizon Communications Inc held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining” measures that are all but certain to result in significant layoffs, the Verge reported on Wednesday. More than 6,000 employees were present on Wednesday’s call, the report said, adding that the consolidation measures could end…
By Aishwarya Nair (Reuters) – A failure to break the deadlock on raising the U.S. debt ceiling before the deadline could pose a challenge to capital-intensive businesses such as industrial suppliers, a body representing construction and farm equipment makers said. The U.S. government could fall behind on its bills next month, and even default on…
