By Nandita Bose and Gabriella Borter PITTSBURGH, Pa. (Reuters) -U.S. Vice President Kamala Harris said on Wednesday she would offer tax credits to domestic manufacturers and invest in sectors that will “define the next century”, as she detailed her economic plan to boost the U.S. middle class. Speaking at the Economic Club of Pittsburgh in…
By Mike Stone, Patricia Zengerle and Phil Stewart WASHINGTON (Reuters) -The United States plans to announce more than $8 billion worth of military assistance for Ukraine on Thursday during Ukrainian President Volodymyr Zelenskiy’s visit to Washington, two U.S. officials said on Wednesday. President Joe Biden’s administration has been engaged in urgent discussions with Congress to…
(Reuters) -Micron Technology forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for its high bandwidth memory (HBM) chips used by the AI industry, sending the company’s shares up 10% after the bell. The company is one of the only three providers of HBM chips along with South Korea’s SK Hynix…
(Reuters) – Republican presidential candidate Donald Trump said on Tuesday that he will put a 100% tariff on every car coming into the United States across the Mexican border if he wins the Nov. 5 election against Democratic Vice President Kamala Harris. “We will put a 100% tariff on every single car coming across the…
MEXICO CITY (Reuters) -Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence, the company announced on Tuesday. The fresh funds will go toward improving connectivity and boosting the adoption of AI technology by small and-medium sized businesses (SMBs), the…
By Tim Reid and Gram Slattery WASHINGTON (Reuters) -Donald Trump said on Tuesday said he would seek to “take” manufacturing jobs from foreign countries, including U.S. allies, if he wins the Nov. 5 election, by offering incentives to encourage companies to relocate to the United States. Trump promised a “manufacturing renaissance” as the centerpiece of…
By Manya Saini and Niket Nishant (Reuters) – Visa shares fell 3% on Tuesday after a report said the U.S. Department of Justice plans to file a lawsuit against the world’s largest payment processor, alleging it illegally monopolized the country’s debit-card market. The antitrust division of the regulator is set to file a lawsuit as…
(Reuters) -Constellation Energy and Microsoft have signed a data center deal to help resurrect a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart of its kind, the companies said on Friday. Big tech has led to a sudden surge in U.S. electricity demand for data-centers needed…
By Suzanne McGee and Carolina Mandl (Reuters) – Investment advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a process they expect to limit the appeal of money-market funds in the coming months. Retail money-market funds have attracted $951 billion in inflows since 2022,…
(Reuters) -Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel’s shares reversed course to rise 8%, while Qualcomm fell 4% in afternoon trade. Intel has been attempting to turn its business around by focusing on its chip foundry unit…
