(Reuters) – Broadcom’s shares slid about 9% in premarket trading on Friday, after the chipmaker’s revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth. The chip major posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, offsetting a hike in its forecast for AI…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A well-timed trade in GameStop’s options reaped a handsome profit on Friday after an account associated with “Roaring Kitty,” a stock influencer and longtime champion for the video game retailer, published a cryptic post on social media platform X. The post from “Roaring Kitty,” whose real name…
By Lewis Krauskopf and David Randall NEW YORK (Reuters) – Uncertainty over the U.S. economy’s health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled on Friday after closely watched jobs…
(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some investor enthusiasm after one of the stock’s worst slumps in decades. The company is working with investment bankers and considering various options such…
(Reuters) – A joint venture between Lockheed Martin and RTX’s Raytheon was awarded a $1.3 billion follow-on contract by the U.S. army for its Javelin missiles, which has played a major role in Ukraine’s defense against Russia’s invasion, Lockheed said on Thursday. This latest agreement is part of a larger contract awarded last year, which…
By Hannah Lang (Reuters) – Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $100,000 for the Democratic nominee at a Sept. 13 Washington fundraiser. The grassroots event is scheduled to take place between the Congressional Black Caucus…
(Reuters) -The U.S. Food and Drug Administration on Friday granted emergency use authorization for an updated version of Novavax’s COVID shot. The updated vaccine is authorized for use in individuals 12 years of age and older and will target the JN.1 strain of the virus. “Today’s authorization provides an additional COVID-19 vaccine option,” said Peter…
WASHINGTON (Reuters) – Republican presidential candidate Donald Trump said on Tuesday an agreement has been reached to have closed microphones at the Sept. 10 U.S. presidential debate with Democratic rival Kamala Harris. The Harris campaign did not immediately return a request for confirmation about the ABC-hosted debate. The candidates campaigns clashed on Monday over the…
(Reuters) – Meta Platforms will shut down the augmented reality studio that third-party creators used for making custom Instagram and Facebook effects, the social media giant said on Tuesday, as it prioritizes spending in other areas including AI. The feature, Meta Spark, will be shuttered on Jan. 14 and third-party AR effects including computer-generated filters,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting Nvidia’s upcoming earnings report to spark a more than $300 billion swing in the shares of the world’s most dominant artificial intelligence chipmaker. Options pricing shows that traders anticipate a move of around 9.8% in the company’s shares…
