By David Randall NEW YORK (Reuters) – A blistering rally in U.S. big tech stocks may be due for a breather, offering hope for market segments that have been more tepid this year. Although the S&P 500 is up 14.6% this year, most of the broader index’s gains have been concentrated in the information technology…
(Reuters) -Honeywell has agreed to buy aerospace and defense technology company CAES Systems for $1.9 billion from private equity firm Advent International, the company said on Thursday. The all-cash deal marks Honeywell’s second acquisition in recent months to strengthen its aerospace technologies unit, amidst a realignment of its business to focus on megatrends such as…
By Stephanie Kelly NEW YORK (Reuters) – Coinbase launched on Thursday a $2 million ad campaign targeted toward Latino voters, the company told Reuters, as the crypto industry makes moves this U.S. election cycle to put friendly lawmakers into office. The ad campaign comes on top of tens of millions of dollars the crypto industry…
(Reuters) – Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country. The investment will be used to set up a new cloud region that will allow customers…
By Simon Lewis, Steve Holland and David Brunnstrom WASHINGTON (Reuters) -Comments by Russian President Vladimir Putin on Thursday that Russia may supply weapons for North Korea after signing a defense pact with Pyongyang are “incredibly concerning,” U.S. State Department spokesperson Matthew Miller said. Putin suggested after a visit to North Korea this week that such…
TAIPEI (Reuters) – The U.S. State Department has approved the possible sale to Taiwan of drones and missiles for an estimated $360 million, the Pentagon’s Defense Security Cooperation Agency said. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to…
By Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing. Russel Stokes, head of GE Aerospace’s commercial engines and services, said while the company is aligned with Boeing’s production rates for this year, it…
By Kristina Cooke and Ted Hesson WASHINGTON (Reuters) – When news broke of U.S. President Joe Biden’s plan to provide a path to citizenship for certain immigrants who entered the country illegally and are married to U.S. citizens, Pennsylvania-based immigration lawyer Bridget Cambria didn’t need long to think of clients it could help. Over the…
(Reuters) – Dell Technologies is assembling half of the racks for the supercomputer that xAI is building, billionaire Elon Musk said in a post on social media platform X on Wednesday. The U.S. businessman has recently told investors that his artificial intelligence startup xAI is planning to build a supercomputer to power the next version…
By Brendan Pierson (Reuters) – Johnson & Johnson is facing a new proposed class action seeking damages and medical monitoring on behalf of women who have been diagnosed with cancer, or might develop it in the future, allegedly as a result of using the company’s baby powder and other talc products. The lawsuit, filed on…
