Exclusive-Cisco to cut thousands of jobs as it seeks to focus on high growth areas -sources
By Utkarsh Shetti and Supantha Mukherjee (Reuters) -Network giant Cisco is planning to restructure its business which will include laying…
Trump vows to undo Biden gun restrictions if re-elected
By Nathan Layne HARRISBURG, Pennsylvania (Reuters) -Former President Donald Trump, the Republican frontrunner in the 2024 presidential race, said on…
Megacaps rally pushes S&P 500 to first close above 5,000 milestone
By Sinéad Carew and Sruthi Shankar (Reuters) -S&P 500 closed above 5,000 for the first time on Friday and Nasdaq…
Apple to settle trade secrets lawsuit against chip startup Rivos
By Blake Brittain (Reuters) – Apple plans to settle a lawsuit that accused tech startup Rivos of stealing its trade…
Exclusive-Nvidia pursues $30 billion custom chip opportunity with new unit -sources
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia is building a new business unit focused on designing…
White House touts $11 billion US semiconductor R&D program
By David Shepardson WASHINGTON (Reuters) -The White House on Friday touted the U.S. government’s plan to spend $11 billion on…
NYCB gets third credit downgrade as CRE exposure worries spill to Europe
By Manya Saini and Niket Nishant (Reuters) -Embattled New York Community Bancorp faced its third credit-rating cut on Thursday while…
Disney’s investment in Epic Games signals the company has to ‘be there’
By Dawn Chmielewski (Reuters) -In 2017, Epic Games was among a handful of companies selected to participate in Walt Disney’s…
Palladium price drops below platinum for the first time since 2018
By Brijesh Patel and Polina Devitt (Reuters) – Spot palladium prices fell below those of sister metal platinum for the…
Arm shares soar as AI-fueled boom brightens growth prospects
By Samrhitha A (Reuters) -Arm Holdings shares surged more than 55% on Thursday, on track for their best day since…