By Katie Paul, Krystal Hu, Stephen Nellis and Anna Tong (Reuters) – As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the company’s computing capacity, focused on its ability to do cutting-edge artificial intelligence work, according to a company memo dated Sept….
By Chavi Mehta (Reuters) -Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker’s end-markets. A chip supply glut, which started from the consumer electronics market, has seeped into broader markets like enterprise and industrial as rising interest rates saps spending…
By Arshreet Singh (Reuters) -Enphase Energy Inc reported market-beating profit in the first quarter on strong sales in Europe, but forecast second-quarter revenue below Wall Street expectations, sending its shares down as much as 17% in extended trading on Tuesday. The company expects second-quarter revenue between $700 million and $750 million, below analysts’ estimate of…
By Howard Schneider and Dan Burns (Reuters) -Many of the fastest-growing occupations held by U.S. workers in the run-up to the pandemic, such as management, finance and transportation, gained even more ground in the first two years of the health crisis, government data released on Tuesday showed. The Labor Department’s annual snapshot of occupations and…
By Arathy Somasekhar HOUSTON (Reuters) -Oil dropped 2% to its lowest this month on Tuesday after two sessions of gains, as deepening concerns of an economic slowdown and a stronger dollar outweighed hopes of higher Chinese demand. Brent crude fell by $1.96, or 2.4%, to settle at $80.77 a barrel, its lowest close since March…
By Gram Slattery ARLINGTON, Virginia (Reuters) -Former South Carolina Governor Nikki Haley said on Tuesday she was personally against abortion rights but bore no ill will for those who felt differently, in a rare foray by a Republican White House hopeful into one of the more sensitive issues of the 2024 U.S. election campaign. In…
By Jack Queen and Luc Cohen NEW YORK (Reuters) -With Ed Sheeran on the witness stand in Manhattan federal court on Tuesday during a copyright trial, jurors were warned to keep their composure while watching a video of the British pop star performing a medley of his hit song “Thinking Out Loud” and the classic…
By Blake Brittain (Reuters) -Voting technology company Smartmatic USA Corp on Tuesday fended off a patent infringement lawsuit brought by competitor Election Systems & Software LLC, persuading a federal judge that the last patent remaining in the case is invalid. U.S. District Judge Richard Andrews in Delaware said the voting-machine patent covered unpatentable abstract ideas…
(Reuters) -FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday. FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing. “We are pleased to reach this agreement with…
By Rami Amichay and Emily Rose BEERSHEBA, Israel (Reuters) -Tensions ran high as ceremonies commemorating slain Israeli soldiers and victims of attacks turned into protests on Tuesday, far from the decades-old tradition of Memorial Day unity. Despite calls from Prime Minister Benjamin Netanyahu and opposition leaders to put disagreements aside over plans by the far-right…
