By Caroline Valetkevitch NEW YORK (Reuters) – The Nasdaq ended lower while the Dow and S&P 500 were nearly flat on Tuesday as Treasury yields rose and shares of chipmakers fell after the Bid[...]
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October 17, 2023
Nvidia details advanced AI chips blocked by new export controls
By Max A. Cherney and Stephen Nellis (Reuters) -Nvidia said on Tuesday that new U.S. export restrictions will block sales of two high-end artificial intelligence chips it created for the Chinese marke[...]
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Tesla urges US to adopt much tougher fuel efficiency rules
By David Shepardson WASHINGTON (Reuters) -Electric vehicle manufacturer Tesla on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than U.S. regulator[...]
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Meta, US government spar in court over toughened privacy order
WASHINGTON (Reuters) – Lawyers for Meta, which owns Facebook, Instagram and WhatsApp, and the U.S. government tangled on Tuesday over the U.S. Federal Trade Commission’s plan to toughen a[...]
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China’s Q3 GDP seen slowing as Beijing races to revive growth
By Kevin Yao BEIJING (Reuters) – China’s economy likely slowed in the third quarter, data is expected to show on Wednesday, weighed by persistently weak demand, although increased stimulus[...]
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Rivian CEO says bond issue does not reflect concerns about EV maker’s financial health
By Abhirup Roy SAN FRANCISCO (Reuters) -Rivian’s earlier-than-expected bond issuance this month was aimed at strengthening the electric-vehicle maker’s balance sheet before geopolitical ri[...]
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Microsoft in talks to sign on Amazon as customer in $1 billion cloud tools deal – Insider
(Reuters) -Microsoft is preparing to bring Amazon.com as a customer for its 365 cloud productivity tools in a deal worth over $1 billion, news site Insider reported on Tuesday, citing an internal docu[...]
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Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset an $864 million writedown related t[...]
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Fed’s Kashkari: inflation still too high
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said it has taken much longer than expected for inflation to come down, and it is “still too high.” Ka[...]
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