By Stephen Nellis (Reuters) -Qualcomm said on Monday it had signed a deal with Apple to supply 5G chips until at least 2026, at a time when the iPhone maker faces increased challenges in China and loo[...]
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September 11, 2023
Nvidia’s dominance in AI chips deters funding for startups
By Max A. Cherney (Reuters) – Nvidia’s supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors said, with the number of[...]
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Treasury’s Adeyemo calls for eliminating subsidies, including to energy companies
(Reuters) -The United States should think about eliminating corporate subsidies, including to energy companies, U.S. Deputy Treasury Secretary Wally Adeyemo said in New York on Monday. Adeyemo defende[...]
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Wall Street advances, dollar weakens ahead of CPI report
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended the session higher and the dollar retreated on Monday, as investors looked ahead to Wednesday’s inflation data, while the Bank of Jap[...]
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J.M. Smucker to buy Twinkies maker Hostess Brands in $5.6 billion deal
By Anirban Sen, Greg Roumeliotis and Ananya Mariam Rajesh (Reuters) -J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for $5.6 billion including debt in a deal that unites two major[...]
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Nike faces calls to pay garment workers ahead of annual shareholder meeting
By Katherine Masters NEW YORK (Reuters) – More than a dozen investors are calling on Nike to pay garment workers in Cambodia and Thailand that a labor rights group said lost wages after COVID-19[...]
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Airline SAS extends deadline for equity fundraising
(Reuters) -Scandinavian airline SAS, battling to emerge from bankruptcy protection, said on Monday it was extending the deadline for final bids for its equity fundraising by a week to Sept. 25 at the[...]
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Oil prices settle mostly flat ahead of monthly oil forecasts
By Laura Sanicola (Reuters) -The benchmark oil price settled largely unchanged on Monday, holding above the $90 a barrel reached last week for the first time in 10 months following fresh Saudi and Rus[...]
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US CFTC official pushes for national financial fraud database
By Chris Prentice NEW YORK (Reuters) – A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for investors and law enforcement to dig up information on pas[...]
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