By David Shepardson WASHINGTON (Reuters) -The Biden administration is proposing requiring U.S. cloud companies to determine whether foreign entities are accessing U.S. data centers to train AI models,[...]
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January 26, 2024
Weak Intel forecast drags S&P 500, ends streak of record highs
By Noel Randewich and Ankika Biswas (Reuters) -The S&P 500 ended a five-session streak of record highs on Friday, with Intel slumping after a bleak revenue forecast, while U.S. economic data showe[...]
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Exclusive-Lockheed Martin to cut 1% of its jobs in cost-cutting push
By Utkarsh Shetti and Mike Stone (Reuters) – Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on F[...]
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Musk’s SpaceX sued for negligence in accident that led to worker’s coma
By Marisa Taylor and Joey Roulette WASHINGTON (Reuters) – Elon Musk’s SpaceX is facing a negligence lawsuit brought by the wife of a worker whose skull was fractured during a 2022 rocket engine[...]
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Elon Musk says his AI startup xAI not raising capital
(Reuters) -Elon Musk said on Friday his artificial intelligence firm xAI was not in talks with investors to secure funding, following a media report earlier in the day on the startup’s effort to[...]
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Bank of America bonuses for dealmakers, traders are broadly flat -source
By Saeed Azhar NEW YORK (Reuters) -Bank of America’s bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performe[...]
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Hedge funds cash in on Grayscale bitcoin ETF conversion – sources
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscal[...]
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Intel tumbles as chipmaker falls further behind in AI race
By Samrhitha A (Reuters) -Intel slumped more than 12% on Friday following a bleak first-quarter revenue outlook, as the chipmaker plays catch-up in the AI race while also dealing with a weak PC market[...]
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Global stock index edges up, dollar dips after US inflation reading
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -MSCI’s global stock index barely rose on Friday while the U.S. dollar edged down after the U.S. Federal Reserve’s favored inflatio[...]
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