By Max A. Cherney SAN FRANCISCO (Reuters) – Cerebras Systems launched on Tuesday a tool for AI developers that allows them to access the startup’s outsized chips to run applications, offer[...]
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August 27, 2024
China Evergrande’s EV arm warns of bigger first-half loss on impairment provisions
(Reuters) -The electric vehicle unit of embattled real estate developer China Evergrande said on Tuesday it expected to report a bigger loss for the first half of 2024, reflecting an increase in provi[...]
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Nordea Bank reaches $35 million settlement with New York tied to Panama Papers
By Jonathan Stempel NEW YORK (Reuters) -Nordea Bank agreed to pay a $35 million civil fine to settle charges by a top New York regulator that the Finland-listed bank failed to properly police money la[...]
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Bank of Montreal warns of credit pressures after profit miss, shares fall
By Nivedita Balu and Arasu Kannagi Basil TORONTO (Reuters) -Bank of Montreal on Tuesday warned it would need to continue to set aside money for loans that are unlikely to be repaid, after the Canadian[...]
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Edgar Bronfman drops Paramount bid, clearing path for Skydance deal
By Dawn Chmielewski and Anirban Sen (Reuters) -Media veteran Edgar Bronfman Jr on Monday withdrew from the race for Paramount Global, clearing the way for Skydance Media to take control of Shari Redst[...]
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Exclusive-Intel board member quit after differences over chipmaker’s revival plan
By Max A. Cherney SAN FRANCISCO (Reuters) – The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director c[...]
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Hindenburg takes aim at AI server maker Super Micro with short position
(Reuters) -Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged “accounting manipulation” at the AI server maker, the latest by the short seller wh[...]
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US house prices fall on monthly basis in June
WASHINGTON (Reuters) – U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted[...]
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Failed sale, appraisal delays behind first loss on a AAA bond since 2008 crisis
By Shankar Ramakrishnan August 27 (Reuters) – A failed attempt to sell a New York City office tower helped cause more than a year-long delay for two credit rating agencies to downgrade a commerc[...]
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