By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its[...]
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Updated
Private U.S. Moon Lander Reaches Lunar Orbit Ahead of Touchdown Attempt
By Steve Gorman (Reuters) -A moon lander built by Houston-based company Intuitive Machines reached lunar orbit on Wednesday, heading for an attempt at the first U.S. touchdown on Earth’s nearest[...]
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Rivian Cuts Jobs, Forecasts Annual Production Below Estimates
By Akash Sriram and Abhirup Roy (Reuters) -Rivian said on Wednesday it would cut its workforce by 10% and forecast EV production for this year that widely missed estimates, hurt by downtime for factor[...]
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Apple Rolls Out Imessage Upgrade To Withstand Decryption By Quantum Computers
By Christopher Bing and Raphael Satter WASHINGTON (Reuters) – Apple is rolling out an upgrade to its iMessage texting platform to defend against future encryption-breaking technologies. The new[...]
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Yields rise on Fed fears of cutting rates too soon, stocks mixed
By Herbert Lash NEW YORK (Reuters) -Treasury yields rose on Wednesday after minutes from the Federal Reserve’s last meeting showed concerns about cutting interest rates too soon, while global sh[...]
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Conference Board gives up on U.S. recession call
(Reuters) -The Conference Board on Tuesday abandoned a long-running call for the U.S. economy to fall into recession, although its Leading Economic Index still sees economic output flatlining in the m[...]
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Amazon joins companies arguing US labor board is unconstitutional
By Daniel Wiessner (Reuters) – Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a U.S. labor agency’s in-house enforcement proceedings violat[...]
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OpenAI’s Altman seeks US government nod for AI chips venture, Bloomberg reports
(Reuters) -OpenAI CEO Sam Altman is working to secure approval from the U.S. government for his new AI chips venture, which could potentially raise national security and antitrust concerns, Bloomberg[...]
Read moreStone Point, General Atlantic Raise Offer to Buy HireRight to $1.65 Billion Deal
(Reuters) -Private equity firms Stone Point Capital and General Atlantic raised their offer to buy employee-screening company HireRight Holdings to a $1.65 billion deal, the companies said on Friday.[...]
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