Tag: Updated

  • Microsoft highlights ‘Copilot+’ PCs ahead of developer conference

    Microsoft highlights ‘Copilot+’ PCs ahead of developer conference

    By Max A. Cherney SEATTLE (Reuters) -Microsoft said on Monday it would launch a new category of personal computer capable of handling more artificial-intelligence tasks without calling on cloud data centers. At the event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what he dubbed “Copilot+” PCs, saying that Microsoft as well…

  • US stock settlement switch faces early resilience test

    US stock settlement switch faces early resilience test

    By Laura Matthews and Sinead Cruise NEW YORK/LONDON (Reuters) -Participants in the United States’ multitrillion-dollar securities markets face an early test of their ability to cope with regulatory reforms to speed up trade settlement, as a major index rebalance scheduled to occur just days after the planned switch risks causing a spike in failed trades.…

  • Wall St, world stocks advance, metals shine

    Wall St, world stocks advance, metals shine

    By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy. All three major U.S. stock indexes were green, led by the tech-heavy Nasdaq. Copper, a barometer of…

  • Wall Street bets on stellar quarterly results from Nvidia

    Wall Street bets on stellar quarterly results from Nvidia

    By Arsheeya Bajwa (Reuters) -Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals. The results will be the latest test for Wall Street’s picks-and-shovels trade that…

  • Factbox-Brokerages lift S&P 500 target on hopes for soft landing, rate cuts

    Factbox-Brokerages lift S&P 500 target on hopes for soft landing, rate cuts

    (Reuters) -Brokerages have raised their year-end targets for the U.S. stocks benchmark S&P 500, spurred by expectations of a “soft landing” for the economy and growing odds the Federal Reserve will cut interest rates this year. Following are forecasts from some major banks on economic growth, inflation, and how they expect certain asset classes to…

  • US FDA approves Amgen drug for small cell lung cancer

    US FDA approves Amgen drug for small cell lung cancer

    (This May 16 story has been officially corrected to change the pricing estimate in paragraph 4) (Reuters) – The U.S. Food and Drug Administration on Thursday granted accelerated approval to Amgen’s tarlatamab, a targeted immunotherapy for adults in the advanced stages of hard-to-treat small cell lung cancer that has worsened despite chemotherapy. The drug, marketed…

  • Reddit stock jumps after OpenAI partnership

    Reddit stock jumps after OpenAI partnership

    By Yuvraj Malik (Reuters) -Shares of Reddit rose 13% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to boost advertising income for the social media platform. The jump pushed the stock up at $63.64, within striking distance of the record closing price of $65.11 hit in late-March, putting the company…

  • TV companies flaunt ad tech and AI to persuade advertisers to spend

    TV companies flaunt ad tech and AI to persuade advertisers to spend

    By Dawn Chmielewski NEW YORK (Reuters) – Television “upfront” advertiser presentations this week in New York City were hardly about TV at all. The annual week-long affair where media executives have traditionally pre-sold TV advertising featured many familiar trappings: pop stars Alicia Keys and Billie Eilish dazzled packed auditoriums with live performances; celebrities Kevin Hart,…

  • Biden, Trump agree to debate on June 27 and Sept. 10

    Biden, Trump agree to debate on June 27 and Sept. 10

    By Nandita Bose and Nathan Layne WASHINGTON (Reuters) -U.S. President Joe Biden and Republican rival Donald Trump on Wednesday agreed to face off in two debates on June 27 and Sept. 10, setting up the highest stakes moments yet of the race for the White House. “As you said: anywhere, any time, any place,” Biden…

  • GameStop and AMC tumble as meme stocks rally deflates

    GameStop and AMC tumble as meme stocks rally deflates

    By Medha Singh (Reuters) -Retail investor darlings GameStop and AMC fell for a second straight session on Thursday, as excitement over the social media return of “Roaring Kitty,” who was the central figure in 2021 meme-stock rally, fizzles out. Shares of the videogame retailer GameStop tumbled 30% to close at $27.67 after jumping as high…