SoftBank-backed online bank Inter bets on Brazilians in Florida
By Andre Romani and Kylie Madry SAO PAULO (Reuters) – SoftBank-backed Brazilian online lender Inter & Co is hoping to replicate its home market success in the United States, where…
Nvidia’s stock market value hits $3 trillion for first time
(Reuters) – Nvidia’s stock market value hit $3 trillion for the first time on Wednesday as the chipmaker benefited from a race between Wall Street’s heavyweights to dominate AI technology.…
Boeing’s Starliner spacecraft sends first astronaut crew to orbit
By Joey Roulette CAPE CANAVERAL, Florida (Reuters) -Boeing’s new Starliner capsule flew its first crew of astronauts to space on Wednesday from Florida in a much-delayed test mission to the…
These early Tesla bulls are giving up on the stock
By David Randall NEW YORK (Reuters) – Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror. The…
OpenAI, Google DeepMind’s current and former employees warn about AI risks
(Reuters) – A group of current and former employees at artificial intelligence (AI) companies, including Microsoft-backed OpenAI and Alphabet’s Google DeepMind on Tuesday raised concerns about risks posed by the…
GameStop mania unfolded: Key milestones in meme stock frenzy
(Reuters) – GameStop is back in the limelight after a hiatus of three years with the return of social media influencer “Roaring Kitty” Keith Gill, a key figure in the…
Tesla likely to spend $3 billion-$4 billion on Nvidia hardware this year
(Reuters) -Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia’s hardware this year, CEO Elon Musk said in a post on X…
NYSE glitch sparks volatility in dozens of stocks
By Arasu Kannagi Basil and Sinéad Carew (Reuters) -A glitch at the New York Stock Exchange triggered massive swings in the shares of Berkshire Hathaway and Barrick Gold, and trading…
AMD launches new AI chips to take on leader Nvidia
By Arsheeya Bajwa TAIPEI (Reuters) – Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years…
Hedge funds ditch shares as bullish bets hurt performance, says Morgan Stanley
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds dumped equities last week, in a painful week for their portfolios as the U.S. main indexes fell and hit their…