Nvidia blew past all expectations on Wednesday, reporting soaring profits driven by its graphics processing units (GPUs) that excel at powering artificial intelligence workloads. But other classes of AI chips are beginning to gain momentum. Every major cloud provider is now designing its own application-specific integrated circuits (ASICs), from Googles TPU to Amazons Trainium to OpenAIs plans with Broadcom. These...

After months of heavy hedging triggered by the tariff shock that rattled the dollar earlier this year, foreign investors who rushed to protect their U.S. holdings against further depreciation are now slowing those efforts sharply a vote of confidence that has helped the dollar rebound from its worst slump in years. Analysts stress that hedging levels remain above historical norms,...

The euro rose in European trading on Monday against a basket of major currencies, attempting to recover from a two-week low against the US dollar, supported by bargain-hunting at lower levels and by a pause in the dollars recent advance ahead of key US inflation data. With uncertainty still surrounding the likelihood of a European Central Bank rate cut in...

The US dollar slipped slightly against most major currencies on Thursday as expectations grew that the Federal Reserve will keep interest rates unchanged. The move came after the release of the September nonfarm payrolls report, which showed the US economy added 119,000 jobs well above expectations of 50,000 and compared with a loss of 4,000 jobs in August. Several Federal...

June 28 (Reuters) - U.S. stock index futures were steady on Friday after a key inflation reading was broadly in line with expectations in May, lifting hopes for an earlier start to policy easing. The personal consumption expenditures (PCE) price index - the Federal Reserve's preferred inflation gauge - was flat, in line with expectations. On an annual basis, PCE...

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Nike ( NKE ) slumps after results * Trump-linked stocks jump after presidential debate * Infinera ( INFN ) rises after Nokia to buy company * Futures up: Dow 0.08%, S&P 500 0.6%, Nasdaq 0.43% (Updated at 7:19 a.m....

08:27 AM EDT, 06/28/2024 (MT Newswires) -- Energy stocks were rising premarket Friday, with the Energy Select Sector SPDR Fund (XLE) recently gaining 0.8%. The United States Oil Fund (USO) was 0.3% higher, and the United States Natural Gas Fund (UNG) advanced 1.3%. Front-month US West Texas Intermediate crude oil was up 0.5% at $82.17 per barrel at the New...

08:18 AM EDT, 06/28/2024 (MT Newswires) -- Health care stocks were trending lower pre-bell Friday, with the Health Care Select Sector SPDR Fund (XLV) down 4.9% and the iShares Biotechnology ETF (IBB) unchanged. Carisma Therapeutics ( CARM ) said late Thursday that it nominated an in vivo CAR-M targeting Glypican-3 as the first development candidate under its collaboration with Moderna...

The initiative, conducted in collaboration with IIT Bombay and the Department of Consumer Affairs (DoCA), aims to assess the application of large language models (LLM) in enhancing the efficiency of India's consumer grievance redressal system.

According to Google, the use of artificial intelligence (AI) by developers to build and offer enhanced user experiences emerged as one of the top innovation trends in apps and games. Several of the local developers on the list have even integrated AI into their offerings.

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh.

Karnataka Chief Minister Siddaramaiah, this policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector.

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.

06:30 AM EDT, 08/19/2024 (MT Newswires) -- B. Riley Financial ( RILY ) said Friday that its founder, Chairman and co-Chief Executive Bryant Riley has made an unsolicited proposal to take the company private for $7 per share. A special committee would be established to evaluate the proposal, the company said, adding that there is no assurance that a transaction...

06:25 AM EDT, 08/19/2024 (MT Newswires) -- Circle K operator Alimentation Couche-Tard Inc. ( ANCTF ) made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co., in what would be the biggest foreign takeover of a Japanese company. A merger would create a global network of roughly 100,000 convenience stores, the world's biggest,...

(Reuters) - Estee Lauder ( EL ) said on Monday its long-time CEO Fabrizio Freda had decided to retire from the cosmetic giant next year. Shares of the MAC lipstick maker were up 1% in premarket trading. Freda joined Estee in 2008 as president and chief operating officer and was later named the MAC lipstick maker's CEO. Estee said the...

Aug 19 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Seven & I ( SVNDF ), the Japanese operator of 7-Eleven convenience stores and other retail chains, is studying a takeover offer from Canadian convenience store operator Alimentation Couche-Tard ( ANCTF...

Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday.

Bitcoin prices have typically rallied in the past following halvings. Six months after the first halving in 2012, the price jumped to $126 from $12. After the second halving in 2016, it went to $1,000 from $654 within seven months and in 2020 it shot up to $18,040 from $8,570 in the same time period.

A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August.

The crypto market is experiencing one of its longest, most bitter winters in recent history. It has caused a massive...