Wolfspeed shares sink on going-concern fears, slowing EV sales hit annual revenue forecast
(Reuters) -Chipmaker Wolfspeed’s shares fell 23% on Friday after it raised going-concern doubts and forecast weaker-than-expected annual revenue as it…
Exclusive-Fed’s Hammack wants clear data before moving on rates, not much data by June
By Howard Schneider and Ann Saphir PALO ALTO, California (Reuters) -The Federal Reserve needs more time to see how the…
Bain Capital to buy PCI Pharma at $10 billion valuation, Bloomberg News reports
(Reuters) -Bain Capital is in talks to buy contract drug manufacturer PCI Pharma Services at a valuation of $10 billion,…
Nippon Steel exec headed to Washington next week in push for US Steel deal, source says
(Reuters) -Nippon Steel Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval…
Apple is developing specialized chips for smart glasses and AI servers, Bloomberg News reports
(Reuters) -Apple is developing specialized chips that will power future devices including its first smart glasses, artificial intelligence servers and…
Stablecoin bill fails to clear key hurdle in U.S. Senate
By Hannah Lang (Reuters) -Legislation that would create a regulatory framework for U.S. dollar-pegged cryptocurrency tokens known as stablecoins faced…
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
By Mike Scarcella (Reuters) -A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to…
Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud
By Jonathan Stempel (Reuters) -Citigroup must face a revived lawsuit claiming it caused more than $1 billion of losses by…
Netflix to revamp TV app interface, launch AI-powered search for iOS users
(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS…
Amazon to spend $4 billion on cloud infrastructure in Chile
By Fabian Cambero SANTIAGO (Reuters) -Amazon’s cloud computing division will invest $4 billion to build its first data centers and…