By Niket Nishant and Rashika Singh (Reuters) -Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a stunning rally that has cemented its place at the center of the global artificial intelligence boom. The milestone underscores the company’s swift transformation from a niche graphics-chip designer into…
SEOUL (Reuters) -NVIDIA CEO Jensen Huang plans to meet “global leaders and top Korean executives” when he attends the Asia-Pacific Economic Cooperation CEO Summit in South Korea this month, the U.S. AI chipmaker said in a statement on Sunday. “Huang will participate in activities to underscore NVIDIA’s work to advance technology and drive growth in…
By Lisa Baertlein and Jeslyn Lerh LOS ANGELES/SINGAPORE (Reuters) -New fees imposed on port calls by China and the U.S. are reducing the number of cargo vessels available for moving goods and threatening to increase consumer costs in both countries, industry executives said. Ship operators have taken China-linked ships out of U.S. trade lanes to…
By Deepa Seetharaman (Reuters) -Artificial intelligence startup Anthropic has overhauled its smallest AI model, Haiku, as companies increasingly opt for AI systems that are nearly as capable as the most advanced tools – but come at a fraction of the cost. Anthropic said on Wednesday that the updated model, called Haiku 4.5, is about one-third…
(Reuters) -Ulta Beauty raised its annual sales and profit forecast after topping quarterly sales estimates on Thursday, banking on steady demand for makeup and skincare brands at its stores as well as lower inventory losses. Shares of the company were up 6% in trading after the bell. The company saw stronger store sales, fueled by…
By Suzanne McGee (Reuters) -AI hype that has helped push U.S. stocks to fresh records this year has driven an explosion in leveraged single stock exchange-traded funds, a universe of speculative products that is likely to be tested by Nvidia’s Wednesday earnings. Companies that investors expect to benefit either directly or indirectly from the AI…
By Jonathan Stempel (Reuters) -Delta Air Lines agreed to pay $78.75 million to resolve a class action lawsuit over a 2020 fuel dump that doused tens of thousands of properties, including homes and schools, in Los Angeles and Orange counties in California. A proposed preliminary settlement was filed this week in Los Angeles federal court,…
Hurry! Enter these 2 trades by EOD Tuesday From $1.50 per share to $98.40 🤩 [sponsor] Today’s Breaking News Canada and allies to explore funding critical mineral projects, minister says BERLIN (Reuters) -Canada is working with its allies to potentially fund critical mineral transactions, similar to what the U.S. government did with MP Materials to diversify…
By David Lawder (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump’s tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September. Bessent told a White House Cabinet meeting that his prior estimate of a…
By Jody Godoy (Reuters) -The parents of a teen who died by suicide after ChatGPT coached him on methods of self harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it launched the GPT-4o version of its artificial intelligence chatbot last year. Adam Raine, 16, died…
