By Max A. Cherney and Stephen Nellis SAN JOSE (Reuters) – Intel said on Tuesday that several of its contract manufacturing customers planned to build test chips for a forthcoming advanced manufacturing process, which the company still has in development. The embattled chipmaker indicated it had received interest from customers at the company’s Direct Connect…
(Reuters) – The Texas health department reported 663 cases of measles in the state on Tuesday, an increase of 17 cases since April 25, as the U.S. battles one of its worst outbreaks of the childhood disease. Cases in Gaines County, the center of the outbreak, rose to 396, three more from its last update…
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) – U.S. Defense Secretary Pete Hegseth on Tuesday canceled a program that promoted the contributions of women in national security sectors, even though it was signed into law by President Donald Trump in 2017 and has been championed by current Trump administration officials. During his first term,…
(Reuters) -Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed OpenAI and Alphabet’s Google. The standalone app comes as Meta looks to boost the AI assistant’s usage, apart from being available within the company’s family of platforms – WhatsApp, Instagram, Facebook and Messenger….
By Niket Nishant (Reuters) -Wells Fargo cleared its twelfth consent order since 2019 and moved closer to fixing longstanding regulatory issues that have kept the bank under an asset cap of $1.95 trillion. The Consumer Financial Protection Bureau, the top U.S. consumer watchdog, has lifted a 2018 consent order related to the lender’s compliance risk…
By Aatreyee Dasgupta (Reuters) -Sabre Corp said on Monday it will sell its hospitality software platform to asset manager TPG for $1.1 billion and use the cash to pare its debt, lifting the travel technology provider’s shares nearly 26% in early trading. The stock is now up 13.5%. The company had a market capitalization of…
By Gwladys Fouche OSLO (Reuters) -The world economy appears to be fragmenting, posing the biggest risk to markets currently as it brings low growth and higher inflation, the CEO of Norway’s $1.8 trillion sovereign wealth fund told Reuters. The fund, which invests the Norwegian state’s revenues from oil and gas production, is the largest of…
(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025,…
(Reuters) -There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday. The trade war started by the U.S. administration of Donald Trump is seen…
(Reuters) -Elon Musk’s Department of Government Efficiency has ordered the cancellation of around $400 million in grants doled out by AmeriCorps, the federal government’s national service and volunteering agency, the Washington Post reported on Friday, citing three sources with knowledge of the matter. The canceled grants amount to 41% of the agency’s annual budget for…
