(Reuters) – Citi Research on Thursday raised its gold price target for the next three months to $3,500 per ounce from $3,200, driven by fresh gold buying from Chinese insurers and safe-haven flows amid tariff risks and market weakness. “We think gold is likely to be in an extremely rare physical deficit at present, meaning…
(Reuters) – MP Materials said on Thursday it had stopped shipping rare earth concentrate to China, in response to retaliatory tariffs and export controls, sending its shares down 6.3% in afternoon trading. “Selling our valuable critical materials under 125% tariffs is neither commercially rational nor aligned with America’s national interest,” the company said in a…
By Jody Godoy (Reuters) – Alphabet’s Google illegally dominates two markets for online advertising technology, a judge ruled on Thursday, dealing another blow to the tech giant and paving the way for U.S. antitrust prosecutors to seek a breakup of its advertising products. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, found Google liable for…
(Reuters) – Applied Digital reported third-quarter revenue below Wall Street estimates on Monday due to a slowdown in the datacenter hosting business, sending shares of the company down 11% in extended trading. The data center operator said its board has approved plans for a potential sale of the cloud services business segment, as it looks…
By Hritam Mukherjee BENGALURU (Reuters) – Walmart has signed a deal for a second office space in the southern Indian city of Chennai, which is fast emerging as a major technology center after being known for years as a manufacturing hub. Global companies are increasingly setting up local hubs in India to support their daily…
By Pete Schroeder (Reuters) -The White House has fired two Democratic board members of the National Credit Union Administration, the officials said on Wednesday, as President Donald Trump expanded efforts to influence independent regulatory agencies. Todd Harper and Tanya Otsuka, who both served on the NCUA’s board, said in separate statements that they had been…
By Curtis Williams (Reuters) – BP Plc will begin loading its first shipment of liquefied natural gas from Venture Global’s Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data. The BP-chartered vessel British Mentor was about to dock at the Calcasieu Pass port. It is the first cargo BP is receiving from the…
(Reuters) – Advanced Micro Devices expects charges of up to $800 million due to the latest curbs by the Trump administration on exports of advanced processors to China, the company said on Wednesday. Larger rival Nvidia said on Tuesday it would take $5.5 billion in charges as the export restrictions further shackle chipmakers’ ability to…
By Foo Yun Chee BRUSSELS (Reuters) – A German media company has complained to EU antitrust regulators following Alphabet unit Google’s crackdown against companies gaming its search algorithm to push up rankings for other sites. In its complaint to the European Commission, Hamburg-based Meraki Group GmbH urged immediate action against the policy, saying it penalises…
By Jonathan Allen NEW YORK (Reuters) -Columbia University said it was holding “good faith” negotiations with U.S. President Donald Trump’s administration to regain federal funding, hours after Harvard rejected the administration’s demands to audit the “viewpoint diversity” of its students and faculty, among other overhauls. Columbia’s interim president, Claire Shipman, on Monday night said the…
