By Carolina Mandl NEW YORK (Reuters) -Hedge funds are increasingly betting against stocks, with Nvidia, Advanced Micro Devices and Tesla as their top three shorts placed on Wednesday, a Morgan Stanley note showed on Thursday. Wednesday was the third largest day of single stock selling by hedge funds this year, according to the bank’s institutional…
(Reuters) -Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday. The tech giant’s withdrawal from new capacity leasing was largely led by the decision not…
By Foo Yun Chee BRUSSELS (Reuters) – Coca Cola bottlers were raided by EU antitrust regulators earlier this month, a person with direct knowledge of the matter said. The European Commission announced the raids on non-alcoholic drinks companies in several EU countries on March 10 but did not name them. It cited concerns about possible…
By Jaspreet Singh (Reuters) – Elon Musk-owned social media platform X is poised for the company’s first year of advertising revenue growth since its acquisition by the billionaire in 2022, data from research firm Emarketer showed on Wednesday. Brands are returning to X at a time when Musk’s influence has grown in the Trump administration,…
(Reuters) – Paul Atkins, President Donald Trump’s pick to run the U.S. Securities and Exchange Commission, pledged on Wednesday that regulations under his leadership would benefit the crypto sector and prevent politics from “stifling” capital formation, according to prepared testimony made public by the Senate. “A top priority of my chairmanship will be to work…
By David Shepardson WASHINGTON (Reuters) – Alphabet’s self-driving unit Waymo said on Tuesday it aims to launch its fully autonomous ride-hailing service in the U.S. capital city next year. Waymo began moving vehicles to Washington, D.C., in January and will bring more to the city in the coming weeks as it works to start paid…
By AJ Vicens A network of companies operated by a secretive Chinese tech firm has been trying to recruit recently laid-off U.S. government workers, according to job ads and a researcher who uncovered the campaign. Max Lesser, a senior analyst on emerging threats with the Washington-based think tank Foundation for Defense of Democracies, said some…
By Mike Stone WASHINGTON (Reuters) – Boeing said on Tuesday it had ramped up production of a critical component for Patriot air defense interceptor missiles – the seeker that identifies and tracks efforts to knock them down – to meet growing demand from the U.S. and allies. Eighteen countries, including Ukraine, use PAC-3 interceptors, which…
BEIJING (Reuters) – Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech leaders like OpenAI and Anthropic. The new model, DeepSeek-V3-0324, was made available through AI development platform Hugging Face, marking the company’s latest push to establish itself in the rapidly evolving AI market….
By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2. Traders also took advantage of the near 40% decline in the stock so far this…
