NEW YORK (Reuters) – Lamb Weston shareholders love the French fry maker’s products but are unhappy with management, activist investor Jana Partners told the company’s board on Monday, signaling that it may launch a board fight later this year. The investment firm, which owns more than 5% of the roughly $9 billion company, polled Lamb…
NEW YORK/LONDON (Reuters) -Technology shares around the world slid on Monday as a surge in popularity of a Chinese discount artificial intelligence model shook investors’ faith in the AI sector’s voracious demand for high-tech chips. Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread…
By Prakhar Srivastava and Pritam Biswas (Reuters) -Metsera, which is developing weight-loss drugs, said on Monday it is seeking a valuation of up to $1.78 billion in its U.S. IPO, aiming to capitalize on Wall Street’s insatiable appetite for such treatments. Hopes of a soft landing for the U.S. economy and expectations of a more…
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia on Monday said Chinese AI firm DeepSeek’s advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek’s services. Nvidia issued a statement on Monday after its shares tumbled 17% on…
(Reuters) -Siemens Energy, the world’s biggest maker of offshore wind turbines, reported on Monday a preliminary first-quarter revenue of 8.94 billion euros ($9.37 billion), up 18.4% on a comparable basis and slightly above consensus estimates. The firm’s preliminary order intake figures stood at 13.67 billion euros for the quarter, down 10.2% on a comparable basis,…
By Aditya Soni and Zaheer Kachwala (Reuters) – Chinese startup DeepSeek’s cheaper AI is sharpening investor scrutiny of the billions U.S. tech giants are pouring to develop the technology and analysts say it will dominate this week’s much-awaited results from industry bellwethers. DeepSeek has claimed it took just two months and cost under $6 million…
(Reuters) – Wall Street banks are preparing to sell a big portion of debt holdings in social media platform X, the Wall Street Journal reported on Friday, citing people familiar with the matter. Bankers at Morgan Stanley have contacted investors ahead of next week’s planned sale of up to $3 billion in debt that lenders…
By Erin Banco NEW YORK (Reuters) – The Palestinian militant group Hamas has recruited between 10,000 and 15,000 members since the start of its war with Israel, according to two congressional sources briefed on U.S. intelligence, suggesting the Iran-backed fighters could remain a persistent threat to Israel. The intelligence indicates a similar number of Hamas…
(Reuters) – Amazon’s Prime Video has shifted its strategic focus towards live sports and away from original television shows and movies, seeking to meet internal corporate profit targets, The Information reported on Friday. Amazon’s reported move marks a pivotal moment for the tech giant as it looks beyond its traditional focus on original content for…
(Reuters) – Meta Platforms will begin test launching ads on its social media platform Threads with a few brands in the U.S. and Japan, it said on Friday, as the app hits over 300 million monthly active users. During early testing starting Friday, image ads will appear in the Threads home feed, placed between content…
