AMSTERDAM (Reuters) – STMicroelectronics, one of Europe’s biggest computer chip companies, has launched a new series of microcontrollers, its first for so called edge AI and machine learning. The French-Italian company said on Tuesday that it expects the STM32N6 series to find applications in consumer and industrial electronics to perform image and audio processing that…
By Lananh Nguyen, Nupur Anand and Saeed Azhar NEW YORK (Reuters) – Goldman Sachs CEO David Solomon said on Tuesday that dealmaking in both equities, and mergers and acquisitions, could potentially exceed 10-year averages next year. “I think in 2025 we will certainly be at 10-year averages. We might even be ahead of 10-year average,”…
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a “high-teens” percentage, Chief Financial Officer Mark Mason said on Tuesday. Mason also said he expects the bank to be on the high end…
(Reuters) – Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato’s Blinkit and SoftBank-backed Swiggy’s Instamart promising deliveries of goods from groceries to electronics…
(Reuters) -Oracle’s shares tumbled more than 9% on Tuesday after its quarterly revenue fell short of Wall Street expectations, signaling investor concerns over fierce competition in the cloud business amid booming demand from AI service providers. At $172.78, the company was on track to lose nearly $50 billion in market capitalization if losses hold. Oracle’s…
(Reuters) – Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing. Google on Monday introduced a new chip called Willow, which solved in five minutes a computing problem that would take a classical computer more…
By Mike Scarcella (Reuters) – TikTok and its Chinese owner ByteDance have turned to a veteran U.S. Supreme Court lawyer as they prepare to ask the justices to block a law that could ban the popular short video platform in the United States. Noel Francisco, who served as U.S. solicitor general during Republican President-elect Donald…
By Shariq Khan and Nicole Jao NEW YORK (Reuters) – Average U.S. gasoline prices fell below $3 a gallon for the first time in over three years on Monday, extending a run of bargains at the pump for consumers who have faced soaring inflation in recent years. Fuel prices have been declining steadily since the…
HANOI (Reuters) – Vietnamese electric vehicle (EV) manufacturer VinFast on Sunday announced a plan to build its second domestic production plant that will double its output capacity, saying it is needed to meet increased demand for its small and mid-sized models. VinFast said the new facility is expected to produce 300,000 units annually in its…
By Ted Hesson WASHINGTON (Reuters) -U.S. President-elect Donald Trump aims to deport all immigrants in the U.S. illegally over his four-year term but wants a deal to protect so-called “Dreamer” immigrants, he said in an interview that aired on Sunday on NBC News’ “Meet the Press with Kristen Welker.” Trump also said he plans to…
