By Brad Brooks, Andrew Hay and Costas Pitas (Reuters) -A federal court on Tuesday blocked Texas from using a new congressional map intended to flip several Democratic-held U.S. House of Representatives seats to Republicans in the 2026 midterm elections, faulting Governor Greg Abbott for directing the legislature to draw it based on race. The 2-1…
The Next AI Boom Won’t Be Chips. It’ll Be Software-And This Startup Is Leading It. Could This Be the Biggest Investment Story of the Year? [sponsor] Today’s Breaking News Meta to block Facebook and Instagram for Australian teens by December 10 The company said it had begun notifying users it believed were between 13 and 15 years…
(Reuters) -Walmart said on Thursday it would move its longtime listing on the New York Stock Exchange to Nasdaq, joining the tech-heavy exchange as one of its most valuable members. The shift, scheduled for December 9, underscores the retail giant’s push to become more technology-focused — from integrating artificial intelligence across operations to accelerating e-commerce…
By Fergal Smith TORONTO (Reuters) -Canada’s main stock index fell to a 10-day low on Monday as worries about the sustainability of the spending boom around artificial intelligence offset an easing of domestic inflation pressures. The S&P/TSX composite index ended down 250.25 points, or 0.8%, at 30,076.21, its lowest closing level since November 7. Wall…
New Way to Earn Passive Income in Crypto in 2025 Musk’s Big Prediction for 2025 [sponsor] Today’s Breaking News US Social Security scraps plan to limit disability benefits, WaPo reports The policy would have changed eligibility for two federal disability programs by either eliminating or limiting the age of the claimant as a factor for consideration,…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
By Howard Schneider WASHINGTON (Reuters) -Two weeks before the U.S. Federal Reserve’s last meeting, with the federal government’s data spigot closed, Atlanta Fed staff backstopped their view of the economy by analyzing how past surveys of business executives had aligned with employment, spending, output and other data captured in federal reports. The results boosted their…
By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s top chip design company, MediaTek, expects to earn revenue of billions of dollars from its AI accelerator ASIC chips by 2027, the chief executive said on Friday, as the company pushes further into the data centre business. Chief Executive Rick Tsai told a quarterly earnings conference…
(Reuters) -Goldman Sachs said on Tuesday it now expects the Bank of England (BoE) to trim rates by 25 basis points in November, after last week’s softer-than-expected inflation data and signs of labour market strain. British consumer inflation stood at 3.8% in September, below the central bank’s forecast of 4%, raising prospects for a rate…
