AI stock shock could spark broader gains in US market
By Lewis Krauskopf January 29, 2025 – 3:21 AM PST Advertisement REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) – A development in the field of artificial intelligence that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares that has propelled the market higher. Tech stocks, led […]
Nvidia short bets rake in over $6 billion in profits after DeepSeek panic
By Shashwat Chauhan January 28, 2025 – 8:54 AM PST Advertisement REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion. Traders betting against […]
What is DeepSeek and why is it disrupting the AI sector?
By Eduardo Baptista January 27, 2025 – 6:17 AM PST Advertisement REUTERS/Dado Ruvic/Illustration BEIJING (Reuters) – Chinese startup DeepSeek’s launch of its latest AI models, which it says are on a par or better than industry-leading models in the United States at a fraction of the cost, is threatening to upset the technology world order. […]
Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
By Reuters January 24, 2025 – 7:01 AM PST Advertisement Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, January 20, 2025. Kenny Holston/Pool via REUTERS/File Photo Meta Platforms plans to spend […]
PayPal fined by New York for cybersecurity failures
By Jonathan Stempel January 23, 2025 – 8:31 AM PST Advertisement FILE PHOTO: FILE PHOTO: FILE PHOTO: Illustration photo of the PayPal app on a phone NEW YORK (Reuters) – PayPal (PYPL.O) will pay a $2 million civil fine over cybersecurity failures that led to the exposure of customers’ Social Security numbers in late 2022, […]
Netflix shares hit record as subscriber growth defies odds once again
By Harshita Mary Varghese January 22, 2025 – 7:31 AM PST Advertisement (Photo by PATRICK T. FALLON/AFP via Getty Images) (Reuters) – Shares of Netflix (NFLX.O) soared 13% to an all-time high on Wednesday after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its […]
TikTok app unavailable on Apple, Google stores in US despite Trump delaying ban
By Reuters January 21, 2025 – 8:42 AM PST Advertisement REUTERS/Dado Ruvic/Illustration (Reuters) – TikTok remained unavailable on Apple and Google app stores in the U.S. on Tuesday, a day after President Donald Trump signed an executive order delaying the enforcement of a ban on the popular Chinese-owned short-video app by 75 days. The order […]
US upgrades probe into 129,000 Ford vehicles over hands-free tech
By Reuters January 20, 2025 – 4:46 AM PST Advertisement REUTERS/Phil Noble//File Photo (Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it is upgrading a probe into 129,222 Ford Motor (F.N) vehicles over reports of collisions involving the company’s hands-free driving technology, BlueCruise. The NHTSA opened the investigation after receiving notices […]
US Supreme Court upholds law banning TikTok
By Andrew Chung and John Kruzel January 17, 2025 – 7:33 AM PST Advertisement REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights WASHINGTON (Reuters) – The U.S. Supreme Court refused to rescue TikTok on Friday from a law that required the popular short-video app to be sold by its Chinese parent company ByteDance or banned on Sunday […]
Tech groups sue US CFPB to block rule on payment apps, digital wallets
By Jonathan Stempel January 16, 2025 – 7:46 AM PST Advertisement Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., May 14, 2021. REUTERS/Andrew Kelly/File Photo (Reuters) – Two technology trade groups sued the U.S. Consumer Financial Protection Bureau on Thursday to block a new rule giving the regulator […]