US official says Chinese seizure of TSMC in Taiwan would be 'absolutely devastating'
WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo said Wednesday a Chinese invasion of Taiwan and seizure of chips producer TSMC would be "absolutely devastating" to the American economy. Asked at a U.S. House hearing about the impact, R...
5h ago
Reddit shares soar as earnings show advertising, AI licensing revenue potential
(Reuters) - Reddit shares soared 14% on Wednesday after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since its market debut. The company surprised Wall Street late on Tuesday w...
5h ago
Turkey's competition board to fine Meta $37.2 million in data-sharing probe
ISTANBUL (Reuters) - Turkey's competition board fined Meta Platforms 1.2 billion lira ($37.20 million) on Wednesday after concluding two separate investigations on data-sharing in its Facebook, Instagram, WhatsApp and Threads platforms. The board l...
5h ago
Emerson Electric boosts 2024 profit view on measurement tools demand
(Reuters) - Emerson Electric raised its full-year profit forecast on Wednesday on steady demand in its unit that makes valves, regulators and actuators, sending the engineering solutions firm's shares up about 2% in premarket trade. The company's m...
7h ago
SpaceX's unit Starlink secures Indonesia operating permit
JAKARTA (Reuters) - The satellite unit of Elon Musk's SpaceX, Starlink, has secured a permit to operate in Indonesia, its communications minister told Reuters on Wednesday. Starlink had obtained a permit to operate as an internet service provider f...
7h ago
Uber shares tumble as second-quarter forecast disappoints
By Yuvraj Malik (Reuters) -Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, sending it shares down nearly 7% before the bell. The weakness in a key metric that indicates th...
7h ago
Biden to unveil $3.3 billion Microsoft AI investment in battleground Wisconsin
By Andrea Shalal WASHINGTON (Reuters) - President Joe Biden will visit the political battleground state of Wisconsin on Wednesday to announce plans by Microsoft Corp to build a $3.3 billion high-tech data center that will create thousands of jobs, ...
7h ago
Intel flags revenue hit as U.S. revokes certain export licenses to Chinese customer
(Reuters) - Chipmaker Intel said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue. Intel did not disclose th...
8h ago
Poland says it was targeted by hacking attack from Russia-linked group APT28
WARSAW (Reuters) - Poland was targeted by a hacking attack from Russia-linked group APT28 this week, the state-run National Research Institute (NASK) said on Wednesday. (Reporting by Alan Charlish, Pawel Florkiewicz)
8h ago
SK Hynix to sell 50% stake in China foundry unit to Chinese enterprise -Korea Economic Daily
SEOUL (Reuters) - South Korea's SK Hynix has agreed to sell its nearly 50% stake in its foundry unit based in China to a Chinese state-owned enterprise, according to regulatory filings and media reports. SK Hynix System IC said in a regulatory fili...
8h ago