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Recent Articles from Reuters
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
IBM warns that ai infrastructure spending is cutting into software budgets, forecasting weaker revenue growth and causing shares to fall sharply.
Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop
Wall Street declines led by tech shares as renewed U.S.-Iran tensions push oil prices higher and dampen investor risk appetite.
Fed’s Waller says rate hike may be needed if core inflation stays hot
Federal Reserve Governor Christopher Waller warns of a possible near-term rate hike if core inflation remains above the 2% target amid rising price pressures.
Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels
HOUSTON, July 13 (Reuters) – Oil prices settled up more than 9% on Monday at a one-month high after news that a United States’ naval blockade due to begin on Tuesday will cover Iran’s entire coastline, ports and oil terminals, as well as all vessels regardless of flag, reigniting concerns over energy shipments through the […]
White House to rally utilities, data centers for AI power cost pledge, sources say
WASHINGTON, July 13 (Reuters) – The White House plans to bring together utility companies and data center developers to make a voluntary pledge designed to ensure that rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the plans. An event […]
California, 11 states suing to block Paramount’s $110B Warner Bros deal
NEW YORK/LOS ANGELES, July 13 (Reuters) – California and 11 states are suing to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harming theaters and TV distributors. The lawsuit is a serious threat to Paramount CEO David Ellison’s bid to transform his […]
Trump: Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo
WASHINGTON, July 13 (Reuters) – President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz after Tehran claimed it had closed the vital waterway. “The Hormuz Strait is OPEN, and will remain OPEN, with […]
Trump says the US should control the Strait of Hormuz and get paid for it
President Donald Trump said the US would likely control the Strait of Hormuz and should be reimbursed for guarding the vital waterway amid rising tensions.
Wall Street ends higher as investors turn to earnings season
Wall Street ended higher as SK Hynix's blockbuster Nasdaq debut boosted investor optimism about memory chip makers.
OpenAI’s AGI deployment chief Fidji Simo to step down after medical leave
After an extended medical leave for a neuroimmune condition, OpenAI CEO of AGI deployment Fidji Simo will step down from her full-time role.
