(Reuters) – Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm, Bloomberg News reported on Friday. The iPhone maker is looking to ultimately overtake Qualcomm’s technology by 2027, the report said, citing people familiar with the matter. Qualcomm, a leading designer of…
(Reuters) – Meta Platforms Inc announced a deal on Thursday to buy the green credits from four large U.S. solar energy projects that will help the Facebook owner meet its clean electricity goals as its power needs surge. The agreement is the latest in a string of announcements Meta has made this year aimed at…
(Reuters) – Electric vehicles and plug-in hybrids are seeing concerns over their reliability easing but they still lag gas-powered vehicles, a survey by an influential U.S. non-profit organization showed on Thursday. EVs now have 42% more problems than their gas-powered counterparts, down from last year’s 79%, according to the Consumer Reports (CR) annual auto reliability…
(Reuters) – Alphabet’s Waymo said on Thursday it will expand its autonomous ride-hailing services to Miami, Florida, adding another city to its operations as it seeks to gain an edge in an increasingly competitive market. The company plans to introduce its vehicles to Miami’s streets early next year and aims to launch services to riders…
By Andy Sullivan WASHINGTON – Billionaire Elon Musk and former presidential candidate Vivek Ramaswamy met on Thursday with Republican lawmakers whose support they will need to win the sweeping spending cuts that President-elect Donald Trump has asked them to find. The two entrepreneurs have been named by Trump to a task force that aims for…
(Reuters) – New York City police were still searching for the man who killed UnitedHealth executive Brian Thompson outside a Midtown Manhattan hotel early Wednesday. Here is what is known about the incident, Thompson, and the suspect: WHAT HAPPENED? HOW DID THE SUSPECT ESCAPE? At about 6:45 a.m. ET on Wednesday, Thompson was walking from…
By Howard Schneider (Reuters) – Import tariffs during President-elect Donald Trump’s first term broadly lowered stock values on the day they were unveiled, and were associated with lower future profits, sales and employment for the firms whose equity prices were hit the hardest, new analysis by Federal Reserve Bank of New York staff concluded. Firms…
By Stephen Nellis (Reuters) – French electrical equipment maker Schneider Electric is working with Nvidia to develop designs for data center cooling systems for use in new artificial intelligence data centers, it said on Wednesday. Schneider’s designs will be used in data centres that use Nvidia’s flagship server containing 72 of its most powerful AI…
(Reuters) -Brian Thompson, the CEO of UnitedHealth’s insurance unit, was fatally shot in the chest on Wednesday morning outside the Hilton hotel in midtown Manhattan, the NY Post and Bloomberg reported, citing police sources. UnitedHealth did not immediately respond to a request for comment. The company canceled the remainder of an investor event in Manhattan…
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Japan’s Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said, despite strong U.S. opposition including from President-elect Donald Trump. “We will not give up on the deal… There is…
