(Reuters) – Applied Digital reported third-quarter revenue below Wall Street estimates on Monday due to a slowdown in the datacenter hosting business, sending shares of the company down 11% in extended trading. The data center operator said its board has approved plans for a potential sale of the cloud services business segment, as it looks…
(Reuters) – A U.S. judge has ruled that Google illegally monopolized digital advertising markets, paving the way for a break up of the internet empire that was started out of a Stanford University dormitory nearly 27 years ago. Google’s platform for advertisers, closely tied to the online search unit, is a core driver of its…
(Reuters) – Ford Motor may raise prices of its new vehicles in May if U.S. President Donald Trump’s auto tariffs are not eased, Automotive News reported on Wednesday, citing a memo to dealers. Both U.S. and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and…
By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday high uncertainty in the U.S. economy right now argues for the central bank to hold steady on interest rate policy and take in more information before deciding what needs to happen next. “Given the economy’s starting point, and with…
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines forecast lower-than-expected profit for the current quarter on Tuesday and warned of downside risks to its full-year outlook if the U.S. economy slips into a recession. The Chicago-based airline expects an adjusted profit in the range of $3.25 a share to $4.25 per share in the quarter…
By Svea Herbst-Bayliss and Arsheeya Bajwa (Reuters) -Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday. Elliott, one of the world’s biggest activist investors, now ranks among the information technology company’s biggest investors and plans to engage…
OTTAWA (Reuters) – Canada will allow some relief to domestically-based automakers and manufacturers in specific sectors from counter-tariffs provided they meet certain conditions, the Finance Ministry said on Tuesday. Canada has slapped a range of counter-tariffs on the U.S. in response to President Donald Trump’s tariffs on steel, aluminum, cars and auto parts. Some industry…
(Reuters) -OpenAI is working on its own X-like social media network, the Verge reported on Tuesday, citing multiple sources familiar with the matter. There is an internal prototype focused on ChatGPT’s image generation that has a social feed, the report said. OpenAI CEO Sam Altman has been privately asking outsiders for feedback about the project,…
By Sybille de La Hamaide PARIS – Global wine production and consumption fell in 2024 to their lowest in decades, as extreme weather and high prices weighed on the sector, the International Organisation of Vine and Wine, known as the OIV, said on Tuesday. Adding to the challenges, wine producers around the world are under…
(Reuters) – U.S.-based buyout firm Atlas Holdings is in advanced talks to take over Banknote printer De La Rue for about 130 pence per share, Sky News reported on Monday. The deal recommended by De La Rue’s board was likely to be announced as early as Tuesday morning, the report added, citing a shareholder. The…
