US to hold hearing on China’s efforts to boost semiconductor industry

WASHINGTON (Reuters) – The U.S. Trade Representative’s Office will hold a hearing on Tuesday into older Chinese-made “legacy” semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. The probe, which was started under President Joe Biden in December, aims to protect…

Read More

Reddit unveils new content moderation and analytics tools to boost user engagement

(Reuters) -Reddit on Thursday launched tools aimed at helping people adhere to community rules and better understand content performance, its latest step to boost engagement on the platform. The announcement follows a recent slowdown in quarterly user growth due to a change in Google’s algorithm that impacted traffic from the search engine. The traffic from…

Read More

US authorities begin releasing some seized cryptocurrency miners, industry executives say

By AJ Vicens and Raphael Satter DETROIT (Reuters) – U.S. authorities have in recent weeks begun releasing seized Chinese-made equipment used for cryptocurrency mining, two industry executives told Reuters. Cryptocurrency miners – basically souped-up computers with advanced chips – compete with one another to solve mathematical puzzles, a process which helps build the blockchains underpinning…

Read More

Tariffs would need to be in place for years to alter US-Canada crude flows, Enbridge says

By Amanda Stephenson CALGARY (Reuters) -Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern neighbour, the CEO of Canadian pipeline company Enbridge Inc. said on Tuesday. CEO Greg Ebel told reporters the energy systems of the two countries are…

Read More

Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing

By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave’s revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the startup presses ahead with the first major artificial intelligence listing in New York this year. The filing lays the groundwork for what could be one of…

Read More

Pfizer could use existing US manufacturing to counter potential tariff hit

By Christy Santhosh (Reuters) -Pfizer CEO Albert Bourla said on Monday the drugmaker might move overseas manufacturing to its existing plants in the United States, if required, as the Trump administration threatens numerous tariffs on imported goods. Bourla’s comments come as drugmakers brace for the possibility of 25% tariff on pharmaceutical imports. A company with…

Read More

Tesla rises 2% as Morgan Stanley backs AI, robotics efforts with ‘top pick’ status

By Kanchana Chakravarty and Aditya Soni (Reuters) – Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company’s artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles. The note dated Sunday was the latest from analyst Adam…

Read More

Fox CEO expects new streaming service to attract users in mid-single-digit millions

(Reuters) – Fox Corp’s upcoming subscription streaming service is expected to draw subscribers in the mid-single-digit millions range, CEO Lachlan Murdoch said on Monday at the Morgan Stanley Technology, Media & Telecom Conference. Fox is planning to launch the yet-to-be-named service by the end of 2025 to diversify its revenue streams and attract an audience…

Read More