Broadcom launches new Tomahawk Ultra networking chip in AI battle against Nvidia
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s chip unit unveiled on Tuesday a new networking processor that aims to…
Business
Omnicom tops revenue estimates on strong growth in advertising unit
(Reuters) -Advertising firm Omnicom on Tuesday beat Wall Street estimates for the second quarter, fueled by growth in its advertising…
Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says
By Elisa Anzolin and Juby Babu (Reuters) -Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a…
US FTC demands better policing of ‘Made in USA’ online sales claims
By Jonathan Stempel (Reuters) -The U.S. Federal Trade Commission on Tuesday called on Amazon.com and Walmart to crack down on…
US winds down exports of LPG to Venezuela, Treasury says
WASHINGTON (Reuters) -The Trump administration on Monday wound down a license allowing shipments of liquefied petroleum gas (LPG) to Venezuela’s…
US proposes rules that could boost oil, gas output in US West
WASHINGTON (Reuters) -The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil…
Exxon signals lower oil, gas prices could hit second-quarter profit
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter…
Nvidia briefly on track to become world’s most valuable company ever
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it…
Figma reveals revenue, profit growth in US IPO filing
(Reuters) -Figma disclosed higher revenue and profit for the quarter ended March 31, as the cloud-based designer platform prepares to…
HSBC raises average gold price forecasts for 2025 and 2026
(Reuters) -HSBC raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to…