By Wen-Yee Lee HSINCHU, Taiwan (Reuters) -Nvidia CEO Jensen Huang on Saturday said the semiconductor giant is experiencing “very strong demand” for its state-of-the-art Blackwell chips, as its appetite for wafers from TSMC grows. “Nvidia builds the GPU (graphics processing units), but we also build the CPU (central processing units), the networking, the switches, and…
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -The U.S. Army aims to buy at least a million drones in the next two to three years and could acquire anywhere from a half million drones to millions of them annually in the years that follow, U.S. Army Secretary Daniel Driscoll said. Driscoll detailed the major…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in history, which has caused disruptions ranging from food benefit payments to grounded flights. Still, the University of Michigan’s Surveys of Consumers…
By Mike Stone WASHINGTON (Reuters) -U.S. Secretary of Defense Pete Hegseth is expected to unveil sweeping changes to how the Pentagon purchases weapons on Friday, allowing the military to more rapidly acquire technology amid growing global threats. Hegseth plans to address industry leaders, military commanders and officials at the National War College, where he will…
By Aishwarya Jain (Reuters) -Vacation rental firm Airbnb forecast upbeat quarterly revenue after posting higher third-quarter results on Thursday, aided by strong bookings in markets such as Latin America and Asia Pacific. The San Francisco-based company has customized its platform for regional audiences, adding payment options and launching local marketing campaigns. Airbnb, whose shares rose 5.5%…
(Reuters) -Tesla’s UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the U.S. electric vehicle maker saw in other European countries. There were only 495 new Tesla UK registrations in the month, down 51% from the 1,013 registrations last year, the data showed. Tesla…
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms on Tuesday rejected a ruling by the French rights watchdog against its algorithm after allegations of discriminatory job advertisements on its social network Facebook. The independent watchdog Defenseur des Droits (Defender of Rights) in an October 10 ruling said Meta’s system treats Facebook users differently because of…
By Manya Saini and Niket Nishant (Reuters) -CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations. Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb, repeatedly hitting record highs and…
MANILA (Reuters) -The Philippines and Canada signed a pact on Sunday for their armed forces to train on each other’s soil, boosting defence cooperation to tackle common security concerns in the Indo-Pacific region. Canada’s first such deal in the region, the Status of Visiting Forces Agreement (SOVFA) takes to five the number of accords…
WASHINGTON (Reuters) -President Donald Trump wants to hear from the courts how to fund SNAP food aid benefits for needy Americans and payments could flow by Wednesday as ordered by a U.S. judge, Treasury Secretary Scott Bessent said on Sunday. Asked if that could be done to meet a federal judge’s order that partial payments…
