By Allison Lampert and Tim Hepher (Reuters) – Boeing and other top aerospace firms are scouring their supply chains to determine their exposure to a major fire last week at a Philadelphia-area parts factory that has set off alarm bells across the industry, people familiar with the matter said. The days-long fire at SPS Technologies’…
By Max A. Cherney and Arsheeya Bajwa (Reuters) -Nvidia forecast first-quarter revenue above Wall Street estimates on Wednesday, signaling strong demand for its market-leading artificial intelligence chips and said demand for its new Blackwell semiconductors was “amazing.” The company’s outlook for gross margin in the current quarter was slightly lower than expected, though, as the…
By Mike Scarcella (Reuters) – A leading attorney for billionaire Tesla CEO Elon Musk and embattled New York Mayor Eric Adams now has a standard billing rate of $3,000 an hour, placing him on the top shelf among even the priciest of Manhattan lawyers. Alex Spiro, known for his high-profile clientele and relentless litigation style,…
WASHINGTON – U.S. President Donald Trump’s approval rating held steady over the past week, according to a Reuters/Ipsos poll released on Tuesday that found 44% of respondents approved of his performance over his first month in office. The survey found that Americans’ attitudes toward Trump were essentially unchanged as he fired tens of thousands of…
By Jonathan Stempel (Reuters) – A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing…
By Shashwat Chauhan (Reuters) – Artificial intelligence-linked shares fell on Tuesday, in lead-up to AI bellwether Nvidia’s quarterly earnings, which could offer clarity on demand and justify the sector’s lofty valuations. Technology stocks globally sold off this week after a TD Cowen analyst note said Microsoft has canceled leases for sizeable data center capacity in…
By David Shepardson (Reuters) – New York City collected $48.6 million in revenue from the first month of its congestion pricing program that the Trump administration has moved to kill, a transit agency said. The Metropolitan Transportation Authority (MTA) said on Monday that in January the program reduced congestion and raised $48.6 million with $11.1…
By Aditya Soni and Stephen Nellis (Reuters) – Apple is scrapping its most advanced security encryption feature for cloud data in Britain, the company said on Friday, an unprecedented response to government demands for access to user data. The change affects a feature called Advanced Data Protection (ADP), which extends end-to-end encryption across a wide…
(Reuters) – Uber’s CEO Dara Khosrowshahi said on Friday that both he and the ride-hailing firm are supportive of U.S. President Donald Trump’s initiative to eliminate taxes on tips received by its drivers. “I think the President has said he believes in no taxes on tips generally. We think it’s a terrific idea and we…
By Jack Queen and Daniel Wiessner (Reuters) – The Trump administration can for now continue its mass firings of federal employees, a federal judge ruled on Thursday, rejecting a bid by a group of labor unions to halt President Donald Trump’s dramatic downsizing of the roughly 2.3 million-strong federal workforce. The ruling by U.S. District…
