(Reuters) -The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning old infrastructure, the Interior Department said on Friday. In a statement, the agency said it would develop a new regulation, but did not give…
(Reuters) -Apple is partnering with Amazon-backed startup Anthropic on a new “vibe-coding” software platform that will use artificial intelligence to write, edit, and test code on behalf of programmers, Bloomberg News reported, citing people with knowledge of the matter. “Vibe coding” refers to a programming method where AI agents generate code, a concept gaining popularity…
(Reuters) – Nvidia has told some of its biggest Chinese customers that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without clashing with U.S. export rules, The Information reported on Friday. The chip giant has spoken with customers, including Alibaba Group, TikTok-parent ByteDance and Tencent…
By Ahmed Aboulenein WASHINGTON (Reuters) -The White House wants to reduce U.S. health spending by more than a quarter next year, with the National Institutes of Health and Centers for Disease Control and Prevention facing the brunt of billions of dollars in cuts. President Donald Trump’s administration on Friday proposed a $163 billion cut to…
(Reuters) -Roku forecast second-quarter revenue below Wall Street estimates on Thursday, as customers pull back spending amid an uncertain market environment, sending shares of the company down 4% in extended trading. Roku, the company whose streaming service saw major success during the pandemic, is now experiencing a slowdown as clients and brands tighten advertising budgets…
(Reuters) -Reddit forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital advertising spend on the social media platform despite uncertainty over marketing budgets, sending its shares up 19% in extended trading. The company is benefiting from its conversation placement ads format, where brands can advertise directly within discussion threads taking place…
By Stephen Nellis and Akash Sriram SAN FRANCISCO (Reuters) -Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump. The Cupertino, California-based company said its sales and profit for the fiscal second quarter ended…
By Deborah Mary Sophia and Greg Bensinger (Reuters) – Amazon.com reported first-quarter growth in its cloud unit that missed analyst estimates on Thursday, sending shares lower, despite forecasting optimistic companywide sales in the current period. Amazon forecast second-quarter sales largely above estimates, a reassuring sign to investors that the e-commerce company would navigate tariff-related uncertainty….
By Jody Godoy WASHINGTON (Reuters) -The House Judiciary Committee reversed course on a proposal to remove the U.S. Federal Trade Commission’s antitrust authority on Wednesday, days after its Republican leadership included the measure in a budget package. The House panel led by U.S. Representative Jim Jordan, a Republican, had included the proposal in its budget…
(Reuters) – JPMorgan Chase has appointed Andrew Kresse and Brian Lamb to lead two key sectors in its commercial banking business, the largest U.S. lender said on Wednesday, as it continues to reorganize the unit. The move follows a greater leadership reshuffle in February in which Melissa Smith and Matt Sable were appointed co-heads of…
