By Brendan Pierson U.S. foreign aid organizations suing President Donald Trump’s administration over its freeze of nearly all foreign aid…
Month: March 2025
Elon Musk’s xAI buys new property in Memphis amid supercomputer expansion
(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis…
Robinhood paying $29.75 million to end US regulator’s probes
By Jonathan Stempel (Reuters) -Robinhood Markets, the online trading platform, agreed to pay $29.75 million to resolve several Financial Industry…
Boeing ties employee incentive plan to company-wide performance
SEATTLE (Reuters) – Annual bonuses for more than 100,000 Boeing employees this year will be tied to company-wide performance, rather…
Broadcom forecasts strong second quarter on upbeat AI chip demand
By Zaheer Kachwala (Reuters) – Broadcom forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial…
Marvell’s shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears
By Arsheeya Bajwa (Reuters) -Marvell Technology’s shares closed down 19.8%, marking their worst day in more than two decades and…
Walgreens to be taken private by Sycamore in $10 billion deal
By Sabrina Valle and Abigail Summerville (Reuters) -Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion,…
Trump hails $20 billion investment by shipping firm CMA CGM
WASHINGTON (Reuters) – U.S. President Donald Trump on Thursday said French-based shipping firm CMA CGM would invest $20 billion in…
Chip stocks lead selloff on Wall St; tariffs in focus
By Johann M Cherian and Sukriti Gupta (Reuters) – Wall Street’s main indexes fell on Thursday, led by a decline…
Microsoft to invest $300 million more in South Africa’s AI infrastructure
By Nqobile Dludla JOHANNESBURG (Reuters) -Microsoft will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027…