Apple unveils iPhone 14 with SOS satellite, Ultra Watch for outdoors

Join now for FREE unlimited access to Reuters.com Register September 7 (Reuters) – Apple Inc. (AAPL.O) introduced new iPhone 14 models capable of using satellites to send emergency messages and an adventure-focused Ultra Watch for sports like diving and triathlons. Outward-focused products will test whether Apple’s relatively affluent customer base will continue to spend in … Read more

Wall Street ends its busy post-summer session in the red

Join now for FREE unlimited access to Reuters.com Register ISM service sector data beats estimates Bed Bath & Beyond shares sink after death of CFO Wall St emerges from three straight weeks of decline Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74% NEW YORK, Sept 6 (Reuters) – Wall Street’s major indexes closed … Read more

US authorities order Nvidia to suspend sales of top AI chips to China

Join now for FREE unlimited access to Reuters.com Register September 1 (Reuters) – Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told him to stop exporting two leading computer chips for artificial intelligence work to China, a move that could cripple the ability of Chinese companies to do advanced work like reconnaissance … Read more

Wall St falls for 3rd consecutive session on concerns over Fed rate hikes

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 29, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Best Buy sales beat estimates as discounts drive demand July job openings up sharply Dow down 1.02%, S&P 500 down 1.22%, Nasdaq down 1.45% … Read more

Wall Street ends well as Powell speech affirms hawkish rate stance

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register Fed will continue to tighten until inflation is under control – Powell Core PCE rises 0.1% in July compared to a rise of 0.6% … Read more

South Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in prison for bribery Businessmen have been convicted in the scandal that killed a president S. Korea says leaders must help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korean President Yoon Suk-yeol has pardoned Samsung Electronics (005930.KS) On Friday, … Read more

Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices punished … Read more

Amazon’s connected device cart expands with $1.7 billion deal for Roomba maker

August 5 (Reuters) – Amazon.com Inc. (AMZN.O) will acquire iRobot Corp (IRBT.O)maker of the Roomba robotic vacuum cleaner in a cash deal worth around $1.7 billion in the world’s biggest online retailer’s latest attempt to expand its stable of devices smart home. Amazon will pay $61 per share, valuing iRobot at a 22% premium to … Read more

EXCLUSIVE Tencent seeks to increase stake in ‘Assassin’s Creed’ maker Ubisoft – sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in the French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired … Read more

US plans to crack down on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of U.S. chipmaking equipment to memory chipmakers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter. as part of a bid to stop China’s semiconductor industry from advancing and protecting American companies. If President Joe … Read more