AMD to buy cloud startup Pensando for $1.9 billion in data center push

Signs of AMD are seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register April 4 (Reuters) – Chip designer Advanced Micro Devices (AMD.O) said on Monday it would acquire cloud startup Pensando for $1.9 … Read more

S&P 500, Nasdaq climb as growth stocks, Twitter jump

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake US-listed Chinese companies surge Indexes: Dow flat, S&P rises 0.47%, Nasdaq gains 1.56% April 4 (Reuters) … Read more

WHO suspends UN supply of Bharat Biotech’s Covaxin vaccine for COVID-19

April 2 (Reuters) – The World Health Organization said on Saturday it has suspended supply through United Nations agencies of COVID-19 vaccine Covaxin, produced by India’s Bharat Biotech, to allow the manufacturer to upgrade facilities and address deficiencies found in an inspection. The WHO asked countries that have received the vaccine to take appropriate actions, … Read more

Wall St edges up as payrolls report keeps Fed on track

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 30, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Unemployment drops to 3.6% vs estimate of 3.7% Nonfarm payrolls rose by 431,000 jobs last month GameStop seeks share split amid renewed meme-stock hype … Read more

Deliberate infection trial finds COVID symptoms don’t indicate viral shedding

A 3D-printed coronavirus model is seen in front of the words coronavirus disease (Covid-19) on display in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register April 1 (Reuters) – The world’s first “human challenge” trial in which volunteers were deliberately exposed to the coronavirus has … Read more

GameStop seeks share split amid renewed meme-stock hype

A GameStop store is pictured in the Manhattan borough of New York City, New York, US, January 29, 2021. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register March 31 (Reuters) – Video game retailer GameStop Corp (GME.N) said on Thursday it would seek shareholder approval for a stock split, aiming to … Read more

Ford, GM to halt production at two Michigan plants due to parts shortage

March 31 (Reuters) – Ford Motor Co (FN) and General Motors (GM.N) will each halt production next week at a Michigan plant due to parts shortages, the two companies said separately on Thursday. No. 2 US automaker Ford said it would suspend production at its Flat Rock Assembly Plant next week, where it builds the … Read more

Intel CEO earned 1,711 times more than average company worker in 2021

March 30 (Reuters) – Intel Corp (INTC.O) Chief Executive Officer Pat Gelsinger earned 1,711 times as much as the average worker at the US chipmaker in just 11 months since he joined in February last year, a regulatory filing showed on Wednesday. Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than … Read more

Dow, S&P close lower after 4 days of gains as Russia bombs Ukraine

The logo for the New York Stock Exchange (NYSE) is displayed on the floor of the NYSE in New York City, US, March 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US bond market spurs recession worry Private payrolls increased by 455,000 jobs in March Dow down 0.19%, S&P 500 … Read more

Vietnam’s Vinfast to build $2 bln electric vehicle factory in US

HANOI/SAN FRANCISCO, March 29 (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs . The unit of Vietnam’s biggest conglomerate Vingroup (VIC.HM), said it plans … Read more