By Niket Nishant (Reuters) – Trading app Robinhood Markets is lowering the rate of interest it charges on its margin loans, it said on Tuesday,
Category: Business
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful new model, the Financial Times
Microsoft talks up tools for making AI software
By Max A. Cherney SEATTLE (Reuters) – Microsoft talked up new tools on Tuesday aimed at encouraging programmers to build the AI-focused technology into Windows-related
Palo Alto Networks forecasts quarterly billings above estimates
(Reuters) – Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for
JPMorgan expects rising interest income while citing economic risks
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) -JPMorgan Chase predicted it would earn more income from elevated U.S. interest rates despite uncertainty hanging
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318)
Reddit stock jumps after OpenAI partnership
(Reuters) – Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users
Bitcoin ETFs drew bets from Millennium Mgt, Wisconsin Retirement System in Q1
By Suzanne McGee and Hannah Lang (Reuters) – A handful of hedge funds, including Millennium Management LLC, and other asset managers are among the institutions
Investors reach for riskier assets as fear seeps out of markets
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines
Disney to dramatically cut spending for traditional TV networks
By Lisa Richwine (Reuters) – Walt Disney will cut its investment in programming for traditional television networks pretty dramatically as the company navigates the consumer