Super Micro shares surge as AI boom drives 100,000 quarterly GPU shipments
(Reuters) – Super Micro Computer said on Monday it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of
US job growth blows past expectations, unemployment rate falls to 4.1%
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing
Fed seen slowing rate-cut pace after strong US jobs data
(Reuters) – A surge in job growth last month will allow the Federal Reserve to eschew any further big interest-rate reductions and stick to gradual
Meta, challenging OpenAI, announces new AI model that can generate video with sound
By Katie Paul NEW YORK (Reuters) -Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create
Investors look to earnings to support record-high stock prices
By Lewis Krauskopf NEW YORK (Reuters) – A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly
Rivian lowers annual production forecast due to parts shortage
(Reuters) -Rivian said on Friday it slashed its full-year production forecast and delivered fewer vehicles in the third quarter than analysts had expected, as the
Spirit Airlines shares plunge on report of potential bankruptcy filing
(Reuters) – Spirit Airlines shares slumped 40% before the bell on Friday after the Wall Street Journal reported that the ultra-low-cost carrier was in talks
Alphabet’s Waymo to expand robotaxi fleet with Hyundai EVs
By Abhirup Roy SAN FRANCISCO (Reuters) – Alphabet’s Waymo will add electric vehicles from South Korea’s Hyundai Motor to its robotaxi fleet, the companies said
J&J discontinues dengue drug study
(Reuters) -Johnson & Johnson said on Friday it will discontinue a mid-stage field study evaluating the efficacy of its antiviral drug candidate for the prevention
Amazon plans to hire 250,000 workers for the holidays, same as last year
By Arriana McLymore NEW YORK (Reuters) – Amazon plans to hire 250,000 transportation and warehouse workers this holiday shopping season, the same number as last