S&P 500 ekes out slim gain as investors weigh elevated yields

S&P 500 ekes out slim gain as investors weigh elevated yields

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights US durable goods orders unexpectedly rise in Aug Utilities slide among S&P sectors, energy gains Costco rises after revenue, profit top estimates Indexes: Dow down 0.2%, S&P up 0.02%, … Read more

Apple supplier Pegatron to halt ops at India plant for second day after fire

Apple supplier Pegatron to halt ops at India plant for second day after fire

Employee buses enter the Pegatron facility near Chennai, India, March 7, 2023. REUTERS/Praveen Paramasivam/File Photo Acquire Licensing Rights CHENNAI, Sept 25 (Reuters) – Apple (AAPL.O) supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhones for a second straight day at its south India factory where … Read more

Amazon steps up AI race with up to $4 billion deal to invest in Anthropic

Amazon steps up AI race with up to $4 billion deal to invest in Anthropic

SAN FRANCISCO, Sept 25 (Reuters) – Amazon.com (AMZN.O) on Monday said it will invest up to $4 billion in cash in the high-profile startup Anthropic, in its effort to compete with growing cloud rivals on artificial intelligence. Amazon’s employees and cloud customers will gain early access to technology from Anthropic as part of the deal, … Read more

US stocks end sharply lower, Treasury yields spike on hawkish Fed outlook

US stocks end sharply lower, Treasury yields spike on hawkish Fed outlook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Weekly jobless claims drop 9% FedEx gains on surprise profit beat Broadcom down on report Google to replace co as AI chip supplier NEW YORK, Sept 21 (Reuters) – Wall … Read more

Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival

Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival

[1/2]A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 20 (Reuters) – Marketing automation firm Klaviyo’s (KVYO.N) shares closed well below their first-day high on Wednesday, while a slump in the stocks of Arm … Read more

Russia’s Detsky Mir completes transformation into a private business

Russia’s Detsky Mir completes transformation into a private business

A board, showing the logo of Russian children’s goods retailer Detsky Mir, is on display outside its store in Moscow, Russia, February 10, 2017. REUTERS/Maxim Shemetov Acquire Licensing Rights MOSCOW, Sept 20 (Reuters) – Russia’s largest children’s toy retailer Detsky Mir (DSKY.MM) said on Wednesday it had completed its transformation into a private business, ending … Read more

Apple moves to defuse French iPhone 12 dispute as EU scrutiny steps up

Apple moves to defuse French iPhone 12 dispute as EU scrutiny steps up

Apple says will issue software update to iPhone12 in France France says update should allow for resumed iPhone 12 sales Apple says it still disputes French radiation findings Belgium says asked Apple for EU-wide software update Belgium sees no danger for users, Denmark says not concerned PARIS, Sept 15 (Reuters) – Apple (AAPL.O) pledged on … Read more

SoftBank’s Arm set for Nasdaq debut after biggest US IPO since 2021

SoftBank’s Arm set for Nasdaq debut after biggest US IPO since 2021

Sept 14 (Reuters) – SoftBank’s chip designer Arm Holdings (ARM.O) is set to debut on the Nasdaq on Thursday, in what could be the biggest test for initial public offerings (IPOs) in the United States after a listing drought that lasted for nearly 16 months. The company has secured a valuation of $54.5 billion after … Read more

Apple disputes French findings, says iPhone 12 meets radiation rules

Apple disputes French findings, says iPhone 12 meets radiation rules

France orders Apple to stop selling iPhone 12s Watchdog says tests showed radiation levels breach EU rules Apple says phone complies with all global radiation standards PARIS, Sept 13 (Reuters) – Apple (AAPL.O) defended its iPhone 12 model on Wednesday after a French watchdog ordered a halt to its sales citing breaches of European Union … Read more

Apple unveils iPhone 15 Pro with titanium case, holds line on prices

Apple unveils iPhone 15 Pro with titanium case, holds line on prices

[1/11]New iPhone 15 and iPhone 15 Plus are displayed during the ‘Wonderlust’ event at the company’s headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott Acquire Licensing Rights CUPERTINO, California, Sept 12 (Reuters) – Apple (AAPL.O) on Tuesday unveiled a new iPhone 15 Pro with a titanium case and faster chip that enables better … Read more