Sept 3 (Reuters) – Nvidia on Thursday said Lenovo and Acer will launch the first Windows PCs powered by its RTX Spark chip in October, as the chip giant pushes to bring AI capabilities directly to laptops and desktop computers. Tech giants are increasingly pushing for on-device AI to cut the cost of
By Nora Eckert DETROIT, Sept 3 (Reuters) – Volkswagen announced on Thursday it was exploring new SUV and pickup offerings for North America, the latest example of how automakers are increasingly relying on region-specific strategies to confront trade tensions and varying consumer appetites. • The Ge
By Foo Yun Chee BRUSSELS, Sept 3 (Reuters) – Companies at risk of penalties for being anti-competitive may be able to justify their dominance if their business practices are sustainable, EU regulators said on Thursday in revised guidelines. The Commission, which acts as the European Union’s competit
NEW YORK (AP) — Precisely 180 years ago, a handful of New York news executives looking to save money on coverage had an idea. Today, it is called The Associated Press. Five newspaper publishers in New York City agreed in 1846 to pool resources in order to speed the delivery of news about the U.S. wa
SANTA MONICA, Calif. (AP) — The Trump administration is ratcheting up its fight to get more crude flowing through California and reverse the state’s efforts to move away from fossil fuels. Its latest salvo is a federal review of California’s coastal management program, which is run largely by a stat
Chipmaker Nvidia is buying artificial intelligence software platform Hugging Face for $12.93 billion. Nvidia CEO Jensen Huang wrote in a blog post Thursday that more than 18 million developers, researchers and creators use Hugging Face to share more than 3 million models, 500,000 data sets and 1 mil
WASHINGTON, Sept 3 (Reuters) – U.S. services sector activity picked up in August as strong demand lifted new orders to a 3-1/2-year high and drove input prices higher, suggesting inflation could remain elevated and compel the Federal Reserve to hike interest rates before the end of this year. The In
Sept 3 (Reuters) – Blackstone is continuing to cap withdrawals at its flagship private credit fund in the third quarter as requests to pull money remain elevated, according to a regulatory filing on Thursday. Investors sought to pull $4.3 billion, or 10% of shares, in the third quarter from Blacksto
WASHINGTON, Sept 3 (Reuters) – U.S. worker productivity growth picked up in the second quarter, the government confirmed on Thursday, helping to keep labor costs in check. Nonfarm productivity, which measures hourly output per worker, increased at an unrevised 1.4% annualized rate last quarter the L
By Michael S. Derby and Howard Schneider WASHINGTON, Sept 3 (Reuters) – Federal Reserve Governor Christopher Waller said on Thursday that if upcoming data confirms inflation pressures are cooling off, he is inclined to argue in favor of keeping interest rates steady at the U.S. central bank’s next p
WASHINGTON (AP) — A plan by the Environmental Protection Agency could make it harder for the public to learn about and comment on proposed AI data centers that have sparked backlash in communities across the United States and transformed the midterm election landscape. The EPA proposal would elimina
Sept 3 (Reuters) – Campbell’s issued annual forecasts below estimates and cut its quarterly dividend by more than a third as it struggles with weak demand for its pricier snacks and pantry condiments, sending its shares down 7% before the bell on Thursday. The soup maker said it had closed some plan
Sept 3 (Reuters) – EV maker Polestar on Thursday cut its full-year delivery forecast, hurt by Washington’s crackdown on Chinese-linked vehicles that forced it out of the United States, sending its shares down 5.7% in premarket trading. The Swedish company, which is majority-owned by China’s Geely Ho
Sept 3 (Reuters) – U.S. stock index futures were muted on Thursday, as higher oil prices and the prospect of an escalating war in the Middle East kept investors on tenterhooks. The moves could add to the gloom that has crept into markets after the latest round of military strikes between the U.S. an
By Helen Coster and Dawn Kopecki NEW YORK, Sept 3 (Reuters) – Less than a year ago, Texas Governor Greg Abbott hailed Texas as the “epicenter of AI development.” Now, in his bid for re-election, he is calling for sweeping new restrictions on data centers. And he’s hardly alone. Across the country, a
By Gertrude Chavez-Dreyfuss NEW YORK, Sept 3 (Reuters) – A recent rise in Treasury yields in part reflects growing investor bets that an obscure, theoretical rate consistent with stable growth and inflation is moving higher. Some believe the so-called R-star, which is a rate that neither stimulates
MBALE, Uganda (AP) — Ugandan authorities on Wednesday named the country’s prospective crude oil blend “Pearl Sweet,” marking a milestone as the East African country gears up for commercial production by the end of the year. Officials announced the name at a remote oil infrastructure site, celebratin
OSLO, Norway (AP) — Norwegian authorities seized a Russian vessel in the Arctic archipelago of Svalbard on Wednesday at the request of Ukraine’s Naftogaz as part of a global effort to enforce a $4.22 billion arbitration award. Naftogaz is trying to recover the multibillion-dollar arbitration award s
Sept 3 (Reuters) – Snowflake’s shares surged more than 24% before the bell on Thursday as investors cheered a stronger annual revenue forecast and signs that the company’s AI products are gaining traction. The cloud data platform provider lifted its fiscal 2027 product revenue forecast on Wednesday
HONG KONG (AP) — Oil prices slipped Thursday after recent gains, with Brent crude trading near $95 a barrel, while Asian shares mostly advanced. U.S. futures edged higher. Renewed fighting between the U.S. and Iran pushed oil prices sharply higher earlier in the week. But U.S. President Donald Trump
By Francesco Guarascio and Phuong Nguyen HANOI, Sept 3 (Reuters) – Vietnamese electric taxi operator Green and Smart Mobility (GSM), a partner of VinFast, the country’s largest carmaker, plans to expand into the U.S. and Europe ahead of a targeted 2028 initial public offering in Hong Kong, the compa
A look at the day ahead in European and global markets from Rocky Swift Battered bond markets licked their wounds on Thursday, with yields in the U.S. and Japan edging lower, but little has changed to improve the overall picture for debt investors. Oil prices remain above $90 a barrel as the U.S. an
By Rae Wee SINGAPORE, Sept 3 (Reuters) – The yen extended gains on Thursday after a sudden burst higher in the previous session, though traders stopped short of attributing the move to Japanese authorities and instead pointed to a hawkish repricing of domestic rate expectations. The yen rose sharply
By Sam Li and Colleen Howe BEIJING, Sept 3 (Reuters) – Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the U.S. and Iran that risk disrupting supplies from the Middle East. Brent crude futures fell 59 cents, or 0.62%, to $95.04 a barrel at
TOKYO, Sept 3 (Reuters) – Japan’s services sector expanded at its fastest pace in five months in August, as stronger domestic demand lifted business activity and new work, a private survey showed on Thursday. • The S&P Global final Japan Services Purchasing Managers’ Index (PMI) rose to 52.5 in Augu
By David Lawder ASHEVILLE, North Carolina, Sept 2 (Reuters) – Ballooning debt and rising bond yields in advanced economies are threatening to undo developing and low-income countries’ progress in reining in their own debts, International Monetary Fund Managing Director Kristalina Georgieva told Reut
(Corrects day in lede to Tuesday from Wednesday) Sept 2 (Reuters) – The U.S. Department of Justice said in a post on social media platform X on Tuesday that its antitrust division has expanded an investigation on beef affordability to add eight major retailers, including Walmart and Costco. The Asso
Sept 2 (Reuters) – Nscale is telling prospective investors it has about $103 billion of total contracted revenue ahead of an initial public offering that could come as soon as this month, The Information reported on Wednesday, citing documents shared with the investors. Reuters had reported in late
SAO PAULO, Sept 2 (Reuters) – Brazilian steelmaker CSN said on Wednesday that Benjamin Steinbruch, a member of the family who controls the company, is leaving the position of chief executive officer he has held since 2002. He will be replaced by Fabio Schvartsman, a former CEO of mining firm Vale, a
Sept 2 (Reuters) – Hershey on Wednesday named insider and industry veteran Dave Hulays as its finance chief, as the Reese’s chocolates maker navigates a tough macroeconomic environment while benefiting from robust demand and higher prices. Hulays, who joined Hershey in 2012, takes charge from Steve
