(Reuters) – The sports-streaming service set to be launched by Walt Disney Co, Warner Bros Discovery and Fox Corp will be called Venu Sports and is on track for launch this fall, Pete Distad, the venture’s CEO, said on Thursday. Announced in February, the service will try to woo younger viewers who are not tuned…
Shares of Netflix, Inc. ( NASDAQ:NFLX ) are rising Friday after the company announced a significant change to its stock. What To Know: Netflix…
By Arsheeya Bajwa TAIPEI (Reuters) – Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia. At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which…
(Reuters) -U.S. prosecutors are examining financial transactions at Block, NBC News reported on Wednesday, citing two people with direct knowledge of the matter. NBC reported that federal prosecutors were discussing with a former employee alleged widespread compliance lapses at Square and Cash App, the company’s two main units. Areas under investigation include whether the company…
By Jasper Ward WASHINGTON (Reuters) – A New Hampshire man charged with threatening to kidnap and injure Republican presidential candidates last year has been found dead, a U.S. attorney said in a court filing on Thursday. The jury had began their deliberations this week in the trial of Tyler Anderson, who had been accused of…
By Fanny Potkin SINGAPORE (Reuters) – Nvidia’s most advanced AI chip it developed for the China market has got off to a weak start, with abundant supply forcing it to be priced below a rival chip from Chinese tech giant Huawei, according to sources familiar with the matter. The flattening prices underscore the challenges Nvidia’s…
By Brendan Pierson (Reuters) -A federal judge has struck down parts of a North Carolina law restricting patients’ access to the abortion pill mifepristone, which has become the subject of legal battles nationwide. Chief U.S. District Judge Catherine Eagles on Tuesday struck down the state’s requirements that mifepristone be prescribed only by doctors and only…
BEIJING (Reuters) – A decision by the Trump administration to sanction China’s Xiaomi Corp in early 2021 was the catalyst for the company’s decision to build its first electric car, CEO Lei Jun said on Friday. Best known for its smartphones and home appliances, Xiaomi entered China’s crowded EV market this year, part of its…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose on Tuesday, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the world’s largest economy, both suggesting that the central bank will not be in a rush to kickstart its rate-cutting cycle. The greenback firmed against…
(Reuters) -ConocoPhillips on Wednesday agreed to buy Marathon Oil in a $22.5 billion all-stock deal, the latest in a series of mega-deals in the oil and gas industry as companies look to bolster reserves. The U.S. oil and gas industry has been riding a consolidation wave over the last two years. Last year was one…
