Nvidia shares hit an all-time high on Tuesday in a buildup in expectations over the quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence. The shares eased 1.1% from a record high of $481.87 hit minutes after the market opened, crossing its previous peak of $480.88 on […]
SoftBank Group-backed Arm Holdings’ annual revenue dropped 1% due to a slowdown in smartphone sales, the chip designer disclosed in its paperwork for a U.S. initial public offering (IPO) that is expected to be the largest listing of the year. Its stock market launch is expected to bring back to life a lackluster IPO market, […]
Facebook parent company Meta Platforms on Tuesday released an AI model capable of translating and transcribing speech in dozens of languages, a potential building-block for tools enabling real-time communication across language divides. The company said in a blog post that its SeamlessM4T model could support translations between text and speech in nearly 100 languages, as well […]
Elon Musk is pushing to change how news links appear on his social media platform X, formerly called Twitter, in a move that could potentially undermine the ability of news publishers to draw audience. X is planning to remove the headline and text while retaining just the lead image from links to news articles shared […]
Swedish lithium-ion battery producer Northvolt has raised $1.2 billion from investors including BlackRock and several Canadian pension plans as it prepares to build new factories in Europe and North America, its finance chief told Reuters. The fresh funding, through a convertible note, comes as investor demand for companies set to benefit from the move to a […]
Meta Platforms said on Tuesday it was launching the web version of its new text-first social media platform Threads, in a bid to retain professional users and gain an edge over rival X, formerly Twitter. Threads’ users will be able to access the microblogging platform by logging-in to its website from their computers, the Facebook and […]
3M Co said on Tuesday that Bryan Hanson would be the chief executive officer of the healthcare company it plans to spin off. 3M last year disclosed plans to spin off its healthcare business into a listed company, in which the U.S. industrial giant would retain a 19.9% stake. The company expects to complete the spinoff by the […]
Wall Street’s main indexes pared gains on Tuesday, as U.S. Treasury yields rose on growing worries about interest rates staying higher for longer, while gains in Nvidia shares fizzled out in the run up to the chip designer’s earnings. The yield on the 10-year Treasury note scaled over 15-year highs after a brief pullback, dragging […]
S&P Global followed Moody’s in cutting its credit ratings and outlook on multiple U.S. regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders. A relentless rate-hike campaign by the U.S. Federal Reserve has raised deposit costs at banks, which have been forced […]
There is increasing interest around the world in designing policies to curb carbon dioxide emissions, which are driven in large part by economic activity. This column identifies that the macroeconomic variables most related to the annual growth of per capita emissions in Spain from 1965 to 2020 were private consumption and maritime transport of goods. […]
