Tag Archives: technology
ASMI beats revenue target with boost from China activities
By Victor Goury-Laffont (Reuters) - Semiconductor equipment manufacturer ASM International beat its third-quarter revenue guidance Tuesday, with a strong contribution from the Chinese market. The Dutc...
Oct 24, 2023
Dozens of U.S. states sue Meta Platforms for harming mental health of young people
(Reuters) - Dozens of U.S. states on Tuesday sued Meta Platforms and its Instagram unit, accusing them of contributing to a youth mental health crisis. In a complaint filed in a California federal cou...
Oct 24, 2023
Fund tracking inverse of bitcoin futures hits all-time low as cryptocurrency rallies
By Bansari Mayur Kamdar (Reuters) - The ProShares Short Bitcoin Strategy ETF, which allows traders to bet on a fall in bitcoin futures, hit a record low on Tuesday as the cryptocurrency surged on grow...
Oct 24, 2023
Nvidia says U.S. speeded up new export curbs on AI chips
(Reuters) -Chip designer Nvidia said new U.S. export curbs that block the sale of its high-end artificial intelligence chips to China came into effect on Monday as regulators advanced the timeline. Th...
Oct 24, 2023
Grayscale launches crypto indices in partnership with FTSE Russell
(Reuters) - U.S. digital currency asset manager Grayscale Investments on Tuesday introduced five crypto sector indices along with FTSE Russell, less than two months after winning a court backing to cr...
Oct 24, 2023
Italy backs calls for tech firms to help fund EU telecoms networks
ROME (Reuters) - Italy broadly supports proposals at European Union level to ensure that Big Tech firms partly finance telecoms infrastructure in the bloc, Industry Minister Adolfo Urso said in a stat...
Oct 24, 2023
Logitech feeling more confident after Q2 – CFO
ZURICH (Reuters) - Logitech International is feeling more optimistic after slowing its rate of sales decline and offsetting the downturn with cost cuts during its second quarter, Chief Financial Offic...
Oct 24, 2023
Corning’s shares fall as the Apple supplier forecasts Q4 core sales below estimates
(Reuters) - Corning forecast fourth-quarter core sales below market expectations on Tuesday, as the specialty glass maker grapples with slowing demand for its optical fibre cables from the telecom sec...
Oct 24, 2023
Payments firm Fiserv lifts profit forecast as Q3 earnings double on spending boost
(Reuters) - Fiserv raised its annual profit forecast on Tuesday after the payment services firm's third-quarter earnings nearly doubled on strong consumer spending. Consumer spending has stayed strong...
Oct 24, 2023
Shares in China’s iFlyTek tumble after reports AI-powered device criticised Mao
By Josh Ye HONG KONG (Reuters) - Shares in Chinese artificial intelligence (AI) firm iFlytek plunged by 10% on Tuesday after social media users accused an AI-powered device it sells to Chinese student...
Oct 24, 2023
