By Blake Brittain (Reuters) – A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist (OTC:NLST) $118 million in damages from Samsung Electronics (KS:005930) in a patent lawsuit over technology for improving data processing in high-performance memory products. The verdict follows a $303 million verdict against Samsung for Irvine, California-based Netlist in…
By Chibuike Oguh NEW YORK (Reuters) -Global stocks were set for a strong weekly gain on Friday while U.S. yields slipped as markets eyed the future policies of President-elect Donald Trump and its impact on the U.S. economy, even as bitcoin traded near the $100,000 threshold. Traders are bracing for Trump’s agenda after he takes…
By Siddharth Cavale (Reuters) – The head of Walmart (NYSE:WMT)’s $55-billion health and wellness division, who oversaw the company’s failed push into clinics, is leaving after less than two years in the role, an internal memo seen by Reuters showed. Brian Setzer, who has been executive vice president since February 2023 of the division, which…
By Echo Wang NEW YORK (Reuters) – Artificial intelligence cloud platform CoreWeave, is aiming for a valuation of more than $35 billion in its U.S. initial public offering that is expected to occur next year, people familiar with the matter told Reuters on Friday. Roseland, New Jersey-based CoreWeave is likely to target raising more than…
By Dhara Ranasinghe, Tom Westbrook and Hannah Lang NEW YORK/LONDON (Reuters) -Bitcoin touched a record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun worrying about rising U.S. debt, possible recession, and risks to global trade as among the top…
Investing.com– The Dow closed a fresh record high Friday, as the rotation into cyclical stocks including industrials continued to propel stocks higher amid weakness in tech. At 4.00 p.m. ET (2100 GMT), the Dow Jones Industrial Average gained 426 points, or 0.8% to close at a record of 44,296.51. The S&P 500 index rose 0.3%, while…
Investing.com — Procter & Gamble Company (NYSE:PG) share were up 2% at $176 on Friday, y after the consumer goods giant reaffirmed its strategy and fiscal 2025 guidance during its Investor Day in Cincinnati. Analysts at Deutsche Bank (ETR:DBKGn) and Jefferies said the company remained on a steady course, with no major surprises from the event—a…
By Alexandra Alper WASHINGTON (Reuters) -The Biden administration is set to unveil new export restrictions on China as soon as next week, the U.S. Chamber of Commerce told members in a Thursday email. The new regulations could add up to 200 Chinese chip companies to a trade restriction list that bars most U.S. suppliers from…
(Reuters) – A breach of telecoms companies that the United States said was linked to China was the “worst telecom hack in our nation’s history – by far”, the chairman of the Senate Intelligence Committee told the Washington Post on Thursday. Earlier this month, U.S. authorities said China-linked hackers had intercepted surveillance data intended for…
