(Reuters) -Micron Technology forecast third-quarter revenue and posted second-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used by the AI industry. The company’s shares rose nearly 5% in after-hours trading, following a 9% increase earlier this month on investor optimism that Micron would benefit from artificial…
(Reuters) – FedEx Corp lowered its full-year revenue and profit forecast on Thursday, as the parcel delivery firm seeks new business after its contract with its largest customer, the United States Postal Service, ended last year. The company expects its full-year revenue to be flat to slightly down year over year, compared to the prior…
PARIS (Reuters) -Ukraine’s President Volodymr Zelenskiy will be in Paris next week to hold talks with key European leaders and discuss ongoing efforts to end the war, security assurances for Kyiv and how to boost aid for his country, two diplomats said. The diplomats said Zelenskiy would arrive in the evening of March 26 and…
(Reuters) -Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter. The tech giant has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million last year, the…
By Rishika Sadam HYDERABAD (Reuters) -Eli Lilly launched its blockbuster diabetes and weight-loss drug Mounjaro in India on Thursday, beating rival Novo Nordisk for a much-awaited entry into the world’s most populous country grappling with increasing rates of obesity and diabetes. U.S.-based Lilly and Danish Novo Nordisk have seen skyrocketing global demand for their innovative…
By Daphne Psaledakis and Kanishka Singh WASHINGTON (Reuters) – The U.S. State Department said on Wednesday there was still a bridge proposal that would extend the ceasefire” in Gaza but the opportunity for it was “closing fast.” A State Department spokesperson said the proposal would also “see the release of five live hostages, including American…
(Reuters) -Nvidia CEO Jensen Huang said on Wednesday that orders for some 3.6 million of its flagship “Blackwell” chips from four top cloud service providers “under represented” demand, since they did not include orders from key customer Meta. Facebook-owner Meta Platforms is among the largest buyers of Nvidia chips and Mark Zuckerberg, CEO of the…
By Foo Yun Chee BRUSSELS (Reuters) – Amazon lost its fight against a record 746 million euro ($812.4 million) fine handed out by Luxembourg’s privacy regulator four years ago as a court sided with the watchdog, according to a statement on the regulator’s website. The Luxembourg National Commission for Data Protection (CNPD) said the country’s…
(Reuters) – Ukrainian and U.S. teams could meet in Saudi Arabia in the coming days to discuss technicalities of partial ceasefire, President Volodymyr Zelenskiy said after what he described as “very substantive” call with U.S. counterpart Donald Trump. “We instructed our teams to resolve technical issues related to implementing and expanding the partial ceasefire. Ukrainian…
MOSCOW (Reuters) – Russia’s weekly inflation, an important gauge closely watched by the central bank, slowed to the lowest level since the start of the year, according to statistical data released on Wednesday ahead of the regulator’s rate-setting meeting on March 21. The data showed the Consumer Price Index (CPI) rose 0.06% in the week…
