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News
AMD signs AI data center deal with Core Scientific
4+ hour, 14+ min ago (227+ words) July 28 (Reuters) – AMD on Tuesday signed a deal with Core Scientific to secure up to 2.5 gigawatts of data center capacity as the chip firm expands infrastructure to meet growing demand for AI computing. Shares of Core Scientific jumped 6% in premarket…...
EBay, former executives to pay $56 million to settle couple’s harassment case
49+ min ago (495+ words) July 28 (Reuters) – EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation…...
Market warning signals flare again as tech, inflation fears intensify
1+ hour, 59+ min ago (793+ words) By Amanda Cooper, Johann M Cherian and Niket Nishant July 28 (Reuters) – Several crucial market warning signals are close to crisis levels as investors grapple with high oil prices and Middle East conflict, all while the AI engine that has powered…...
Meta, BlackRock partner on $14 billion El Paso data center
5+ hour, 53+ min ago (372+ words) July 28 (Reuters) – Meta Platforms and the world’s largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development. The race to…...
Morning Bid: Chips jolted as momentum shifts in AI
11+ hour, 9+ min ago (335+ words) A look at the day ahead in European and global markets from Tom Westbrook Chip stocks tanked across Asia on Tuesday, spooked by the twin threats of rising Chinese competition and mounting questions about the funding and longevity of the…...
Asian chip stocks slide as China competition fears rattle AI trade
8+ hour, 54+ min ago (683+ words) By Heekyong Yang and Gregor Stuart Hunter SEOUL/SINGAPORE, July 28 (Reuters) – Asian semiconductor stocks tumbled on Tuesday, with South Korea leading the regional selloff, as investors questioned lofty valuations amid concerns over AI infrastructure financing and intensifying competition from China....
EPA says power for data centers can sidestep pollution laws
18+ hour, 4+ min ago (283+ words) July 27 (Reuters) – Power sources providing electricity only to data centers and not the public grid may not be subject to federal pollution laws, the U.S. Environmental Protection Agency said on Monday. The EPA said if the power plants are…...
Trump admin’s proposed prediction market rule faces public pushback
17+ hour, 50+ min ago (442+ words) WASHINGTON, July 27 (Reuters) – Lawmakers, Native American tribes, consumer advocates and others are voicing strong opposition to the Trump administration’s plans to regulate sports and other wagering in the booming prediction market industry, according to a review of public comments available…...
Oil plunges, stocks ‘n’ bonds shrug
18+ hour, 35+ min ago (658+ words) ORLANDO, Florida, July 27 (Reuters) – Oil prices tumbled on Monday as the U.S. and Iran swapped attacks on each other for dialogue, while Wall Street and Treasuries traded in much narrower ranges as investors looked ahead to a raft of big…...
Romania expels Russian diplomat in protest of airspace breaches
22+ hour, 45+ min ago (111+ words) WKZO Romania expels Russian diplomat in protest of airspace breaches MOSCOW, July 27 (Reuters) – Romania’s foreign ministry said on Monday it had expelled a diplomat at Russia’s embassy after repeated violations of its national airspace by drones, saying it had notified…...