Intel to keep networking and communications unit
Dec 3 : Intel said on Wednesday it has opted to keep its networking and communications unit in the company following a review of strategic options for the unit."Keeping (the networking and communications unit) in-house enables tighter integration between silicon, software and systems, strengthe ...
Salesforce raises annual revenue forecast
Dec 3 : Salesforce raised its fiscal 2026 revenue forecast on Wednesday, anticipating growth from its artificial intelligence agent platform due to strong enterprise demand, sending its shares up around 4 per cent in extended trading. The business software provider now expects revenue in the range o ...
Amazon adds news tab to Prime Video in user expansion push
Dec 3 : Amazon.com said on Wednesday it is rolling out a dedicated news tab on its Prime Video streaming service, which will become available to all U.S. customers for free by the end of the year. The section, hosting news networks that include ABC News Live, CBS News 24/7, LiveNOW from Fox, CNN Hea ...
Mizuho’s Katz sees 'fertile' conditions driving robust M&A market into 2026
NEW YORK, Dec 3 : The "fertile" conditions driving dealmaking in 2025 will persist through the end of the year and into the next as CEOs look for scale and private-equity firms offload aging assets, according to Michal Katz, Mizuho Americas head of investment and corporate banking.This yea ...
Fintech firm Marquis notifies affected business after ransomware breach
Dec 3 : Fintech firm Marquis is notifying U.S. banks and credit unions after an August ransomware attack allowed hackers to access files containing customer data, according to a company filing on Tuesday.The Texas-based digital and physical marketing vendor detected suspicious activity on its networ ...
Apple's longtime design executive Alan Dye to join Meta
Dec 3 : Meta Platforms has hired Alan Dye, Apple's longtime head of human interface design, a spokesperson for Apple confirmed on Wednesday, as the Facebook owner accelerates efforts to build AI-powered consumer devices.Dye, who will join Meta as chief design officer on December 31, started at ...
Apple's design executive Alan Dye to join Meta
Dec 3 : Meta Platforms has hired Alan Dye, Apple's longtime head of user interface design, a spokesperson for Apple confirmed on Wednesday.Dye, who will join Meta as chief design officer on December 31, started at Apple in 2006 and has led its human interface design team since 2015. During his ...
Trump met with Nvidia CEO Jensen Huang on export controls, source says
Dec 3 : U.S. President Donald Trump met with chip giant Nvidia's CEO Jensen Huang on Wednesday to discuss export controls, a source familiar with the matter told Reuters. Nvidia did not immediately respond to a Reuters request for comment. Huang was in the U.S. capital meeting with lawmakers, ...
AI investment, M&A poised to increase corporate financing needs next year
NEW YORK, Dec 3 : Big tech companies' investments in artificial intelligence and busier M&A activity will raise the volume of debt issuance by investment-grade companies next year, bank executives said on Wednesday during a panel at the Reuters NEXT conference in New York.The funding needs ...
Barclays exec says top five tech firms could need $100 billion in funding next year
NEW YORK, Dec 3 : The funding needs of the top five U.S. technology firms could reach almost $100 billion in 2026, Meghan Graper, global head of debt capital markets at Barclays, said on Wednesday at a Reuters NEXT panel.Big tech firms are turning aggressively to the debt markets in their race to bu ...
Citadel debuts new AI tool for equities investors, CTO Subramanian says
NEW YORK, Dec 3 : Citadel, the hedge fund founded by billionaire Ken Griffin, has launched a new artificial intelligence-powered tool that aims to help investors conduct research on stocks faster and more efficiently, the firm's chief technology officer said on Wednesday.The Citadel AI Assistan ...
Notable quotes from finance and markets speakers at the Reuters NEXT conference
Dec 3 : Reuters is hosting the two-day Reuters NEXT conference in New York on Wednesday and Thursday, bringing together more than 700 international business leaders and policymakers to examine the biggest issues facing society, business and the world.The following are some notable quotes from speake ...
Blackstone CTO says data leaks keep him up at night
NEW YORK, Dec 3 : Blackstone's Chief Technology Officer is increasingly concerned about data leaks and which platforms can help manage safety, he told the Reuters NEXT conference in New York on Wednesday.During an interview, John Stecher was asked what kept him up at night."I find that as ...
Stocks rise as Fed outlook pushes US yields lower
NEW YORK, Dec 3 : Global shares rose while U.S. Treasury yields fell after weak economic data solidified expectations of a Federal Reserve interest rate cut.Wall Street stocks were making gains in choppy trading. Energy, financials and materials stocks were the top gainers while technology and real ...
Stocks gain, US yields drop as markets weigh likely Fed rate cut
NEW YORK, Dec 3 : Global shares rose while U.S. Treasury yields fell after weak economic data solidified expectations of a Federal Reserve interest rate cut.Wall Street's main indexes finished higher, with energy, financials and industrials stocks topping gains while technology and utilities s ...
Micron to exit consumer memory business amid global supply shortage
Dec 3 : Memory chipmaker Micron Technology said on Wednesday it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence data centers amid a global supply shortage of the essential semiconductors. Shares of the company were down 2.6 per cent in aft ...
Russia blocks access to US children's gaming platform Roblox
Dec 3 : Russia has blocked access to the U.S. children's gaming platform Roblox, accusing it of distributing extremist materials and "LGBT propaganda".Announcing the move on Wednesday, the communications watchdog Roskomnadzor said Roblox was "rife with inappropriate content that ...
TikTok to invest more than 200 billion reais in Brazil data centre
The project will fully rely on clean energy from wind energy parks
Nebius leverages Microsoft, Meta contracts for AI expansion
AMSTERDAM/LONDON, Dec 3 : Netherlands-based data centre operator Nebius will leverage recent multi-billion dollar contracts with Microsoft and Meta to build its business with traditional firms and emerging AI companies that could be future tech titans, its co-founder said.A $17 billion deal with Mi ...
Federal Reserve ends three-year loss streak from Covid-era monetary policy
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury
Wall Street opens lower as investors assess data, Microsoft falls
[NEW YORK] Wall Street’s main indexes opened lower on Wednesday (Dec 3), as investors assessed data pointing to a weak jobs market,...
AI-powered security firm Verkada valued at $5.8 billion in latest investment round
Dec 3 : Verkada was valued at $5.8 billion in its latest investment round led by CapitalG, more than a billion dollars higher than its previous round in February, the AI-based security products maker said on Wednesday.The company provides cloud-managed video security cameras, access control, environ ...
Security tech firm Verkada valued at $5.8 billion as demand for security grows
Dec 3 : Security products maker Verkada said on Wednesday it was valued at $5.8 billion in its latest investment round led by CapitalG, $1.3 billion above its previous round in February.The new valuation highlights rising investor demand for security technology as organizations and executives face m ...
Security tech firm Verkada valued at $5.8 billion as workplace safety demand rises
Dec 3 : Security products maker Verkada said on Wednesday it was valued at $5.8 billion in its latest investment round led by CapitalG, $1.3 billion above its previous round in February.The new valuation comes as companies boost their investment in integrated security systems to safeguard staff and ...
FDA scrutiny of WHOOP signals challenges for niche wearable device makers
(Corrects dateline to Dec 3)By Puyaan Singh and Sneha S KDec 3 : Niche fitness-tracking firms such as WHOOP are coming under increased regulatory scrutiny as technological advances blur the lines between wearable and medical devices, exposing them to higher compliance costs and hampering their compe ...
Microsoft lowers AI software sales quota as customers resist new products, The Information reports
Dec 3 : Multiple divisions at Microsoft have lowered sales growth targets for certain artificial intelligence products after many sales staff missed goals in the fiscal year that ended in June, The Information reported on Wednesday.It is rare for Microsoft to lower quotas for specific products, the ...
Microsoft denies report of lowering targets for AI software sales growth
Dec 3 : Microsoft on Wednesday denied a report from The Information that multiple divisions at the company lowered sales growth targets for certain artificial intelligence products after several sales staff missed their goals in the fiscal year that ended in June. The source-based report cited two s ...
Former and current SoftwareOne staff targeted by insider trading probe
ZURICH, Dec 3 : Swiss technology firm SoftwareOne said on Wednesday searches were conducted at its offices in Leipzig, Germany and Stans, Switzerland linked to a probe into five non-executive current or former employees for potential insider trading violations.SoftwareOne made its statement after Sw ...
American Bitcoin steadies after share lock-up expiry sparks near 40% plunge
Dec 3 : Shares of American Bitcoin, a bitcoin miner backed by two of U.S. President Donald Trump's sons, steadied in premarket trading on Wednesday, a day after slumping nearly 40 per cent following the expiry of a share lock-up.The stock rose 9 per cent to $2.39 after a wave of selling wiped o ...
LSEG partners with OpenAI to integrate ChatGPT with financial data
Dec 3 : LSEG on Wednesday announced a new collaboration with OpenAI, under which the London Stock Exchange operator will integrate its financial data and analytics into ChatGPT, and make OpenAI's enterprise tool available to it employees.Reuters provides news for LSEG's Workspace product.
LSEG to integrate financial data into ChatGPT in AI push
Dec 3 : LSEG will integrate its financial data and analytics into ChatGPT and make OpenAI's enterprise tool available to its employees, it said on Wednesday, deepening its push to embed artificial intelligence across financial markets.The data and analytics provider will grant ChatGPT users wit ...
Lincotrade & Associates raises $2.2 mil in gross proceeds from placement of 10 mil shares at 22 cents each
Nicole Lim - Lincotrade & Associates Holdings has completed the share placement of 10 million placement shares at 22 cents per share, raising gross proceeds of $2.2 million. The placement price is priced at a premium of 3.14% to the volume weighted average price 21.33 cents per share of the last traded marke ...
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
Deon Loke - The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit
DBS signs MOU with Korean Ocean Business Corporation to help Korea’s maritime firms expand across Asia
Nicole Lim - DBS and the Korea Ocean Business Corporation (KOBC) have signed a memorandum of understanding (MOU) to strengthen business connectivity and support the regional expansion of Korea’s maritime and logistics sector across Asia. KOBC is a financial institution under the Republic of Korea’s Ministry ...
