(Reuters) -Memory chip maker Micron Technology is set to receive $6.1 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Democratic U.S. Senate Majority Leader Chuck Schumer said on Thursday. The award, which is not yet finalized, will fund chipmaking facilities in New York and Idaho from the […]

LONDON (Reuters) – Banks must anticipate risks from using artificial intelligence (AI) and machine learning (ML) in their operations as part of their day-to-day governance, a top global banking regulator said on Wednesday. There are unanswered questions on whether the use of AI or ML in banking is a net positive or negative to global […]

By Chibuike Oguh (Reuters) -Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation. Federal Reserve Chair Jerome Powell said on Tuesday recent inflation data has not given policymakers enough confidence to ease credit […]

The crypto analyst known for accurately predicting the end of Bitcoin’s (CRYPTO: BTC) bull market in 2021 has shared insights into the recent downturn in the altcoin market. On Friday, pseudonymous crypto strategist Pentoshi shared his view on X, formerly known as Twitter, that the recent altcoin crash can be attributed to simple supply and demand dynamics […]

Two of America’s biggest companies, which have made “massive” bets on China, Tesla Inc. (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL), cannot abandon the country just because they’re undergoing a “white-knuckle” period, says top analyst Dan Ives. What Happened: Tesla and Apple are both currently experiencing the impact of an economic slowdown in China and growing competition […]

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a […]

eBay Inc (NASDAQ:EBAY) has entered into a definitive agreement for a series of transactions with Collectors, the parent company of PSA, the third-party authentication and grading provider in the collectibles industry. The agreements include a commercial agreement, the sale of Goldin from Collectors to eBay, and the sale of the eBay vault from eBay to PSA. The financial […]

TOKYO (Reuters) -Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence. The investment – the company’s largest in the 46 years of its operations […]