Tag: PXP
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Nvidia announces technology to accelerate chip design at AI conference
March 21 (Reuters) – Nvidia Corp. (NVDA.O) Chief Executive Jensen Huang unveiled a new product on Tuesday to accelerate semiconductor design as it rolled out a range of new artificial intelligence technologies based on its chips and software. Huang made the remarks at GTC, the company’s annual conference for software developers. Analysts look forward to […]
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Exclusive: EU drafts plan to allow electric cars with combustion engine
Brussels proposes an exception for electric fuel cars from 2035 Germany is still examining EU draft proposal Berlin sees the technological state as problematic Goal to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new combustion engine cars after 2035 […]
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The US banking system is sound, but not all deposits are guaranteed, Yellen tells senators
WASHINGTON, March 16 (Reuters) – The US banking system remains sound and Americans can be confident that their deposits will be there when they are needed, Treasury Secretary Janet Yellen said on Thursday, though she denied that recent bailouts following two major bank failures mean there is there was now a general government guarantee for […]
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Credit Suisse secures $54 billion lifeline as authorities scramble to prevent global banking crisis
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence after a slump in its shares raised fears of a global banking crisis . The Swiss bank’s announcement on Thursday helped counter heavy selling in financial markets […]
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Charles Schwab’s CEO says the company is liquid and not seeking capital or deals
NEW YORK, March 14 (Reuters) – Charles Schwab (SCHW.N) has enough liquidity, the bank and brokerage’s CEO said Tuesday, to allay concerns about a “doomsday” scenario following the bankruptcy of two US lenders since Friday. “We have not raised any capital and we are not in the M&A market at this time,” Walt Bettinger, CEO […]
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Tyson Foods is closing two U.S. chicken plants employing nearly 1,700 workers
CHICAGO, March 14 (Reuters) – Tyson Foods Inc (TSN.N) will close two U.S. chicken plants employing nearly 1,700 workers on May 12, the company said on Tuesday. The closures show that the largest U.S. meat company by revenue is still trying to figure out how to improve its chicken business, which has struggled for years. […]
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Meta to cut 10,000 jobs in second round of layoffs
March 14 (Reuters) – Facebook parent company Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs, the first Big Tech company to announce a second round of mass layoffs as the industry braces for a deep economic downturn. Meta shares rose 6% on the news. The widely anticipated job cuts are part of […]
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Global bank share price deepens as SVB collapse crisis fears heat up
March 14 (Reuters) – Shock waves from the collapse of Silicon Valley Bank (SIVB.O) hit global banking stocks further on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompt a rethink of the interest rate outlook. Biden’s efforts to reassure markets and savers came after emergency measures […]
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Pfizer signs $43 billion Seagen deal to promote cancer drugs
March 13 (Reuters) – Pfizer Inc (PFE.N) closed a roughly $43 billion deal on Monday for Seagen Inc (SGEN.O) to expand its cancer treatment portfolio as the drugmaker braces for a sharp drop in COVID -19 product sales and loss of exclusivity for some top sellers. The deal, Pfizer’s largest in a series of acquisitions […]
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US stock futures rise as the Fed intervenes on banks
https://tmsnrt.rs/2zpUAr4 US authorities are acting to stabilize banks Markets are speculating on less aggressive Fed hikes Short-term Treasury yields fall, Fed futures rise SYDNEY, March 13 (Reuters) – US stock futures rose in Asian trading on Monday as authorities announced plans to mitigate the fallout from the Silicon Valley Bank (SVB) collapse, while investors bet […]