Business

China blocks use of Intel and AMD chips in government computers, FT reports Illustration picture of Chinese and U.S. flags with semiconductor chip

Illustration picture of Chinese and U.S. flags with semiconductor chip

China blocks use of Intel and AMD chips in government computers, FT reports

Stock Focus Report March 24, 2024

(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel and AMD from government personal...

S&P 500 ends near flat but index posts biggest weekly gain of year Traders work on the floor of the NYSE in New

Traders work on the floor of the NYSE in New

S&P 500 ends near flat but index posts biggest weekly gain of year

Stock Focus Report March 22, 2024

By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended little changed on Friday, but the index...

US to boost scrutiny of United Airlines after safety incidents FILE PHOTO: A United Airlines passenger jet taxis at Newark

FILE PHOTO: A United Airlines passenger jet taxis at Newark

US to boost scrutiny of United Airlines after safety incidents

Stock Focus Report March 22, 2024

By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO (Reuters) – United Airlines said late Friday that U.S....

Fed’s Bostic scales back to single rate cut on inflation concerns FILE PHOTO: South African Reserve Bank's Biennial Conference in Cape

FILE PHOTO: South African Reserve Bank's Biennial Conference in Cape

Fed’s Bostic scales back to single rate cut on inflation concerns

Stock Focus Report March 22, 2024

ATLANTA (Reuters) -Atlanta Federal Reserve Bank President Raphael Bostic said on Friday he now expects just a...

Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed Apple's 'Wonderlust' event at the company's headquarters in Cupertino, California

Apple's 'Wonderlust' event at the company's headquarters in Cupertino, California

Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed

Stock Focus Report March 22, 2024

By Mike Scarcella (Reuters) – The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998...

FedEx tightens 2024 profit forecast on cost cuts, shares jump 13% A Federal Express truck is shown in Los Angeles, California

A Federal Express truck is shown in Los Angeles, California

FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%

Stock Focus Report March 21, 2024

By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on Thursday, raising...

Reddit shares end trading up 48% in market debut Reddit IPO at the NYSE in New York

Reddit IPO at the NYSE in New York

Reddit shares end trading up 48% in market debut

Stock Focus Report March 21, 2024

By Niket Nishant and Echo Wang (Reuters) – Social media platform Reddit’s shares ended their first day...

Senator Warren urges SEC to investigate Tesla over board independence A Tesla electric car charging station near Berlin

A Tesla electric car charging station near Berlin

Senator Warren urges SEC to investigate Tesla over board independence

Stock Focus Report March 21, 2024

(Reuters) -U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to...

Micron hits record high as AI demand powers strong forecast FILE PHOTO: Illustration shows Micron logo

Micron hits record high as AI demand powers strong forecast

Stock Focus Report March 21, 2024

By Medha Singh and Aditya Soni (Reuters) – Memory chipmaker Micron Technology surged to a record high...

Reddit prices IPO at top of indicated range to raise $748 million FILE PHOTO: Reddit logos are seen displayed in this illustration

FILE PHOTO: Reddit logos are seen displayed in this illustration

Reddit prices IPO at top of indicated range to raise $748 million

Stock Focus Report March 21, 2024

By Echo Wang and Anirban Sen (Reuters) -Social media platform Reddit priced its initial public offering at...