Micron Technology Inc on Tuesday forecast third-quarter revenue would tumble nearly 60% from a year earlier but the steep drop was in line with Wall Street expectations and company executives painted a rosy outlook for 2025 with artificial intelligence boosting sales. With a glut still nagging the chip industry, Micron expects the deepest revenue drop […]
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The United States and Japan on Tuesday signed a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The swiftly negotiated agreement prohibits the two countries from enacting bilateral export restrictions on the minerals […]
Activity at Binance was a pretty clear case of evasion and U.S. authorities needed to step in aggressively and as quickly as possible, the chairman of the Commodity Futures Trading Commission said on Tuesday. The U.S. agency sued Binance, the world’s largest crypto exchange, on Monday. “This seemed to be a pretty clear case of […]
The U.S. dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries about a banking crisis revived investors’ appetite for riskier currencies. Investors took solace from First Citizens BancShares’ agreement to buy all of failed lender Silicon Valley Bank’s deposits and loans, and the fact that no further […]
EU antitrust regulators gave unconditional approval for Alphabet unit Google’s acquisition of Croatian maths app Photomath, the European Commission said in a statement on Tuesday. The EU Commission said the deal would not reduce competition in the markets for “online homework and study help tools that include maths as a subject offering and general search […]
Out of all the technological advancements I’ve researched, artificial intelligence (AI) remains my favorite. Seconded by quantum computing, the supercomputer’s jacked cousin. You see, AI and all it entails are a complex network so versatile it fits in literally every industry, including telecommunications and connectivity, law and politics, and even in the coffee industry. Meet […]
U.S. auto safety regulators said Tuesday they are opening a probe into 50,000 Tesla Model X vehicles after receiving two complaints reporting front seat belt failures. The National Highway Traffic Safety Administration (NHTSA) said the preliminary evaluation covers 2022-2023 model year vehicles over reports of failures of the front seat belt to remain connected to […]
The head of the U.S. National Security Agency’s cybersecurity directorate on Monday said TikTok represents a “strategic issue” rather than an immediate “tactical” threat to the United States. Speaking at a policy conference in Northern California, Rob Joyce, director of cybersecurity for the spy agency, reiterated the agency’s earlier position that the Chinese-owned social networking […]
Europe’s banks face less threat from some of the problems now showing in the commercial real estate markets than their U.S. counterparts, analysts at JPMorgan have said. Economists are worried commercial property could be the next shoe to drop if problems in global banking markets trigger a broader credit crunch for the multi-trillion-dollar sector that […]
The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion […]