Reuters was more than two minutes ahead of major rivals with news that China had banned exports to the United States of the critical minerals gallium, germanium and antimony, with immediate effect, a day after Washington’s latest crackdown on China’s semiconductor sector. China’s move marked the latest escalation in trade tensions between the world’s two...
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December 19, 2024December 19, 2024Finance
Chinese self-driving trucking company pivots to generative AI for video games
Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced Thursday.
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December 19, 2024December 19, 2024Finance
The Fed sees only two rate cuts in 2025, fewer than previously projected
The so-called dot-plot, which indicates individual members’ expectations for rates, showed officials see interest rates falling to 3.9% by the end of 2025.
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December 19, 2024December 19, 2024Technology
Tesla shares sink 8%, giving up some gains from post-election pop
Tesla shares dropped more than 8% on Wednesday, their biggest decline since before Trump’s election victory, which has been a big spark for the stock.
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December 19, 2024December 19, 2024Technology
Micron shares plunge on weak second-quarter guidance
Micron shares plunged in extended trading after the chipmaker issued weaker-than-expected second-quarter guidance.
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December 19, 2024December 19, 2024Technology
Health AI startup Suki expands partnership with Google Cloud to deliver more assistive tech for clinicians
Health-care AI startup Suki is building patient summary and Q&A features using Google Cloud’s Vertex AI platform.
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December 19, 2024December 19, 2024Technology
Trump’s pick to lead NASA made a big bet on crypto while going to space on the side
Before being chosen by President-elect Trump to lead NASA, Jared Isaacman guided his payments company Shift4 into the crypto market.
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Bank of Japan holds rates at 0.25%
The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.
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UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
Investors are watching whether UniCredit will proceed with a takeover venture of Germany’s Commerzbank or Italian peer Banco BPM.
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Here’s what a blockbuster Nissan-Honda merger could mean for the auto industry
Nissan and Honda are understood to be exploring a blockbuster merger as the two rival companies seek to stay competitive on the road to full electrification.