By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, nine sources familiar with its...
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As China battles to shore up battered markets, investors hold out for more
(Reuters) -China's ousting of its securities watchdog head on Wednesday drew a muted cheer from markets, with investors holding out for bigger measures that would tackle the root of the malaise gripping the world's second-largest economy. Yi Huiman was replaced as...
Ford shares surge on dividend boost, lower EV spending
By Shivansh Tiwary (Reuters) -Ford Motor shares surged 6% on Wednesday after the automaker increased its dividend for the first quarter and decided to scale back investments in new capacity for loss-making electric vehicles (EV). On Tuesday, the automaker disclosed...