By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing activity contracted further in December, with a measure of factory output dropping…
Lockheed forms subsidiary to help defense companies adopt AI
(Reuters) – Lockheed Martin said on Monday it had formed a subsidiary that will help U.S. defense companies incorporate artificial…
Family of US activist killed in West Bank says Blinken offers no prospect of US inquiry
By Humeyra Pamuk WASHINGTON (Reuters) -The family of a Turkish-born American human rights activist killed by Israel in the occupied…
Insurer stocks fall after Trump says ‘we’re going to knock out the middleman’
(Reuters) – Shares of health insurers operating pharmacy benefit managers fell on Monday after U.S. President-elect Donald Trump called them…
AI a productivity boost to banks but making money from it is a challenge
By Isla Binnie and Megan Davies NEW YORK (Reuters) – Artificial intelligence is expected to show big gains in productivity…
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
(Reuters) – Photoshop maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday, indicating the company’s investments to…
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
(Reuters) – Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year…
Stunning rally in Big Tech drives Nasdaq to 20,000
By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK (Reuters) – The Nasdaq Composite Index hit 20,000 for…
Warburg Pincus not considering an IPO anytime soon, CEO says
By Echo Wang and Carolina Mandl NEW YORK (Reuters) -Warburg Pincus, a private equity firm with about $86 billion in…
Apple to bring satellite communications to smartwatch next year, Bloomberg News reports
(Reuters) – Apple plans to bring satellite connections to its smartwatch in 2025 and is ramping up work on a…