Business
The Trump administration on Friday dropped a lawsuit brought against Southwest Airlines by former President Biden’s Transportation Department (DOT) alleging it advertised unrealistic flight s… Source link
Nvidia Corp. Chief Executive Officer Jensen Huang expressed confidence in his company’s trade partners and said there’s no evidence of its prized semiconductors being diverted to the Chinese market. Source link
Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but it will not put out another version of the Hopper chip, CEO Jensen Huang said on Saturday. Source link
By Wen-Yee Lee TAIPEI (Reuters) -Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but will not put out another version from the Hopper series, CEO Jensen Huang said on Saturday. Asked what their next chip for China after the H20…
Rite Aid’s ‘comeback story’ cut short as pharmacy chain files for bankruptcy again After closing hundreds of stores and facing ongoing challenges, Rite Aid looks for a buyer while preparing to sell its remaining inventory and essential assets. Scripps News Rite Aid has announced more store closures after reportedly agreeing to sell pharmacy assets from over 1,000…
US credit rating downgrade undermines Donald Trump’s claims regarding economic robustness. (AI image) Moody’s Ratings downgraded the United States government’s credit rating on Friday, pointing to the inability of consecutive administrations to control increasing government debt levels.The credit rating reduction to Aa1 from Aaa compounds the challenges for the US President Donald Trump, coinciding with…
The U.S. credit rating was downgraded by Moody’s Ratings on Friday, highlighting investor concerns about the government’s growing debt. The downgrade from the top rating of Aaa to Aa1 “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” the…
Misery loves company, as they say. Friday’s announcement that two of the three biggest cable-broadband firms, Charter Communications and Cox Communications, are combining is a logical next step in the consolidation of a stagnant but still significant industry. Charter, whose biggest shareholder … Source link
The US has lost its last perfect credit rating, as influential ratings firm Moody’s expressed concern over the government’s ability to pay back its debt. In lowering the US rating from ‘AAA’ to ‘Aa1’, Moody’s noted that successive US administrations had failed to reverse ballooning deficits and interest costs. A triple-A rating signifies a country’s…
OpenAI is poised to help develop a staggering 5-gigawatt data center campus in Abu Dhabi, positioning the company as a primary anchor tenant in what could become one of the world’s largest AI infrastructure projects, according to a new Bloomberg report. The facility would reportedly span an astonishing 10 square miles and consume power equivalent…