Month: September 2022

New U.S. curbs on sales of Nvidia AI chips to China spark selloff

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 1 (Reuters) – New restrictions on Nvidia Corp’s edge chip exports (NVDA.O) to China signaled an escalating US crackdown on Beijing’s technological prowess and …

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Crypto.com mistakenly sends woman $7.2 million instead of a $68 refund

Comment this story Comment What would you do if you checked your bank account and found millions that shouldn’t be there? For a woman in Australia – who faced this scenario last year after cryptocurrency platform Crypto.com mistakenly transferred 10.5 million Australian dollars ($7.2 million) to his bank account – the answer was: Buy a …

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Stocks fall to start September as market reels on worries of rising rates

US stocks fell on Thursday, the first day of September, as traders continued to worry about the potential for a Federal Reserve rate hike. The Dow Jones Industrial Average fell 260 points, or 0.8%. The S&P 500 and the Nasdaq Composite fell 1.2% and 1.9% respectively. The major averages are each on track to end …

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Gatorade adds caffeine to its lineup with energy drink Fast Twitch

Fast Twitch, from the creators of Gatorade Source: PepsiCo Gatorade enters the energy drink category with a caffeinated spinoff called Fast Twitch. It still represents another example of beverage companies blurring the lines between beverage categories, looking to leverage existing brand loyalty while entering fast-growing categories. The parent company of Gatorade, PepsiCohas already expanded Mountain …

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U.S. officials order Nvidia to halt sales of top AI chips to China

Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told him to stop exporting two leading computer chips for artificial intelligence work to China, a move that could cripple the ability of Chinese companies to do advanced work like reconnaissance …

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Stock futures fall after Wall Street closed out August with losses

U.S. stock futures fell Thursday morning after the main August averages closed with losses and investors considered the Federal Reserve’s fight against inflation. Dow Jones Industrial Average futures fell 140 points, or 0.44%. S&P 500 and Nasdaq 100 futures fell 0.71% and 1.19% respectively. These moves follow four straight days of losses in the major …

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Dow Jones Futures Fall As China Export Curbs On Nvidia, AMD Slam Chip Stocks

Dow Jones futures fell overnight, along with S&P 500 and Nasdaq futures, while Treasury yields rose. Nvidia (NVDA) and AMD stock fell overnight, dragging semiconductors down after it said the US government imposed export restrictions on some chip sales to China. X The stock market rally made a brief, weak attempt at a rebound on …

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D.C. attorney general sues billionaire Michael Saylor for alleged income tax evasion

Comment this story Comment DC Attorney General Karl A. Racine (D) announced a lawsuit against billionaire Michael J. Saylor and the technology company he co-founded, MicroStrategyalleging Saylor lived in DC for over a decade while evading $25 million in DC income taxes — and that MicroStrategy conspired to help him. The court case, which Racine …

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White Dallas officer on leave after making coin Black Police Association says is racist

A white Dallas police officer is on administrative leave as the department investigates allegations he made and attempted to sell a challenge coin that the Black Police Association decried as racist. Chief Eddie García told a press conference Wednesday that the officers’ design for the South Central Patrol Division coin stained the department. He apologized …

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