By Stephen Nellis and Karen Freifeld(Reuters) -Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.Nvidia (NASDAQ:NVDA)’s AI chips have been a key focus of U.S. export controls as U.S. officials have moved to keep the most advanced chips from be ...
By Noel Randewich and Lisa Pauline Mattackal(Reuters) -Wall Street stocks ended mixed on Thursday, lifted by Eli Lilly (NYSE:LLY) and Apple (NASDAQ:AAPL), as investors weighed progress in U.S. trade negotiations with Japan against concerns about the interest rate outlook.Traders leaned toward optimism following U.S. President Donald Trump’s comments about "big progress" in the bilatera ...
By Sriparna Roy(Reuters) -UnitedHealth has traditionally been a company investors saw as reliable, having not missed earnings estimates since the 2008 global financial crisis.Until Thursday. The country’s largest insurer by market value fell far short of expectations with its quarterly earnings, leading to its worst one-day selloff in more than a quarter-century. Its subsequent conference c ...
By Ernest Scheyder(Reuters) -The Trump administration said on Thursday it would approve a land swap needed for Rio Tinto (NYSE:RIO) and BHP to build one of the world’s largest copper mines, despite concerns from Native Americans that it would destroy a site of religious value.The move is likely to escalate tensions between Indigenous groups vocal about the need to preserve historical lands and W ...