Chinese State Media Says Nvidia H20 Chips Not Safe for China
Aug. 10 By Dan Catchpole Nvidia’s H20 chips pose security concerns for China, a social media account affiliated with China’s state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally…
Tennis-U.S. Open 2025 Prize Money: How Much Do the Winners Get?
Aug. 9 By Dan Catchpole The four Grand Slams offer a trophy and place in the history books as well as significant prize money. Here is what you need to know about the prize pot on offer at the U.S. Open 2025, the fourth and…
Analysis-CEO Pulled Boeing Out of Nosedive, but New Challenges Approach
Aug. 8 By Dan Catchpole One year after taking the helm during Boeing’s deepest crisis in decades, CEO Kelly Ortberg has stopped the company’s freefall. Now, he faces new challenges: ramping up jet production, reviving a struggling defense and space division, and restoring profitability at…
Switzerland Will Pursue Further Talks With US Over Crippling Tariffs
Aug. 7 By John Revill Switzerland will continue talks with the United States, its president said on Thursday, after President Donald Trump placed crippling import tariffs on Swiss goods, which threaten to inflict serious damage on its export-focused economy. The 39% import levy – among…
In Letter to Trump, Alcohol Groups Say Tariffs Put $2 Billion in Sales at Risk
Aug. 6 By Emma Rumney The United States’ 15% tariff on EU goods could reduce the value of alcohol sales by almost $2 billion and put 25,000 U.S. jobs at risk, a group of 57 alcohol industry groups wrote in a letter sent to U.S….
Analysis-Autopilot Verdict Deals Tesla a ‘Black Eye’, Threatens Musk’s Robotaxi Ambitions
Aug. 5 By Abhirup Roy A court verdict against Tesla last week, stemming from a fatal 2019 crash of an Autopilot-equipped Model S, could hurt its plans to expand its nascent robotaxi network and intensify concerns over the safety of its autonomous vehicle technology. A…
US Could Require up to $15,000 Bonds for Some Tourist Visas Under Pilot Program
Aug. 4 By Ted Hesson and David Shepardson The U.S. could require bonds of up to $15,000 for some tourist and business visas under a pilot program launching in two weeks, a government notice said on Monday, an effort that aims to crack down on…
Intel’s Chip Contracting Plan in Spotlight on Earnings Day
July 23 By Arsheeya Bajwa Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan’s plans for the chipmaker’s nascent contract manufacturing business. Intel is set to report its sixth consecutive net loss on Thursday, while…
D.R. Horton Third-Quarter Results Beat Estimates on Incentives Push
July 22 By Farah Master and Samuel Shen D.R. Horton reported third-quarter profit and revenue above estimates on Tuesday as buyer incentives sustained home sales amid high interest rates and rising costs, sending shares of the homebuilder up more than 12% in morning trading. The…
Union Pacific, Norfolk Southern Explore Cross-Continental Railroad Merger, Source Says
July 18 By Sabrina Valle Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are in early stages, the person said, with…