Apple loses second bid to challenge Qualcomm patents at U.S. Supreme Court
By Blake Brittain WASHINGTON - The U.S. Supreme Court on Monday again declined to hear Apple Inc's bid to revive an effort to cancel three Qualcomm Inc smartphone patents despite the settlement of the underlying dispute between the two tech giants. The justices left...
How hurricane categories forecast the scale of destruction
(Reuters) - Hurricane Ian approached Florida's Gulf Coast on Wednesday as a powerful storm just one rating shy of the highest category designation given to storms in the United States. Storm strength is defined by the Saffir-Simpson Hurricane Wind Scale, which...
Wall St posts third straight quarterly loss as inflation weighs, recession looms
By Stephen Culp NEW YORK (Reuters) - The S&P 500 closed the books on its steepest September decline in two decades on Friday, skidding across the finish line of a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession...
Three Top Ways to Trade a Potential Aluminum Ban
Aluminum stocks are on the move. All on news the London Metal Exchange could ban Russian aluminum. “Such a move would be significant for the global industry. Russia accounts for about 5% of global aluminum production. That might sound like a relatively small...
Google to wind down Stadia streaming service three years after launch
(Reuters) - Alphabet Inc's Google said on Thursday it would wind down its consumer gaming service, Stadia, as it failed to attract enough interest from gamers after nearly three years of being launched. Gaming companies are facing a slowdown in demand for video games...
U.S. weekly jobless claims hit five-month low; economic picture darkening
By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal Reserve's stiff interest rate increases and...
EV Charging Station Stocks Get Green Light
Electric vehicle charging stocks could accelerate. All after the U.S. Transportation Department approved EV charging stations for all 50 states, including Washington, D.C. and Puerto Rico to cover 75,000 miles of highway. “We have approved plans for all 50 States,...
Why Lithium Prices Could Accelerate to Higher Highs
Electric vehicle stocks may be some of the safest. That’s because EV sales may be on course to hit all-time highs this year, according to the International Energy Agency (IEA). According to CNBC, “The IEA said global sales had doubled in 2021 to represent nearly 9%...
GM delays return-to-work plans to 2023
By David Shepardson (Reuters) - General Motors Co on Tuesday said it will not mandate workers return to offices before 2023 after it had told them on Friday that they would be expected to work three days on-campus each week later this year. The U.S. automaker told...
Biden plan to cancel some U.S. student loan debt will cost $400 billion -CBO
By David Shepardson and Eric Beech WASHINGTON (Reuters) -U.S. President Joe Biden's executive actions cancelling some student loan debt will cost about $400 billion, about a quarter of funds owed, the Congressional Budget Office (CBO) said on Monday. As of June 30, 43...
Bitcoin: “This Indicates a Bottoming Process”
The overall market may be falling apart. But Bitcoin is in rally-mode. Oversold on RSI, MACD, and Williams’ %R, BTC is starting to pivot higher from triple bottom support dating back to June 2022. “After months of waiting, for just the fourth time ever Bitcoin’s...
Investors wonder when vicious sell-off in U.S. stocks will end
By David Randall NEW YORK (Reuters) - A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead. Wall Street banks are adjusting their forecasts to account for a Federal Reserve that shows no evidence of letting up,...
Boeing to pay $200 million to settle U.S. charges it misled investors about 737 MAX
By David Shepardson WASHINGTON (Reuters) -Boeing Co will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the...
Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software
By David Shepardson WASHINGTON (Reuters) -Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the...
Meta says working to fix Instagram outage
(Reuters) -Meta Platforms Inc said on Thursday that several users were having trouble accessing its social network, Instagram. "We’re working to get things back to normal as quickly as possible," Meta said. About 7,000 users reported issues with the platform,...
This is Why FREYR Battery Stock Just Spiked
Investors may want to pay close attention to FREYR Battery (FREY). Up 18% on a volume spike to 18.7 million, as compared to daily average volume of 1.52 million, the stock could race to higher highs. That’s what Morgan Stanley analyst Adam Jonas says, noting the...
U.S. rents surge, leaving behind generation of younger workers
(Refiling to remove pronouns she and her in paragraphs 5-8) By Rose Horowitch (Reuters) -The cost of renting a home in the United States is surging and young workers have felt the sharpest pain, many of them taking on additional jobs or roommates to afford housing...
YouTube in challenge to TikTok to give Shorts creators 45% of ad sales
By Dawn Chmielewski and Paresh Dave LOS ANGELES (Reuters) -YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned streaming service announced Tuesday that it would introduce...
Chipmaker Nvidia launches new system for autonomous driving
By Jane Lanhee Lee and Joseph White (Reuters) - Chip giant Nvidia Corp on Tuesday unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment. Nvidia, a...
Uber says Lapsus$-linked hacker responsible for breach
(Reuters) -Uber Technologies Inc said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that forced the ride-hailing company to shut several internal communications temporarily last week. Uber said the attacker had not...