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Chip giant Nvidia to report earnings as some warn of AI ‘bubble’

(NEW YORK) -- An earnings report to be released by chip giant Nvidia on Wednesday will offer a window into the health of the artificial intelligence (AI) industry, which in recent years has become a key engine for stock market gains and economic growth.Nvidia, ...
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Brazil central bank says it does not compete with market through Pix

BRASILIA (Reuters) -Brazil’s central bank is not competing with financial or payment institutions by operating and regulating the widely used instant payments system Pix, said the bank’s financial system organization director, Renato Gomes. In remarks released by the bank on Wednesday, Gomes said the institution ...
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Chipmaker GlobalFoundries says CHIPS Act framework does not involve equity

By Zaheer Kachwala (Reuters) -GlobalFoundries said on Wednesday its CHIPS Act funding is “well intact” and the framework does not involve any type of equity, days after the U.S. government took a 10% equity stake in chipmaker Intel. Speaking at the Deutsche Bank Technology Conference, ...
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BP refinery in Whiting, Indiana, back to normal operations

By Nicole Jao (Reuters) -BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, is back to operating at normal rates after taking multiple units offline due to a severe thunderstorm last week, industry monitor IIR said on Wednesday. Operations at the Whiting refinery were affected due to flooding after ...
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Brad Singer named finance chief of post-split Warner Bros

(Reuters) -Warner Bros Discovery on Wednesday named former media executive Brad Singer as the chief financial officer for its studio and streaming business after completion of the company’s planned separation next year. Singer will report to David Zaslav, who is set to become president and ...
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Analysis-Nvidia to set tone for booming AI leveraged ETF market

By Suzanne McGee (Reuters) -AI hype that has helped push U.S. stocks to fresh records this year has driven an explosion in leveraged single stock exchange-traded funds, a universe of speculative products that is likely to be tested by Nvidia’s Wednesday earnings.    Companies that investors expect ...
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Mexico overtakes US as second-largest destination for Brazilian beef in August, Abiec says

By Roberto Samora SAO PAULO (Reuters) -Mexico has overtaken the U.S. as the second largest importer of Brazil’s beef after the imposition of tariffs by President Donald Trump on August 6 affected shipments from the world’s largest exporter, Brazilian beef lobby Abiec said on Wednesday. Brazilian ...
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Delta to pay $78.75 million to resolve fuel dump lawsuit

By Jonathan Stempel (Reuters) -Delta Air Lines agreed to pay $78.75 million to resolve a class action lawsuit over a 2020 fuel dump that doused tens of thousands of properties, including homes and schools, in Los Angeles and Orange counties in California. A proposed preliminary settlement ...
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YouTube TV subscribers may lose access to Fox content, including sports, due to contract dispute

NEW YORK (AP) — Fox channels could soon be pulled from YouTube TV if the two sides don’t ink a new content use deal Wednesday, potentially leaving subscribers of the Google-owned streamer without Week 1 of some college football games and other content. That’s because ...
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Ofer Harduf rejoins JPMorgan from venture capital firm as bank expands tech team, memo shows

By Milana Vinn (Reuters) -JPMorgan Chase has rehired Ofer Harduf from venture capital firm Fifth Wall as the bank continues to bolster its technology team, according to an internal memo seen by Reuters. Harduf, who will be a managing director in the technology M&A group, will ...
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Chile’s Escondida mine union warns of driverless truck accidents

SANTIAGO (Reuters) -A workers’ union at BHP’s Escondida mine in Chile, the world’s largest copper mine, in a statement on Wednesday said two recent accidents involving autonomous trucks are raising safety concerns. The union, which has often been critical of BHP and has staged strikes ...
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Nonalcoholic beer and mocktails can help people stay sober or drink less, but are not for everyone

Several years into her sobriety, Logan Denzer decided to try nonalcoholic beer and mocktails while others around her drank real booze. “A lot of people feel out of place” when everyone else is imbibing, said the 27-year-old from Los Angeles, who considers these beverages “an ...
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