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Qualcomm forecasts revenue above estimates, betting on AI use to drive chip demand

By Stephen Nellis and Akash Sriram (Reuters) -Qualcomm projected current-quarter sales above Wall Street expectations on Wednesday, wagering that growing AI capabilities in consumer devices will boost demand for its semiconductors despite ongoing global trade uncertainties. The San Diego-based company is the world’s largest supplier of ...
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Warner Bros Discovery to lay off 10% of film group, source says

LOS ANGELES (Reuters) -Warner Bros Discovery will lay off roughly 10% of its motion picture group employees as part of a restructuring before the company splits in two, a source with knowledge of the matter said on Wednesday. The cuts will take place in marketing, ...
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Trump’s tariffs give chocolate makers in Canada, Mexico an edge over US firms

By May Angel, Helen Reid and Jessica DiNapoli LONDON/NEW YORK (Reuters) -U.S. President Donald Trump’s trade tariffs are meant to boost domestic manufacturing.  But in the chocolate industry, they’re doing the opposite: ramping up the cost of importing already-pricey cocoa and hurting the competitiveness of local ...
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Is AI causing tech worker layoffs? That’s what CEOs suggest, but the reality is complicated

If you read the typical 2025 mass layoff notice from a tech industry CEO, you might think that artificial intelligence cost workers their jobs. The reality is more complicated, with companies trying to signal to Wall Street that they’re making themselves more efficient as they ...
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Uncertainty over tariffs halts oil shipments from Brazil to US, says lobby group

By Marta Nogueira RIO DE JANEIRO (Reuters) -Energy companies operating in Brazil suspended oil shipments to the United States after President Donald Trump announced 50% tariffs against the South American country, Roberto Ardenghy, president of oil lobby group IBP, told Reuters on Wednesday. Oil is Brazil’s ...
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Fed’s Powell says no decision made yet on September rate cut 

By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday it’s too soon to say whether the central bank will cut its interest rate target in September, as financial markets expect.  “We have made no decisions about September, we don’t…do that in advance,” Powell ...
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FOMC holds rates steady, but two dissenters wanted cuts

(Reuters) – The Federal Reserve held interest rates steady on Wednesday in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank’s governors, both appointees of ...
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The Media Line: Palo Alto Networks to Acquire Israel’s CyberArk in $25B Deal to Secure AI-Era Identities  

Palo Alto Networks to Acquire Israel’s CyberArk in $25B Deal to Secure AI-Era Identities   By The Media Line Staff  Israeli cybersecurity firm CyberArk is set to be acquired by Palo Alto Networks in a $25 billion deal that will reshape the identity security landscape in the ...
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Fed holds interest rates steady, defying Trump’s pressure

(WASHINGTON) -- The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central bank, calling for a rate cut.The central bank has defied Trump’s public criticism for months, adopting a wait-and-see approach as ...
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Airbus says it has 60 jets awaiting engines, now including from Pratt & Whitney

PARIS (Reuters) -Airbus CEO Guillaume Faury said the number of completed airframes still waiting for delayed engine deliveries had risen to 60 and that the delays now involved Pratt & Whitney on top of earlier problems with rival CFM. Speaking in a half-yearly media briefing, ...
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Exclusive-Safran to pick France over Canada, US for major factory investment, sources say

PARIS (Reuters) -French aerospace group Safran is nearing a decision to pick France as home for a new 400-million-euro carbon brakes factory following a contest between sites in France, the United States and Canada, two people familiar with the matter said. The politically sensitive decision, ...
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What makes a meme stock? Online enthusiasm for a beaten down company with doubtful prospects

NEW YORK (AP) — Investors occasionally scoop up shares of companies whose financial prospects appear dim. The consensus around such companies is that the shares should, if anything, fall further. But they suddenly get touted in online forums and take off for no fundamental ...
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