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Read previewFormer President Donald Trump says Meta CEO Mark Zuckerberg recently told him he wouldn't endorse a Democrat in the 2024 election. The Republican presidential nominee told Fox News' Maria Bartiromo on Friday that Zuckerberg called him after the assassination attempt, and told him he didn't feel right supporting a Democrat. He called me after the event and he said, 'That was really amazing, it was very brave,'" Trump told Bartiromo. Trump told Bartiromo that Google never called him to apologize. Advertisement"Google has been very bad," Trump told Bartiromo.
Persons: , Donald Trump, Mark Zuckerberg, Maria Bartiromo, Zuckerberg, Trump, Bartiromo, he's, Dani Lever, Lever Organizations: Service, Republican, Fox News, Democrat, Business, Facebook, Meta, Google
"It is likely to impact many businesses, especially those developing AI systems but also those deploying or merely using them in certain circumstances." For AI applications deemed to be "high-risk," for example, strict obligations will be introduced under the AI Act. watch nowExamples of high-risk AI systems include autonomous vehicles, medical devices, loan decisioning systems, educational scoring, and remote biometric identification systems. Generative AI is labelled in the EU AI Act as an example of "general-purpose" artificial intelligence. General-purpose AI models include, but aren't limited to, OpenAI's GPT, Google's Gemini, and Anthropic's Claude.
Persons: Dado Ruvic, Tanguy Van Overstraeten, Charlie Thompson, Appian, Thompson, Meta, OpenAI's, Google's, Anthropic's Claude, Jamil Jiva, Linedata, GDPR, Jiva Organizations: Reuters, European Commission, EU, CNBC, Microsoft, Google, Apple, Web Services, Big Tech, EMEA, Data, Facebook, Companies, AI Office, Commission Locations: Brussels, EU, Europe
Read previewDonald Trump is again railing against Big Tech, accusing both Meta and Google of censoring content about him in "another attempt at RIGGING THE ELECTION!!!" In a post Tuesday on Truth Social, Trump referenced a photo taken after his assassination attempt that a Facebook communications exec previously acknowledged had been mistakenly fact-checked across the social network. The New York Post also reported Monday that after asking about the assassination attempt, Meta's AI assistant had responded that the event had never happened. Still, Trump urged his followers on Truth Social Tuesday to "GO AFTER META AND GOOGLE. Zuckerberg had called Trump a "badass" for surviving his assassination attempt, but that didn't stop Trump from threatening to send the Facebook cofounder to prison if he's elected.
Persons: , Donald Trump, Trump, Dani Lever, Lever, Mark Zuckerberg, Zuckerberg, he's, Elon Musk, Elon Musk —, Harris • Donald Trump, Donald Trump Jr, Ted Cruz — Organizations: Service, Big Tech, Social, Facebook, Business, New York Post, Trump, Google
Washington CNN —President Joe Biden on Tuesday announced plans to supply new air defenses to Ukraine in a speech opening the NATO summit – providing much-needed support for the country at a critical juncture in its defense against Russia’s invasion. Meanwhile, Italy would also provide a SAMP-T long-range air defense system. In addition to the long-range aerial defense systems, the US and other countries are also providing Ukraine with “dozens” of short- and medium-range systems to help Kyiv intercept Russian drones and missiles. Ukrainian President Volodymyr Zelensky said he would fight for “decisive actions” from the United States and Europe to help Ukraine. “All we allies knew before this war Putin thought NATO would break,” Biden said.
Persons: Joe Biden, Biden, ” Biden, , Volodymyr Zelensky, ” Zelensky, Zelensky, Donald Trump, Trump, Bill Clinton, , Putin, Jens Stoltenberg, Biden’s, Stoltenberg Organizations: Washington CNN, NATO, Patriot, US, HAWKs, IRIS, Ukraine, United, Mellon, Treaty, Locations: Ukraine, Germany, Romania, Netherlands, Italy, United States, Israel, Russian, Canada, Norway, Spain, Europe, , Russia,
The emergence of new regional payment systems likely won't spur de-dollarization, OMFIF said. According to commentary published Thursday, obstacles are already afflicting new regional payment systems, even as de-dollarization rhetoric creeps up. AdvertisementMeanwhile, efforts to assemble regional financial systems have delivered the Pan-African Payment and Settlement System, OMFIF cited as one example. For instance, it's even launched its own payments infrastructure, the Cross-border Interbank Payment System. But China's efforts to create an alternative system are a defensive ploy for now, OMFIF wrote in a separate note from May.
Persons: OMFIF, , Julian Jacobs, it's, That's, Zoe Liu Organizations: Service, Monetary, Financial, Forum, United Arab, China, Foreign Relations Locations: China , Hong Kong, United Arab Emirates, Thailand, Russia, Ukraine, Beijing, Taiwan
Director of National Intelligence Avril Haines testifies before the Senate Armed Services Committee May 2, 2024 in Washington, DC. The top U.S. intelligence official warned Congress of an alarming rise in cyberattacks at a hearing on global threats Thursday. Director of National Intelligence Avril Haines said the number of ransomware attacks worldwide grew as much as 74% in 2023. The comments from Haines come as various companies, such as UnitedHealth Group , MGM Resorts and Clorox , have been disrupted by cyberattacks in the past year. In 2023, cyberattacks also temporarily shut down MGM's hotel booking system and disrupted production at Clorox.
Persons: National Intelligence Avril Haines, Haines, Sen, Angus King, cyberattacks, They've, That's, King, Andrew Organizations: National Intelligence, Senate Armed Services, UnitedHealth, MGM Resorts, Clorox, cyberattacks, Senate Armed Services Committee, U.S, Healthcare Locations: Washington ,, cyberattacks, U.S, East, Maine, China, Russia, Clorox
Iran's 538 loitering missile is designed to intercept low-flying drones. The 358 missiles confiscated by the US Navy were powered by small gas turbine engines made by a Dutch company. "As air defense systems increase in power and effectiveness, it will mark a new challenge to drone systems that have long had command of the air," Rogers said. A US Central Command handout shows one of the Iranian-made 538 loitering missile seized by the USS Forrest Sherman in November 2019. CENTCOM'Drone hunting drones'A report in March speculates that Turkey's arch-foe, the Kurdistan Workers' Party or PKK group, may have acquired Iranian Meraj loitering missiles.
Persons: , James Patton Rogers, Rogers, Ryan Bohl, RANE, Bohl, USS Forrest Sherman Organizations: Service, US Navy, Cornell Brooks Tech, Institute, Cornell University, American Warfare, Saudi, US, Pentagon, East, Command, USS, Kurdistan Workers ' Party, Turkish Locations: Iran, Yemen, Lebanon, Iran's, Dutch, Turkey, North Africa, Kurdistan, Iraq, Tehran
Yet according to Sam Altman, head of ChatGPT creator OpenAI, there is a clear solution to this tricky dilemma: nuclear fusion. Nuclear fusion — the process that powers the sun and other stars — is likely still decades away from being mastered and commercialized on Earth. A section of JT-60SA, a huge experimental nuclear fusion reactor at Naka Fusion Institute in Naka city of Ibaraki Prefecture, Japan, on January 22, 2024. The sector was responsible for around 2% of global electricity demand in 2022, according to the IEA. But, he cautioned, this doesn’t necessarily mean AI’s electricity demand will fall.
Persons: Sam Altman, OpenAI, Altman, , Lex Fridman, ” Altman, , Alex de Vries, , Aneeqa Khan, ” Khan, Philip Fong, Vries, ” de Vries, Michael Khoo, “ We’re, Khoo, Yiannis Kourtoglou, Sen, Ed Markey, ” Markey, ” Khoo Organizations: CNN, Vrije Universiteit Amsterdam, University of Manchester, , JT, Naka Fusion, Getty, International Energy Agency, Boston Consulting, Reuters, Microsoft, OpenAI, Boston Consulting Group, Google, Princeton, Locations: , Naka, Ibaraki Prefecture, Japan, AFP, Pascal, Nicosia, Cyprus
Another AI medical records startup, DeepScribe, raised a $30 million Series A round in January 2022. AbridgeThe investor descent on medical-scribe startups reflects a blatant potential of automation tech to alleviate healthcare’s most critical issues. “This market is screaming hot,” said Bryan Roberts, a partner at Venrock and an investor in medical-scribe startup Suki. AdvertisementStill, as health systems increasingly adopt AI solutions to manage labor costs, these startups have room to grow into their valuations. Medical-scribe startups vying for the remaining slice of the pie are “in a pitch to the death,” Roberts said.
Persons: , , Kleiner Perkins, Andreessen Horowitz, Suki, Punit Soni, Shiv Rao, , Bryan Roberts, ” Roberts, Annie Case, Case, Hermann, Keith Srakocic, Roberts, there’s, Organizations: Service, Business, Healthcare, Fund, Optum Ventures, Medical, Cathay Innovation, Microsoft, University of Pittsburgh Medical Center, University of Kansas Health, AP
John Chambers grew up in West Virginia and went on to run what was once the world’s most valuable company, the computer networking firm Cisco Systems Inc. Now he is trying to help economically lagging West Virginia by making it a “start-up state” akin to Israel, which has been called the start-up nation. I interviewed Chambers recently about his hopes and the magnitude of the challenge. Chambers was born in 1949 while his parents were in medical school at Case Western Reserve University in Cleveland. He grew up mostly in Charleston, W.Va., and earned a bachelor’s degree and a law degree from West Virginia University. Chambers became a salesperson for IBM, then for Wang Laboratories, before joining Cisco in 1990, six years after the company was founded in Silicon Valley.
Persons: John Chambers, Chambers, Organizations: Cisco Systems Inc, Case Western Reserve University, West Virginia University, Mountain, IBM, Wang Laboratories, Cisco, JC2 Ventures, John, John Chambers College of Business Locations: West Virginia, Israel, Cleveland, Charleston, W.Va, Mountain State, Ravenswood, , Silicon Valley, mater
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
The authors found that groundwater levels declined between 2000 and 2022 in 71% of the 1,693 aquifer systems included in the research, with groundwater levels declining more than 0.1 meter a year in 36%, or 617, of them. Declines not universalThe study also highlighted some success stories in Bangkok, Arizona and New Mexico, where groundwater has begun to recover after interventions to better regulate water use or redirect water to replenish depleted aquifers. They found that declines in groundwater levels sped up in the first two decades of the 21st century for 30% of those aquifers, outpacing the declines recorded between 1980 and 2000. “I think it’s fair to say this global compilation of groundwater data hasn’t been done, certainly on this scale, at least to my knowledge before,” he said. “Groundwater is an incredibly important resource but one of the challenges is… because we can’t see it, it’s out of mind for most people.
Persons: , Debra Perrone, Scott Jasechko, Jasechko, ” Jasechko, Donald John MacAllister Organizations: CNN, University of California’s, Environmental, Bren School of Environmental Science, Management, University of California Santa, British Geological Survey Locations: India, United States, Soplamo, Spain, University of California Santa Barbara, Iran, Africa, South America, Asia, Bangkok , Arizona, New Mexico
NEW YORK (AP) — It's been quite a week for ChatGPT-maker OpenAI — and co-founder Sam Altman. And as he became Silicon Valley’s most sought-after voice on the promise and potential dangers of this technology, Altman helped transform OpenAI into a world-renowned startup. WHAT IS GENERATIVE AI? Unlike traditional AI, which processes data and completes tasks using predetermined rules, generative AI (including chatbots like ChatGPT) can create something new. Meanwhile, in the U.S., President Joe Biden signed an ambitious executive order last month seeking to balance the needs of cutting-edge technology companies with national security and consumer rights.
Persons: — It's, OpenAI —, Sam Altman, Altman, what's, , Greg Brockman, Brockman, , OpenAI, , Johann Laux, Enza Iannopollo, Forrester, Iannopollo, they’ve, Chatbots, Joe Biden Organizations: OpenAI, WHO, ALTMAN, Microsoft, Twitter, Oxford Internet, Tech, European Union Locations: San Francisco, Brussels, U.S
Washington CNN —The US carried out airstrikes targeting two facilities linked to Iranian-backed militias in eastern Syria on Thursday, according to a statement from Defense Secretary Lloyd Austin, following a series of drone and rocket attacks against US forces in the region. He directly accused Iran of having a role in the attacks on US forces, saying in the statement, “Iran wants to hide its hand and deny its role in these attacks against our forces. We will not let them.” Austin also promised further strikes if the attacks by Iran’s proxies continue. Earlier Thursday, the US announced it is deploying about 900 troops to the Middle East - with the potential for many more. The US strikes follow a growing number of attacks against US forces in Iraq and Syria since October 17.
Persons: Lloyd Austin, Austin, Joe Biden, ” Austin, Biden, ” Biden, Hossein Amir, Abdollahian, Brig, Pat Ryder Organizations: Washington CNN, Defense, Islamic Revolutionary Guard Corps, US, Pentagon, Wednesday, ISIS, UN, Assembly, Iranian, , Defense Department Locations: Iranian, Syria, Gaza, Iran, Israel, Iraq
The company paid a dividend of $1.74 per share in late September, which included a quarterly base dividend of 50 cents per share and a variable dividend of $1.24. The acquisition, anticipated to close in January 2024, is expected to boost CIVI's free cash flow per share by 5% in 2024. In September, the company announced a quarterly dividend of 57 cents per share, payable on Nov. 1. (See Chesapeake Insider Trading Activity on TipRanks)EOG ResourcesLet's look at another energy company: EOG Resources (EOG). Based on this quarterly dividend, the annual dividend rate comes to $3.30 per share, bringing the dividend yield to 2.5%.
Persons: Paresh Dave, Wall, Civitas, Lloyd Byrne, CIVI, Byrne, TipRanks, Bristol Myers, BMY, Goldman Sachs, Chris Shibutani, Shibutani, Umang Choudhary, Choudhary, EOG, Nitin Kumar, Eagle, Kumar Organizations: Cisco Systems Inc, Civitas, Civitas Resources, Vencer Energy, Jefferies, Midland, Bristol, Bristol Myers Squibb, Mirati Therapeutics, Chesapeake Energy, Management, Chesapeake, EOG, Eagle Ford, TipRanks, Cisco Locations: San Jose , California, Denver, Midland, West Texas
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsOct 18 (Reuters) - Amazon.com (AMZN.O) said on Wednesday it was using a robotic system at one of its Houston warehouses to improve inventory management and speed up deliveries, building on its years-long bet that automation will help boost sales and worker safety. The technology, called "Sequoia", brings together a series of systems including mobile robots and robotic arms. Amazon said Sequoia can help identify and store inventory 75% faster, while reducing the time to process orders at a warehouse by as much as 25%. The company said it would begin testing a bipedal robot called "Digit" from Agility Robotics, a startup backed by Amazon.
Persons: Pascal, Zaheer Kachwala, Shounak Dasgupta Organizations: REUTERS, Walmart, Agility Robotics, Amazon, Ford, Thomson Locations: Lauwin, France, Houston, Bengaluru
They must offer income — that is, a dividend yield in excess of 2%. Take a look at the stocks that can help bolster investors' portfolios: Beverage giant Molson Coors made the list of stocks ideal during unstable times. TAP YTD line Molson Coors year-to-date performance Networking and cloud solutions giant Cisco Systems also made the list. In September, Bunge also came up in a CNBC Pro screen for defensive stocks to help investors ride out a market sell-off. Stock Chart Icon Stock chart icon Molson Coors year-to-date performanceNetworking and cloud solutions giant Cisco Systems also made the list.
Persons: Molson Coors, Roth, Bill Kirk, Molson, Kirk, Goldman Sachs, Bunge, FactSet, , Darla Mercado, Michael Bloom, Tiffany Hagler Organizations: CNBC, Beverage, Molson, Molson Coors, TAP, Cisco Systems, Cisco, Packaging Corporation of America, CME Group, Geard, Bloomberg, Getty, Equity, AFL Aflac, Bunge, Corp, America, Molson Coors Beverage Co, FactSet Beverage, Cisco Systems Inc Locations: Israel
That is especially concerning for parents of younger kids and those whose disabilities can make finding child care an extra challenge. One failed legislative proposal would have let students in four-day districts transfer or attend private schools, with their home districts picking up the tab. “If everybody becomes a four-day school week,” she said, “that is no longer a recruitment strategy.”In some communities, a four-day week is better for families. “They’re making the shift to the four-day week because all the districts around them have adopted a four-day week,” he said. However, the Rand Corporation found achievement differences in four-day districts, while initially hard to spot, became apparent over multiple years.
Persons: — It's, Callahan, contorts, Keegan, , Hudson, Brandi Pruente, , Paul Thompson, Harry Truman, Dale Herl, Jon Turner, Margie Vandeven, Tony Warren, Warren, Thompson, Karyn Lewis, Will Pierce, hasn't, Frank James Perrone Organizations: French, Oregon State University, Economic Commission, Missouri State University, Rand Corporation, Indiana University, Associated Press, Carnegie Corporation of New, AP Locations: Mo, U.S, Independence , Missouri, Kansas City, Missouri, Independence, Turner, Montana, Denver, 27J, , Carnegie Corporation of New York
WASHINGTON (AP) — The U.S. Treasury Department and China's Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working groups will be divided into economic and financial segments. The working groups will “establish a durable channel of communication between the world’s two largest economies,” Yellen said in a series of planned tweets shared with The Associated Press ahead of Friday's announcement. The groups' launch also comes after Secretary of State Antony Blinken met with China’s vice president on Monday on the sidelines of the U.N. General Assembly. China is one of the United States' biggest trading partners, and economic competition between the two nations has increased in recent years.
Persons: Janet Yellen, Lifeng, Yellen, Joe Biden, Xi Jinping, Biden, Xi, Antony Blinken Organizations: WASHINGTON, U.S . Treasury Department, China's Ministry of Finance, The Associated Press, Pacific Economic, Treasury Department, Democratic, General Assembly, , Communist, The U.S, Commerce Locations: U.S, China, Asia, San Francisco, Bali, United States, Carolina, North America, Xinjiang, Hong Kong, Tibet, Russia, Ukraine, The
Based in Palo Alto, California, Tidal was started by technology bankers David Handler and David Neequaye. Their firm, which employs just two dozen people according to its website, was the sole financial adviser to Cisco, while larger investment banking peers Qatalyst Partners and Morgan Stanley (MS.N) advised Splunk. Tidal's win comes as more technology bankers decide to launch their own firm amid an overall slowdown in dealmaking in the sector. Three former Qatalyst Partners bankers launched a new technology-focused investment banking boutique called AXOM Partners earlier this week, Reuters reported. The group went on to advise other major technology companies including Cisco, Qualcomm Inc (QCOM.O) and Twilio Inc (TWLO.N).
Persons: Centerview Partners dealmakers, David Handler, David Neequaye, Qatalyst, Morgan Stanley, MS.N, Splunk, David, Handler, we've, Chuck Robbins, Tidal's, Neequaye, Centerview, Milana Vinn, Anirban Sen Organizations: Centerview Partners, Cisco Systems Inc, Splunk Inc, Cisco, Qatalyst Partners, AXOM Partners, Reuters, Qualcomm Inc, Twilio Inc, UBS Group AG, Thomson Locations: Palo Alto , California, New York
Cisco beefs up cybersecurity play with $28 bln Splunk deal
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +1 min
The logo of networking gear maker Cisco Systems Inc is seen during GSMA's 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce Acquire Licensing RightsSept 21 (Reuters) - Cisco Systems (CSCO.O) on Thursday agreed to acquire cybersecurity company Splunk (SPLK.O) for about $28 billion, in its biggest acquisition ever that would bolster its network security business. "Combined, Cisco and Splunk will become one of the world's largest software companies and will accelerate Cisco's business transformation to more recurring revenue," the companies said in a joint statement. Cisco shares were down nearly 5% in premarket, while trading in Splunk stock was halted. The deal, which was unanimously approved by the boards of both Cisco and Splunk, is expected to close by the end of the third quarter of 2024 subject to regulatory approvals.
Persons: Simpson Thacher, Moore, Morgan Stanley, Flom, Splunk, Yuvraj Malik, Anil D'Silva Organizations: Cisco Systems Inc, Congress, REUTERS, Cisco Systems, Splunk's, Cisco, Splunk, Tidal Partners, Bartlett, Qatalyst Partners, Thomson Locations: Barcelona, Spain, premarket, Cravath, Slate, Bengaluru
Hauwei also unveiled new smartphones in recent weeks that use advanced chips, which analysts say are domestically made. "These surveillance chips are relatively easy to manufacture compared to smartphone processors," said the source familiar with the surveillance camera industry's supply chain, adding that HiSilicon's return would shake up the market. A key factor is that the company appears to have worked around U.S. restrictions on chip design software. Huawei has not commented on the phone's 5G capabilities or how it produced the advanced chip. The United States has no evidence that Huawei can produce smartphones with advanced chips in large volumes, U.S. Commerce Secretary Gina Raimondo said on Tuesday.
Persons: Hauwei, Frost, Sullivan, HiSilicon, Taiwan's TSMC, Gina Raimondo, Dan Hutcheson, Shanghai Newsrooms, Fanny Potkin, Gerry Doyle Organizations: Huawei Technologies, Huawei, Securities, Novatek Microelectronics Corp, Semiconductor Manufacturing International Corp, HK, Kirin, United, . Commerce, Cadence Design Systems, Synopsys Inc, Siemens, Thomson Locations: BEIJING, SHANGHAI, U.S, Kirin, China, United States, Beijing, Shanghai, Singapore
Huawei also unveiled new smartphones in recent weeks that use advanced chips, which analysts say are domestically made. "These surveillance chips are relatively easy to manufacture compared to smartphone processors," said the source familiar with the surveillance camera industry's supply chain, adding that HiSilicon's return would shake up the market. A key factor is that the company appears to have worked around U.S. restrictions on chip design software. HiSilicon mainly supplies chips for Huawei equipment but has had external customers such as Dahua Technology (002236.SZ) and Hikvision (002415.SZ). The United States has no evidence that Huawei can produce smartphones with advanced chips in large volumes, U.S. Commerce Secretary Gina Raimondo said on Tuesday.
Persons: Florence, Frost, Sullivan, HiSilicon, Taiwan's TSMC, Gina Raimondo, Dan Hutcheson, Shanghai Newsrooms, Fanny Potkin, Gerry Doyle Organizations: Security China, REUTERS, Rights, Huawei Technologies, Huawei, Securities, Novatek Microelectronics Corp, Semiconductor Manufacturing International Corp, HK, Kirin, United, . Commerce, Cadence Design Systems, Synopsys Inc, Siemens, Thomson Locations: Beijing, China, Rights BEIJING, SHANGHAI, U.S, Kirin, United States, Shanghai, Singapore
Some stocks that were trading near 52-week highs before the Fed decision could now ride the coattails of the latest interest rate decision and move higher. Boston Scientific's previous 52-week high stood at $54.99 . Meanwhile, credit card giant Mastercard is well within striking range of a new 52-week high, with shares only 1.21% away from the benchmark. Some stocks that were trading near 52-week highs before the Fed decision could now ride the coattails of the latest interest rate decision and move higher. Consensus analyst estimates forecast a 10.4% rally to Arch Capital stock.
Persons: yearend, Jerome Powell, Drew Angerer, Baker Hughes Organizations: Fed, Federal, CNBC, CNBC Pro Stock, Boston Scientific, Boston Scientific's, Boston, Mastercard, Arch Capital, Arch Capital Group, . Federal, Federal Reserve, Washington , D.C, Getty, Capital Group, AIG American International Group, Amphenol, Bunge, Boston Scientific Corp, Design Systems, Everest Group, Emerson Electric Co, HAL Halliburton, ICE, Exchange, Jacobs Solutions, Mckesson, E Corp, Services, Constellation Brands, Targa Resources Corp, Visa Locations: Washington ,
People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020. Reservation systems, booking systems, hotel electronic key card systems, and the casino floors were all apparently impacted by the outage. MGM operates thousands of hotel rooms across Las Vegas and the United States. Revenue from their hotel rooms in Las Vegas outstrips the revenue directly attributed to their casino operations, according to SEC filings. The company reported Las Vegas rooms revenue of $706.7 million for the quarter ended June 30, compared to casino revenue of $492.2 million for the same period.
Organizations: MGM Resorts, Bellagio, MGM, Revenue, SEC, FBI, Department of Homeland Security Locations: Las Vegas , Nevada, Las Vegas, United States, Vegas
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