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☆ China’s Oppo unveils prototype augmented reality glasses with voice assistant as AI hype hits gadgets
▼ + stars: | 2024-02-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Since they are AR glasses, users can see digital content imposed over the real-world view they see in front of them. Oppo, a Chinese firm and one of the world's biggest smartphone makers, announced the Oppo Air Glass 3 at the Mobile World Congress in Barcelona. BARCELONA – Oppo on Monday unveiled a prototype set of augmented reality (AR) glasses with a voice assistant, underscoring how electronics giants are trying to infuse artificial intelligence across their products to stand out. The Air Glass 3 needs to be tethered to an Oppo smartphone. Oppo said that its latest AR glasses are equipped with a voice assistant which is powered by the Chinese tech giant's own large language model (LLM) called AndesGPT.

Persons: Oppo, Alibaba — Organizations: Mobile, BARCELONA, Oppo, Baidu, Tech, Apple, IDC Locations: Barcelona, China

☆ Tulsa offered remote workers $10,000 to move there. The results show how the program shook up the local economy — and what the future of smaller cities could look like.
▼ + stars: | 2024-02-25 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

At the end of 2022, Tulsa Remote had brought in almost $307 million in direct labor income to the economy, according to Tulsa Remote. For every two Tulsa Remote members who move to the city, three more come with them. But what happens to the rest of the economy when remote workers come to town? Remote workers coming to town benefited high-skilled local service workers — workers who have at least some college education — more, per the research, since they had more variety in local goods to choose from and consume and are making more money. “There are people who definitely get more benefit out of it, like homeowners or the local service sector workers,” Yoo said.

Persons: that's, Hoyoung Yoo, Justin Harlan, Yoo, ” Yoo, That’s, “, ”, Parker Vincent, ” Vincent, There’s, “ I've, Noah Sheidlower, Laura Landers, Harlan, Tulsa Remoters, —, didn't, ” Harlan, Vincent, ’ Organizations: Tulsa Remote, Tulsa, Brookings, of Economics, University of Wisconsin Locations: Tulsa , Oklahoma, Tulsa, Madison, ”, Los Angeles, —

Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ China's Xiaomi launches high-end phone in Samsung challenge and debuts EV in Europe
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In this article 1810-HK Follow your favorite stocks CREATE FREE ACCOUNTThe Xiaomi 14 Ultra. XiaomiBARCELONA — Xiaomi launched its flagship smartphone globally on Sunday as it looks to keep up its recovery momentum, while also debuting its electric vehicle for the first time in Europe. The Chinese electronics giant launched the Xiaomi 14 for global markets at Mobile World Congress in Barcelona, after debuting it this week in China. Last year, Xiaomi launched its first electric vehicle, the SU7, opening up a new product category for the Chinese giant. The company also launched the Smart Band 8 Pro, Xiaomi Watch S3, and Xiaomi Watch 2 – a smart fitness band and two smartwatches.

Persons: Xiaomi Organizations: HK, Mobile, Apple, Samsung, IDC, Huawei, MWC, Smart Locations: BARCELONA, Europe, Barcelona, China

☆ Smartphone giants like Samsung are going to talk up 'AI phones' this year — here's what that means
▼ + stars: | 2024-02-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Companies like Qualcomm and MediaTek have launched smartphone chipsets that enable the processing power required for AI applications. Large language models are huge AI models trained on vast amounts of data that underpin applications like the widely popular chatbots. The other big part of the AI smartphone puzzle is the term "on-device AI." Previously, many AI applications on devices were actually partly processed in the cloud, then downloaded onto the phone. Smartphone makers say on-device AI improves the security of gear, unlocks new applications and also makes them faster, since the processing is done on the handset.

Persons: SeongJoon Cho, OpenAI's ChatGPT, Bryan Ma, Ma, Ben Wood, Wood Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Mobile World Congress, MWC, IDC, CNBC, Qualcomm, MediaTek, CCS Insight Locations: Seoul, South Korea, Barcelona, Spain

☆ Here's why the $3,500 Apple Vision Pro headset is so expensive
▼ + stars: | 2024-02-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

A customer tries on the Apple Vision Pro headset during the product launch at an Apple Store in New York City on Feb. 2, 2024. The Vision Pro, the new virtual reality headset from Apple, can transport you to Hawaii or the surface of the moon. The Vision Pro provides a preview of what using a computer could be like in five years, early adopters say. The Vision Pro starts at $3,499. Each Vision Pro needs two of them, one for each eye.

Persons: It's, Omdia, Jacky Qiu, OTI, Qiu Organizations: Apple, Quest, Sony Semiconductor Locations: New York City, Hawaii

☆ Odysseus lunar lander is sideways on the moon after historic touchdown
▼ + stars: | 2024-02-23 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

CNN —The Odysseus lunar lander is sideways on the moon, Intuitive Machines, the company that built the vehicle, said during a news conference Friday. Steve Altemus, chief executive officer and cofounder of Intuitive Machines, uses a model to represent how the Odysseus spacecraft landed on the moon. ‘A punch in the stomach’Notably, Intuitive Machines realized prior to descent that Odysseus had a faulty piece of navigation equipment. The hack ultimately worked, and the spacecraft made it to the lunar surface in operational condition. All told, Odysseus will likely be able to spend about nine days operating on the lunar surface, according to Tim Crain, Intuitive Machines’ chief technology officer.

Persons: Odysseus, Odie ”, Steve Altemus, NASA “, ” Altemus, Altemus, Joel Kearns, ” Kearns, “, Tim Crain, Odie, ”, ” Crain Organizations: CNN, Machines, NASA, NASA’s Langley Research Center, Apollo

☆ Buy these small-cap stocks with strong fundamentals, Bank of America says
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It has been a tough year thus far for small-cap stocks, but Bank of America has some fresh ideas for finding value in the space. Despite a bounce this month, the Russell 2000 index of small-cap stocks has slipped a fraction this year while the large-cap S & P 500 has climbed almost 7%. Against that underperformance, Bank of America strategist Jill Carey Hall recently screened for small-cap value names with strong fundamentals. She scanned the Russell 2000 for profitable stocks that are in the top 20th percentile on one or more valuation metrics, including price-to-book, price-to-earnings and enterprise value-to-sales ratios. The stock placed within the top 20% of the Russell 2000 when looking at the enterprise value to sales ratio.

Persons: Russell, Jill Carey, Wall, FactSet, Ryan Sigda, Craig, Hallum, Visteon Organizations: Bank of America, of, TAM, Outfitters, Urban Outfitters, Urban, Automotive, Wall Locations: Michigan

☆ Cramer's week ahead: Earnings from Salesforce, Snowflake, Domino's
▼ + stars: | 2024-02-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's market action, advising them to pay attention to earnings reports from companies including Salesforce, Snowflake and Domino's. "I don't know if the rosy hue from Nvidia has staying power for next week," Cramer said. On Monday, Domino's Pizza reports earnings, and Cramer said he thinks the chain's earnings will be positive and "the king of pizza" can reclaim its title. He added that he thinks cybersecurity company Zscaler's earnings won't disappoint. And on Friday, Cramer will be watching earnings from RadNet , a radiology company.

Persons: CNBC's Jim Cramer, Cramer, He'll, he's Organizations: Nvidia, Cruise Line, Royal, Federal Locations: Snowflake, Royal Caribbean

☆ Want a Nvidia alternative? These 6 chip suppliers look set to gain big from the AI boom
▼ + stars: | 2024-02-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

A number of stocks that supply Nvidia look set to gain from the AI boom, as the U.S. chip giant published another bumper quarter of earnings. Nvidia, which makes chips that are used to train artificial intelligence models, said sales had risen 265% year-on-year to more than $22 billion in its latest quarter . TSMC also makes chips for companies such as Apple and AMD . Samsung Electronics and SK Hynix make "high bandwidth memory" chips used in the latest AI chips. Japanese firm Advantest makes equipment and materials used to test AI chips during manufacturing.

Persons: TSMC, Morgan Stanley, CNBC's Michael Bloom Organizations: Nvidia, CNBC, Samsung Electronics, Micron Technology, Taiwan Semiconductor Manufacturing Company, Apple, AMD, SK Hynix, GPU, Street, BESI, BE Semiconductor Industries, TSMC, Intel, Samsung Locations: U.S, NVDA, Dutch

☆ DuPont is turning, plus the Nvidia halo and how to play Palo Alto's sell-off
▼ + stars: | 2024-02-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

In the Nvidia halo, Jim Cramer likes ServiceNow , and of the semiconductor capital equipment makers he says Lam Research is the best. Looking to pick up PANW: Jim Cramer says the Palo Alto Networks sell-off is still overdone by about 25 points. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eaton, ServiceNow, Lam, Ed Breen's, Cramer, Breen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Broadcom, Microsoft, Lam Research, Palo Alto Networks, DuPont, Barclays Industrials, Coterra Energy, Intuit, Warner Bros Discovery, Jim Cramer's Charitable, Bloomberg, Getty Locations: We're, DuPont, Santa Clara , California

☆ Moon Landing The Spacecraft Odysseus Prepares for Its Shot at the Moon
▼ + stars: | 2024-02-22 | by ( Kenneth Chang | ) www.nytimes.com time to read: +2 min

And whatever happens during Thursday’s landing attempt, expect more companies to race toward the moon in the years ahead. NASA is looking to send astronauts to the moon in the coming years, and robotic spacecraft will go there first. For NASA, buying rides on private spacecraft to take instruments and equipment to the moon is cheaper than building its own vehicles. Some of the companies that NASA had selected to bid for CLPS missions have already gone out of business. Among other ambitious business ideas: mining the moon for helium-3 for future fusion power plants on Earth.

Persons: Peregrine Organizations: NASA, Payload Services, International Space

☆ Space nukes are raising tensions between Moscow and Washington. Here’s what you need to know
▼ + stars: | 2024-02-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +8 min

Kari Bingen director of the aerospace security project and senior fellow in the international security program at the Centre for Strategic International Studies. Space-based anti-satellite nuclear weapons — or so-called space nukes — are a type of weapon designed to damage or destroy satellite systems. "It's an indiscriminate weapon," Bingen said. The deployment of a space-based nuclear weapon would mark a major advancement of Russia's military capabilities and a serious escalation of geopolitical tensions. Kari Bingen director of the aerospace security project and senior fellow in the international security program at the Centre for Strategic International Studies.

Persons: Vladimir Putin, Alexander Ryumin, Mike Turner, Joe Biden, It's, Kari Bingen, Bingen, Juan Barreto, Putin, CNBC's Silvia Amaro Organizations: Sputnik, Chelyabinsk, Afp, Getty, U.S, White, CNBC, . House Intelligence, Bloomberg, Centre, Strategic International Studies, Analysts, Strategic International, United Nations Office, Outer Space Affairs, Elon Musk, Reuters, U.S ., Space Foundation, The, NATO, General, Saturday, Munich Security Conference Locations: Russian, Chelyabinsk Region, Chelyabinsk, Washington, Moscow, Russia, Ukraine, China, Bogota, U.S, The U.S

☆ I'm backpacking the world while working as an online therapist. I have a steady income, but I'm exhausted.
▼ + stars: | 2024-02-22 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Carolina Villafuerte provides online therapy while traveling the world. AdvertisementThis as-told-to essay is based on a conversation with Carolina Villafuerte, 32, a clinical psychologist who has been backpacking since December 2022. I had studied to be a clinical psychologist and I used their advice to build an online therapy business. AdvertisementThere are some limitations to online therapy — I can't work with children or the elderly. AdvertisementHaving a steady incomeBecause I have a constant stream of income, I'm not dipping into the $10,000 I saved for emergencies.

Persons: —, Carolina Villafuerte, I'm Organizations: Service Locations: Carolina, Ecuador, Netherlands, Spain, Australia, Southeast Asia, Vietnam, Philippines

☆ Here's how to play Japan stocks, finally hitting a new high after 34 long years
▼ + stars: | 2024-02-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Japan's Nikkei 225 index , a price-weighted index of 225 Japanese stocks, has also hit an historic high. A few months before that, on December 29, 1989, Japan's Nikkei 225 Index hit an historic high that stood until this week. That's about the amount the U.S. stock market dropped at the start of the Great Depression, from 1929 to 1932. .N225 5Y mountain Nikkei 225 Index in past five years. The Japanese stock market took 20 years.

Persons: it's, Japan's, Minoru Isutani, Arnold Palmer, Richard Ferris, Peter Ueberroth, Clint Eastwood, Nori, Bart Wakabayashi Organizations: Nikkei, CNBC, Japan's Nikkei, Mitsubishi, Rockefeller Center, Lone Cypress Company, Sumitomo Bank, Taiheiyo, Lone Cypress, Toyota, Honda, Sony, Hitachi, Nintendo, Sumitomo Mitsui, Japan Hedged Equity, Dow Jones, Tokyo Stock Exchange, Retailing, Softbank, Vision Fund, Foreign, Bank of Japan, White Oak Capital, Reuters Locations: Tokyo, New York, Japanese, California, Japan, U.S, Singapore

☆ It looks like high-income shoppers are becoming increasingly loyal to Walmart
▼ + stars: | 2024-02-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Walmart is cutting prices on essentials like eggs and breadInflation has cooled in recent months after soaring during the pandemic. "Some of this is the result of customer acquisition becoming more modest, and some is because of the continued financial pressure on core Walmart shoppers which is seeing them cut back on non-essential spending," he wrote. Saunders noted that lower levels of inflation would make it harder for Walmart to acquire new customers. "This essentially puts Walmart in the position of having to work far harder and more creatively to generate growth," he wrote.

Persons: Walmart's, —, John David Rainey, Rainey, Neil Saunders, Saunders, Doug McMillon, McMillon, John Furner, Furner Organizations: Walmart, Service, GlobalData, Bureau of Labor Statistics, Shoppers

☆ CNBC Daily Open: Is the final leg of inflation fight the hardest?
▼ + stars: | 2024-02-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hong Kong ralliesHong Kong stocks rallied on Wednesday, while the wider region traded mixed. U.S. stocks tumbled overnight, dragged lower by a 4.4% drop in Nvidia shares ahead of the chipmaker's earnings report. Pros say that exposure can come from real estate investment trusts and picked 5 REITS that are in play.

Persons: Pina, Dow, Noel Quinn, Nikesh Arora, Andrew Amoils Organizations: CNBC, CSI, Nvidia, Nasdaq, HSBC, Palo, Palo Alto Networks, New Locations: Brooklyn, New York, Hong Kong, U.S, Vietnam

☆ Meta's Mark Zuckerberg to visit South Korea
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: +1 min

Meta's Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Meta's Mark Zuckerberg is planning to visit South Korea and is scheduling key meetings during his trip, Meta said in a statement on Wednesday without elaborating. The Meta CEO may also meet South Korean President Yoon Suk Yeol, the paper said. It would be his first known visit to South Korea since 2013. A presidential official confirmed that Zuckerberg had sought a meeting with Yoon, without providing further details.

Persons: Meta's Mark Zuckerberg, Zuckerberg, Jay Y, Lee, Meta, Yoon Suk Yeol, Yoon Organizations: Meta, Samsung Electronics, South Korean, Seoul Economic, South, Samsung Locations: South Korea, Seoul, South Korean

☆ This country is set to see the sharpest spike in wealth growth over the next decade
▼ + stars: | 2024-02-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Vietnam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub, according to a report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & Partners. The Southeast Asian country is forecast to see a 125% increase in wealth over the next 10 years, Andrew Amoils, New World Wealth's analyst, told CNBC. This would be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires, according to the firm's analysis. "Vietnam is an increasingly popular manufacturing base for multinational tech, automotive, electronics, clothing and textile firms," Amoils said. India, which is set to become the world's third-largest economy by 2027, takes the second spot with an expected 110% growth in wealth, he added.

Persons: Andrew Amoils, Amoils Organizations: Wealth, Henley & Partners, CNBC Locations: Vietnam, Andrew Amoils ,, India, Asia, Pacific

☆ Sam's Club CEO wants to use AI-powered cart scanners to ring you up automatically
▼ + stars: | 2024-02-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

The high-tech system uses computer vision to recognize the contents of Sam’s Club members shopping carts to confirm their purchases as they exit the warehouse — dispensing with the need for physical receipt checks. Currently installed in 10 stores, the big blue gateways are already a hit with customers, Sam’s Club CEO Chris Nicholas said on Walmart’s fourth-quarter earnings call Tuesday. Sam’s Club is a Walmart-owned company. AdvertisementSam's Club uses computer vision and AI to confirm purchases in shoppers' carts in real-time. Sam's Club US's chief merchant, Megan Crozier, even threw some shade at the small-format tech during the company’s presentation at the Consumer Electronics Show in Las Vegas.

Persons: —, Chris Nicholas, Megan Crozier, Doug McMillon, ”, Sam's Club's Nichols, Nicholas Organizations: Service, Sam's, Sam’s Club, Business, Sam’s, Walmart, US's, Consumer Locations: Las Vegas

☆ Report: North Korean missile fired by Russia against Ukraine contained US and European components
▼ + stars: | 2024-02-20 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +5 min

CNN —A North Korean ballistic missile fired last month by the Russian military in Ukraine contained hundreds of components that trace back to companies in the US and Europe, according to a new report. Last year, as CNN previously reported, CAR determined that 82% of components inside Iranian-made attack drones fired by Russia inside Ukraine were made by US companies. Courtesy Conflict Armament ResearchThe research also shows that North Korea was able to produce the missile and ship it over to Russia quickly. More evidence of Russia, North Korea tiesThe White House confirmed last month that Russia has been firing North Korean missiles at Ukrainian cities. North Korea has also likely provided Russia with “millions of artillery rounds” over the last year, according to a report published last week by the Pentagon’s inspector general.

Persons: Biden, North Korea —, ”, Korea “, Kim Jong Un, John Kirby Organizations: CNN, Research, National Security Council, North, Congress, White House, Korean, Intelligence, CAR, North Korean, United Nations Security, “, National Security Locations: Korean, Russian, Ukraine, Europe, North Korea, Iran, Russia, Kharkiv, United States, Asia, US, China, Germany, Japan, Netherlands, Singapore, Switzerland, Taiwan, American, Korea, Washington, Pyongyang

☆ Walmart beats Wall Street’s holiday expectations as e-commerce sales soar
▼ + stars: | 2024-02-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article WMT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowWalmart said Tuesday that quarterly revenue rose 6%, as shoppers turned to the big-box retailer throughout the holiday season and the company's global e-commerce sales grew by double digits. Yet, he said even after the holiday rush, Walmart saw continued sales strength. Walmart said it expects consolidated net sales to rise 4% to 5% in its fiscal first quarter. Comparable sales, an industry metric also known as same-store sales, rose 4% for Walmart U.S. At Sam's Club, comparable sales increased 1.9%, including fuel. Global e-commerce sales jumped 23% year over year, topping $100 billion in total.

Persons: John David Rainey, Rainey, Walmart's, Doug McMillon, McMillon Organizations: Walmart, CNBC, Electronics, LSEG, Walmart U.S, Sam's Club, Global, Home Locations: U.S

☆ Five moves Walmart is making to overhaul its business for the future
▼ + stars: | 2024-02-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week. A stock split means a single share gets split into multiple shares. Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.

Persons: Doug McMillon, Jeffries, “, ”, McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace Organizations: New, New York CNN, Walmart, ”, Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet Locations: New York, Arkansas, Las Vegas

☆ Analysis-Russia Seen as Highly Unlikely to Put a Nuclear Warhead in Space
▼ + stars: | 2024-02-15 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +4 min

The Latest Photos From Ukraine View All 91 ImagesAnalysts tracking Russia's space programs say the space threat is probably not a nuclear warhead but rather a high-powered device requiring nuclear energy to carry out an array of attacks against satellites. The Kremlin on Thursday dismissed a warning by the United States about Moscow's new nuclear capabilities in space, calling it a "malicious fabrication". Exploding a nuclear weapon in space would be another matter entirely. "If they do (detonate a nuclear device in space), they’d lose everything. James Acton, a nuclear expert at the Carnegie Endowment for International Peace think tank, said for Russia to put a nuclear weapon in orbit would be a "blatant violation of the Outer Space Treaty."

Persons: Joey Roulette, Arshad Mohammed WASHINGTON, Mike Turner, Antony Blinken, Daryl Kimball, Brian Weeden, Weeden, James Acton, Acton, Arshad Mohammed, Don Durfee, Jonathan Oatis Organizations: U.S . House, Reuters, Washington, U.S, Arms Control Association, U.S . Defense Intelligence Agency, Secure, Foundation, Carnegie Endowment, International Peace Locations: Russia, Russian, United States, U.S, China, India, Ukraine, Washington, Saint Paul , Minnesota

☆ Japanese chipmaker Renesas strikes $5.9 billion deal to buy software company Altium
▼ + stars: | 2024-02-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Japanese semiconductor firm Renesas Electronics said Thursday that it would acquire Sydney-listed software company Altium for 9.1 billion Australian dollars ($5.89 billion) in cash, as it seeks to streamline its electronics design process. Renesas said it would pay AU$68.50 per share, representing a 33.6% premium to Altium's closing price of AU$51.26 on Wednesday. Australia-listed shares of Altium jumped nearly 30% to near AU$66, while Tokyo-listed Renesas fell 3.2%. The deal has been unanimously approved by the board of both companies but its completion is subject to approvals from Altium shareholders, Australian court and regulators, Renesas said. The deal comes a month after Renesas agreed to buy Nasdaq-listed Transphorm for $5.10 per share in an all-cash deal worth $339 million.

Persons: Renesas, Altium, Jesper Koll, Koll, Aram Mirkazemi Organizations: Renesas Electronics, Sydney, Monex Group, CNBC, Japan Inc, Nasdaq Locations: Australia, Tokyo, Japan

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