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Broadcom rallies on forecast for booming AI chip demand

(Reuters) – Shares of Broadcom (NASDAQ:AVGO) soared 14% on Friday, with the chipmaker moving closer to $1 trillion in market value after…
Stock

Trump’s deportations could shake up the restaurant industry, but Wall Street isn’t worried

By Waylon Cunningham (Reuters) – Sweeping deportations pledged by President-elect Donald Trump could pose an economic shock for the restaurant industry in…
Stock

T-Mobile announces $14 billion buyback

(Reuters) -Telecom giant T-Mobile unveiled a $14 billion share buyback on Friday. The company in September had announced its plans to return…
Investing

How the New York Mets can justify paying one player $765 million

Earlier this year, Steve Cohen laid out his principles as the owner of the New York Mets, saying it was a “philanthropic”…
Investing

Judge blocks Albertsons-Kroger $25 billion supermarket merger

A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over rival Albertsons, ruling…
Investing

How the Olympics helped transform Salt Lake City into a tech hub

Salt Lake City has grown from a winter sports venue to a vibrant technology hub in just two decades, leveraging the legacy…
Investing

Albertsons sues Kroger after judge rules against grocery merger

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract…
Investing

Macy’s confirms rogue employee hid $151 million in expenses over three years

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday….
Economy

China vows to issue more debt, cut interest rates next year

By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China pledged on Thursday to increase the budget deficit, issue more debt and…
Economy

India’s October industrial output at 3-month high of 3.5% y/y

NEW DELHI (Reuters) – India’s industrial output rose 3.5% year-on-year in October, government data showed on Thursday. Economists polled by Reuters had…
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