By Shariq Khan and Seher Dareen NEW YORK (Reuters) – U.S. refiners pumped out jet fuel last week at the fastest pace since the pandemic, government data showed, as they look to keep up with forecasts of record air travel this summer. U.S. refiners’ net production of jet fuel hit about 1.9 million barrels per…
(Reuters) – Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. Nvidia’s market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement…
By Maha El Dahan DUBAI (Reuters) – Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away…
By David Shepardson WASHINGTON (Reuters) – A U.S. appeals court on Friday upheld the decision of the Federal Communications Commission to approve a SpaceX plan to deploy thousands of Starlink satellites to provide space-based broadband internet service. The U.S. Court of Appeals for the District of Columbia rejected a legal challenge from DISH Network and…
By Gabriel Araujo GAVIAO PEIXOTO, Brazil (Reuters) – Electric aircraft maker Eve has showcased for the first time the full-scale prototype of its “flying taxi,” achieving a milestone as the company aims to obtain certification and enter service in 2026. Eve, controlled by Embraer, rolled out its electric vertical take-off and landing (eVTOL) aircraft prototype…
By Michael Erman (Reuters) – A 15-day course of Pfizer’s COVID-19 antiviral treatment Paxlovid did not relieve symptoms of long COVID, according a study by Stanford University researchers. Currently, there are no proven treatments specifically for long COVID in which a host of symptoms can last for many months after initial coronavirus infection. Scientists and…
By Andrea Shalal and John Irish BORGO EGNAZIA, Italy (Reuters) -Pope Francis made an historic appearance at the Group of Seven summit on Friday to speak about the pros and cons of artificial intelligence, while G7 leaders also pledged to tackle what they said were harmful business practices by China. Italian Prime Minister Giorgia Meloni,…
(Reuters) – U.S. technology firm Apple has become the first brand to cross $1 trillion in brand value, a 15% jump from last year, a global ranking by Kantar’s BrandZ showed on Wednesday. The iPhone maker retained its crown as the world’s most valuable brand for the third straight year in 2024, followed by Alphabet’s…
By Luc Cohen NEW YORK (Reuters) -U.S. Senator Bob Menendez was convicted on Tuesday at his corruption trial by a jury in Manhattan federal court, completing the once-powerful New Jersey Democrat’s dramatic downfall. The jury deliberated for more than 12 hours over three days before reaching a verdict in a trial that had taken nine…
By Zaheer Kachwala (Reuters) – Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value…
