LONDON (Reuters) - A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd's of London said on Wednesday. The United…
By Sarah Wu and Ben Blanchard TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, will build a new kind of data centre using Nvidia chips and software for a range of applications including self-driving cars, the companies…
By Anna Tong (Reuters) - Stanford University researchers issued a report on Wednesday measuring the transparency of artificial intelligence foundation models from companies like OpenAI and Google, and the authors urged the companies to reveal more information such as the…
By Stephen Culp NEW YORK (Reuters) - Wall Street stocks tumbled and crude prices surged on Wednesday as escalating Middle East turmoil prompted a broad sell-off and stoked oil supply concerns. All three major U.S. stock indexes shed 1% or…
By Valerie Insinna and Abhijith Ganapavaram (Reuters) - Spirit AeroSystems on Wednesday unveiled an agreement with Boeing under which the beleaguered supplier will receive immediate funding from the planemaker and revised prices for 737 and 787 production, sending its shares…
By Niket Nishant, Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley's third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were also disappointed by smaller inflows to the wealth management division and the lack of…
By Giulio Piovaccari BALOCCO, Italy (Reuters) - Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch up with global market leader Ford, the unit's head said on Wednesday presenting the group's…
By Lucia Mutikani WASHINGTON (Reuters) - U.S. single-family homebuilding rebounded in September, boosted by demand for new construction amid an acute housing shortage, but the highest mortgage rates in nearly 23 years could slow momentum and delay the overall housing…
By Leroy Leo and Pratik Jain (Reuters) - Abbott Laboratories said the market was overestimating the hit to sales of its glucose monitoring products from growing popularity of new diabetes drugs, adding the treatments could end up boosting sales of…
By Laura Matthews and Pritam Biswas (Reuters) -Nasdaq on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes and anti-financial crime products. The company has been expanding beyond market-sensitive businesses like trading to…
