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Tesla plans $20 billion capital spending spree in push beyond human-driven cars
Reuters· 2026-01-29 02:57
Core Viewpoint - Tesla plans to significantly increase its capital spending to over $20 billion this year, focusing less on traditional electric vehicle sales to human drivers [1] Group 1: Capital Spending - Tesla's capital spending is set to more than double compared to previous years, reaching a record high of over $20 billion [1] Group 2: Business Focus - A minimal portion of the increased capital expenditure will be allocated to the traditional business of selling electric vehicles to human drivers [1]
Thoma Bravo-backed Anaplan prepares confidential IPO filing, The Information reports
Reuters· 2026-01-29 01:43
U.S. software maker Anaplan could file confidentially for an initial public offering in coming weeks, The Information reported on Wednesday, nearly four years after private equity firm Thoma Bravo took the firm private in a $10.4 billion deal. ...
Murdoch's News Corp goes west with launch of California Post
Reuters· 2026-01-29 01:20
Core Viewpoint - The California Post, a conservative daily tabloid, has launched, representing the New York Post's expansion into the West Coast media landscape [1] Group 1 - The California Post is published by Rupert Murdoch's News Corp, indicating a strategic move by the company to broaden its media presence [1] - The launch signifies an effort to tap into the West Coast market, which may present new opportunities for audience engagement and advertising revenue [1]
Bumble, Match, Panera Bread and CrunchBase hit by cyberattacks, Bloomberg News reports
Reuters· 2026-01-29 00:19
Core Insights - Bumble, Match Group, and CrunchBase experienced cyberattacks, as reported by Bloomberg News, citing spokespersons from the affected companies [1] Company Impact - Bumble, Match Group, and CrunchBase are the specific companies that were targeted in the cyberattacks [1]
Google disrupts large residential proxy network, reducing devices used by operators by 'millions'
Reuters· 2026-01-28 23:51
Google said on Wednesday it has taken action to remove domains belonging to one of the largest residential proxy networks in the world, called IPIDEA, in an effort to protect millions of consumer devi... ...
Samsung profit triples to record high as AI boom exacerbates chip shortage
Reuters· 2026-01-28 22:47
Core Viewpoint - Samsung Electronics reported a significant increase in operating profit, which more than tripled to a record high of 20 trillion won ($13.98 billion) in the fourth quarter, driven by the growing demand for artificial intelligence technologies [1] Financial Performance - The operating profit reached 20 trillion won, marking a substantial increase compared to previous quarters [1] - The growth in profit is attributed to the intensified competition in the artificial intelligence sector, which has led to increased investments and demand for related technologies [1]
Citi expects oil prices to stay elevated despite oversupply risks
Reuters· 2026-01-28 22:37
Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the year exp... ...
Exclusive: Nvidia helped DeepSeek hone AI models later used by China's military, lawmaker says
Reuters· 2026-01-28 22:19
U.S. chipmaker Nvidia helped China's DeepSeek hone artificial intelligence models that were later used by the Chinese military, the chairman of a U.S. House of Representatives committee said in a lett... ...
Lam Research forecasts strong quarterly results on chipmaking tool demand
Reuters· 2026-01-28 22:18
Core Viewpoint - Lam Research has forecasted third-quarter revenue that exceeds Wall Street expectations due to an increase in orders for its chipmaking tools [1] Group 1: Company Performance - Lam Research's revenue forecast for the third quarter is above Wall Street expectations, indicating strong demand for its products [1] Group 2: Industry Trends - The increase in orders for chipmaking tools suggests a growing trend in the semiconductor industry, reflecting heightened enterprise investment in chip production [1]
TRADING DAY Fed almost incidental to market swirl
Reuters· 2026-01-28 22:10
The dollar snapped higher and Wall Street wobbled on Wednesday, but not before the S&P 500 broke above 7,000 points for the first time, after the Federal Reserve kept interest rates on hold and flagged rising inflation risks. ...