By Lawrence Delevingne and Harry RobertsonBOSTON/LONDON (Reuters) - Global shares fell on Wednesday, with gold trading at record highs and the dollar languishing, as U.S. restrictions on chip sales to China and continued tariff uncertainty battered tech stocks.Washington issued new export licensing requirements for sales of Nvidia (NASDAQ:NVDA)’s H20 and AMD (NASDAQ:AMD)’s MI308 artificial int ...
By Lisa Pauline Mattackal and Purvi Agarwal(Reuters) - Wall Street’s main indexes slid on Wednesday, with chipmakers leading declines as Nvidia (NASDAQ:NVDA) warned of steep charges from new U.S. curbs on its chip exports to China, making it one of the biggest casualties of the trade war between the two countries.Global chip stocks took a battering as U.S. President Donald Trump’s shifting tra ...
(Reuters) -Activist investor Engine Capital is gearing up for a proxy battle at Lyft (NASDAQ:LYFT), after it nominated two directors to the board of the ride-hailing company on Wednesday.The hedge fund, which owns about 1% of Lyft, said it nominated Alan Bazaar and Daniel Silvers for election to the board of the company, which has underperformed rival Uber Technologies (NYSE:UBER) and the broade ...
Wednesday’s market has seen notable fluctuations among stocks within the mega-cap and large-cap categories. Investors are responding to various stimuli, from company-specific news to broader market trends. Noteworthy movements have been observed in stocks such as Nvidia Corp (NASDAQ:NVDA) and Abbott Laboratories (NYSE:ABT), among others. Here’s a rundown of some of today’s significant st ...