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The Cisco logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023.

Cisco says hackers subverted its security devices to spy on governments

Raphael Satter |Updated 11 minutes ago |2 min read

By Raphael Satter WASHINGTON (Reuters) - Technology firm Cisco Systems said that hackers have subverted some of its digital security devices to break in to government networks globally. In a blog post published on Wednesday, the company said its ...

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Teradyne sees strong Q2 results on steady chip-testing equipment demand

Reuters |Updated 11 minutes ago |1 min read

(Reuters) - Semiconductor-testing equipment maker Teradyne forecast second-quarter profit and revenue above Wall Street estimates on Wednesday, helped by strong demand for its chip-testing equipment. Shares of the company rose nearly 8% in ...

Brazil's Finance Minister Fernando Haddad attends an interview with Reuters in Brasilia, Brazil, October 18, 2023.

Brazil's government submits rules to streamline consumption taxes

Reuters |Updated 20 minutes ago |2 min read

BRASILIA (Reuters) - Brazil's government submitted proposed rules to Congress on Wednesday to carry out a historic tax overhaul approved last year, a key element of President Luiz Inacio Lula da Silva's strategy to foster growth in Latin ...

SaltWire

Raymond James Q2 profit rises on strong capital markets performance

Reuters |Updated 30 minutes ago |1 min read

(Reuters) - Raymond James on Wednesday posted a 11% rise in second-quarter adjusted profit, powered by strong performance in its capital markets business on the back of a rebound in mergers and acquisitions. After a two-year dry spell, global ...

The BYD logo is displayed on a vehicle in Bangkok, Thailand, March 25, 2024.

China's BYD seeks to redefine luxury for the EV generation

Reuters |Updated 48 minutes ago |4 min read

BEIJING (Reuters) - Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany's Mercedes-Benz which three years ago pulled out of the brand's development ...

A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023.

Disappointing Meta forecast pulls down tech peers in extended trade

Stephen Culp |Updated 51 minutes ago |1 min read

By Stephen Culp NEW YORK (Reuters) - Disappointing forecasts from Facebook parent Meta Platforms has proven contagious, sparking a sell-off in tech and tech-related stocks in after-hours trading. Meta said it expects increased spending on AI ...

A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023.

Morning Bid: Japan's FX no-show, Meta plunges

Jamie McGeever |Updated 1 hour ago |3 min read

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take to prevent further weakness, dominate the market landscape across ...

The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019

BHP considering potential buyout offer for Anglo American, Bloomberg reports

Reuters |Updated 1 minutes ago |1 min read

(Reuters) -Global mining giant BHP Group is considering a potential buyout of British multinational mining company Anglo American Plc, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Deliberations are at an early ...

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Microsoft-backed Rubrik prices IPO above range at $32 per share, source says

Echo Wang |Updated 1 hour ago |2 min read

By Echo Wang NEW YORK (Reuters) - Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person ...

SaltWire

O'Reilly Automotive's profit misses on higher costs

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Auto parts distributor O'Reilly Automotive missed analysts' estimates for first-quarter profit on Wednesday, hurt by increased costs, sending its shares down more than 3% after the bell. Investments in store expansion and securing ...

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