Latest Technology News and Reviews

Analysis-Trade war with China casts dark cloud over new US LNG projects

President Donald Trump's emerging trade war with Beijing poses a new threat to billions of dollars in planned U.S. liquefied natural gas export projects, many of which rely on China as a key buyer, according to analysts, industry sources, and company filings. The threat reflects the double-edged nature of Trump's protectionist policies, which are intended to boost U.S. business and force action to stop drug trafficking and illegal immigration, but could also inadvertently undermine his hopes of vastly expanding U.S. energy output. Trump over the weekend announced a 10% tariff on Chinese imports as part of a broad plan to improve the U.S. trade balance, triggering retaliation from Beijing which slapped a 15% tariff on U.S. LNG and coal, and a 10% tariff on U.S. oil.

Canada's Trans Mountain expects more interest in pipeline system if US implements tariffs

Canadian pipeline operator Trans Mountain said it expects to see increased interest to ship on its system if the United States slaps tariffs on Canadian oil imports in a month. The pipeline, which can carry up to 890,000 barrels per day of crude from Alberta to Canada's Pacific Coast, has been about 80% utilized, with about 20% capacity available for spot shipping at more expensive rate. While exports of crude oil that flowed through Trans Mountain's pipelines represented only 9% of Canada's total crude exports, it has come in the spotlight after U.S. President Donald Trump said he would slap 10% tariffs on Canadian oil imports by the United States.

Accel backs Indian AI startup building 'ChatGPT for presentations'

Presentations.ai, an Indian startup that uses AI to help companies quickly generate presentation decks, has raised $3 million in a seed round led by Accel to scale its software that has emerged from beta after amassing millions of users. Presentations are ubiquitous throughout a business journey — whether a large corporation or a startup — to acquire new customers, update investors, and communicate milestones internally. Yet, businesses still struggle, spending hours cracking compelling presenta

Encino's owner mulls $7 billion sale, IPO of energy producer, sources say

(Reuters) -Canadian pension fund CPP Investments is weighing strategic options, including a sale or initial public offering, for Encino Acquisition Partners that could value the U.S. oil and natural gas producer at as much as $7 billion, including debt, people familiar with the matter said. The deliberations come as the energy industry is anticipating tailwinds from the administration of President Donald Trump, which has put forward an economic agenda tailored to boost fossil-fuel production, as it speeds up permits for energy projects and rolls back environmental protections. Moreover, the booming demand for artificial intelligence and data centers is expected to drive a jump in U.S. power demand, which in turn is likely to boost the need for natural gas to fuel power generation.

Frank founder Charlie Javice jury can't hear what she thought of Theranos fraudster Elizabeth Holmes: judge

Charlie Javice, the founder of the now-shuttered college financial aid startup Frank, is set to stand trial this month on fraud charges.

Acting CFTC chair restructures agency's enforcement division

The U.S. Commodity Futures Trading Commission will reorganize its Division of Enforcement's task forces to end "regulation by enforcement" and instead focus on combating fraud and helping victims, CFTC's acting chairman said on Tuesday. The agency, which polices commodities and swaps markets, will be folding previous task forces into two new units targeting complex fraud and targeting retail fraud and general enforcement, the CFTC said in a statement. CFTC Acting Chairman Caroline Pham said in the statement the new structure will "stop regulation by enforcement" and maximize the agency's resources to target fraudsters and other bad actors.

Roblox’s ‘Brookhaven RP’ Video Game Is Sold by Mystery Creator

(Bloomberg) -- Brookhaven RP, the most popular title on Roblox Corp.’s video-game service, was sold by its mystery creator to Voldex Entertainment Ltd., a startup that specializes in developing user-generated titles.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomHistoric London

Venezuela oil exports rise on Chevron's cargoes, more supply to China

Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major Chevron Corp from its joint ventures with state firm PDVSA, and more cargoes to China, data based on vessel movements showed. The administration of former U.S. President Joe Biden last year did not renew a broad authorization for sanctioned Venezuela to freely export its oil, but granted individual licenses to some PDVSA partners and customers, allowing exports to flow to markets such as the U.S., Europe and India. President Donald Trump has said the U.S. does not need Venezuela's oil, but has not taken any action to amend or revoke licenses as his government makes initial contacts with Venezuelan President Nicolas Maduro, whose re-election last year was not recognized by Washington.

Lebanon President says he hopes TotalEnergies will resume oil and gas exploration soon

Lebanon President Joseph Aoun on Tuesday told Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani that he hopes TotalEnergies will soon resume oil and gas exploration off the coast of Lebanon, according to a statement from the president's office. In 2023 state-owned QatarEnergy joined France's TotalEnergies and Italy's Eni (ENI.MI) in a three-way consortium to look for oil and gas in two maritime blocks off the coast of Lebanon. TotalEnergies did not respond immediately to a request for comment.

Apple Debuts Invites App, Care+ Changes in Subscription Push

(Bloomberg) -- Apple Inc. rolled out a new app for creating event invitations and made changes to its AppleCare+ customer support for iPhones, part of a broader push to generate more subscription revenue. Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomTransportation Memos Favor

Nvidia sell-off hasn't rocked this bull looking for a nearly 60% pop in the AI darling

Why one of Wall Street's biggest Nvidia bulls isn't budging on his call despite fresh fears.

ADNOC's US investments moved to international arm XRG

Abu Dhabi National Oil Company's investments in the United States now sit within its new international investment arm XRG, ADNOC's CEO said on Tuesday, as the oil giant moves to build up a business focused on lower carbon energy and chemicals. The U.S. investments are in an ExxonMobil hydrogen plant and in NextDecade's liquefied natural gas facility.

NXP Gives Disappointing Sales Forecast as Chip Slump Lingers

(Bloomberg) -- NXP Semiconductors NV gave a disappointing forecast for first-quarter revenue, signaling that sluggish demand for industrial and automotive chips is lingering.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomTransportation Memos Favor Places With Higher Birth and Ma

Apple lashes out at iPhone porn app maker and the EU rules allowing its download

Apple has chided a newly available pornography app available in the European Union, and warned that the bloc’s digital rules opening the way for third-party app store downloads undermines consumer confidence in the tech giant. AltStore PAL, an alternative app marketplace made possible under Europe's Digital Markets Act (DMA), unveiled the Hot Tub iPhone app this week, which is described as an adult content browser. The digital rulebook forces Big Tech companies to open their services up to more competition, including allowing phone users to download from alternative app stores instead of being limited to the official app stores from Apple and Google, for example.

Exclusive-BP poised to invest up to $25 billion in Iraq’s Kirkuk oil and gas

BAGHDAD (Reuters) -Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Baghdad seeks to win back foreign investment. Provided the deal is signed, which the official said could be over the coming weeks, it would mark a breakthrough for Iraq, where output has been constrained by years of war, corruption and sectarian tensions. Even so it is the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), behind only Saudi Arabia.

Spotify Shares Surge on Subscriber Gains, First Annual Profit

(Bloomberg) -- Spotify Technology SA posted another quarter of better-than-expected subscriber growth in the fourth quarter, helping the Swedish music company record its first-ever annual profit.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomTransportation Memos Favor Places Wit

Regeneron beats quarterly estimates on eczema drug demand; launches dividend program

Regeneron Pharmaceuticals beat fourth-quarter sales and profit estimates on Tuesday, on continuing demand for its eczema treatment, Dupixent, and announced a dividend and stock buyback program, sending its shares up 2.2% premarket. U.S. sales of Eylea, which has been its long-standing cash cow, rose by 2% to $1.5 billion, including $305 million from the higher 8-milligram dose version. Analysts were expecting $1.77 billion in total Eylea sales, according to LSEG data.

7 Well-Known Cryptocurrencies You Should Never Invest In, According to Experts

Not everything that glitters is gold, even in the cryptocurrency market. While some coins revolutionize industries and offer solid returns, others rely solely on hype, lacking the fundamentals for...

Microsoft's Bill Gates issues this key reminder to Nvidia bulls

Delivering on high expectations won't be getting any easier for market darling Nvidia, Bill Gates warns.

Ex-McKinsey consultant launched an AI startup that he says can help smaller firms take on the 'goliaths' in the consulting industry

The co-founders of the start up Perceptis, including a McKinsey alum, say AI can take over some of the most tedious tasks that consultants do.

Marathon Petroleum Q4 profit beats amid challenging margin environment

(Reuters) -U.S. refiner Marathon Petroleum posted a sharp decline in fourth-quarter earnings on Tuesday but still beat Wall Street estimates, as strength in its midstream segment helped offset a steep decline in refining margins amid a challenging market environment. For the fourth quarter, Marathon's refining margin was $12.93 per barrel, down more than 27% from a year ago, but beat expectations of several brokerages. As of the end of the year, the refiner had $7.8 billion remaining under its share repurchase authorization.

Morning Bid: 'Phantom' Trump tariffs get more real in China

After a four-day guessing game and much financial turbulence, the United States and China appear to have resumed a tit-for-tat trade war while Mexico and Canada get at least a month to breathe - leaving markets somewhat punchdrunk and wary of next steps. The upshot for currencies most violently disturbed by the process is Mexico peso's and Canada's dollar are both back higher than they were when the latest merry-go-round of threat, counter-threat and deferrals began on Friday - bouncing from respective two- and 22-year lows hit in the interim. Despite the deadline for 10% U.S. tariffs on China passing earlier on Tuesday and China's instant retaliation with plans for import taxes of up to 15% on a range of U.S. goods from next week, the yuan was firmer and also back where it was on Friday.

Infineon Surges on Outlook Raise That Defies Chip Sector Slump

(Bloomberg) -- Infineon Technologies AG shares surged the most in nine months after the chipmaker forecast revenue that beat analyst estimates, a bright spot in an industry that’s been grappling with a prolonged slump. Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomTransportatio

Serbian oil company NIS asks U.S. Treasury for a 90-day waiver of sanctions

Serbian oil company NIS, which is majority-owned by Russia's Gazprom Neft and Gazprom, has submitted a formal request to the U.S. Treasury Department for a waiver of sanctions for 90 days, Serbia's energy ministry said on Tuesday. In a statement, the ministry said that the NIS request has the backing of the Serbian and Hungarian governments.

Tesla Supplier Panasonic to Cut Costs to Support Shift Into AI

(Bloomberg) -- Panasonic Holdings Corp. is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift into more lucrative areas such as powering AI data centers.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomTransportation

Factbox-What are five new critical metal exports restricted by China?

China announced sweeping export restrictions on Tuesday targeting five metals used across defence, clean energy and other industries minutes after an additional 10% tariff on Chinese goods imposed by U.S. President Donald Trump came into effect. Approximately 60% of its U.S. consumption goes to making tungsten carbide, a highly durable material widely used across construction, metalworking, and oil and gas drilling. Like many other critical minerals, China dominates the production and export of tungsten and produced just over 80% of global supply in 2023.

China tariff retaliation targets its modest US energy imports

SINGAPORE (Reuters) -China is the world's top energy importer but its purchases from the United States are relatively modest, blunting the impact of Beijing's move on Tuesday to slap retaliatory tariffs on imports of U.S. crude oil, liquefied natural gas (LNG) and coal. Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos, starting on Feb. 10.

Investors seek answers on Novo Nordisk's next-gen obesity drug CagriSema

Novo Nordisk is under pressure from investors for more information about its next-generation obesity drug candidate CagriSema amid a lack of clarity over trial results that hammered its shares in December. Novo believes CagriSema could be more powerful than its blockbuster weight-loss injection Wegovy, but investors are worried whether it will be good enough to retake the lead from rival Eli Lilly in the competitive obesity drug market. In its December read-out, Novo said the most common adverse events in the trial were gastrointestinal and the vast majority were mild to moderate and diminished over time, consistent with CagriSema's broader class of GLP-1 receptor agonist drugs.

Software firm Dassault Systemes sees higher sales, earnings in 2025

(Reuters) -Software developer Dassault Systemes on Tuesday forecast revenue growth of between 6% and 8% for 2025, up from 5% last year, counting on its competitive positioning after its software revenue improved in the final quarter of 2024. It also sees an operating margin of between 32.6% and 32.9%, compared with the 2024 margin of 31.9%. Dassault's German peer SAP, Europe's largest software maker, raised its 2025 operating profit outlook last week, as it anticipates accelerating cloud revenue growth.

KKR Raises Offer for Fuji Soft in $4.3 Billion Tussle With Bain

(Bloomberg) -- KKR & Co. raised its offer price for Fuji Soft Inc. to fend off a rival bid from Bain Capital, the latest chapter in a months-long battle for the Japanese software company.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomHistoric London Elevator Faces Last Stop in L

Grab, GoTo Accelerate Merger Talks and Aim for Deal in 2025

(Bloomberg) -- Grab Holdings Ltd. and GoTo Group have accelerated merger talks and target a deal this year, seeking to end years of losses in Southeast Asia’s competitive internet market.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomHistoric London Elevator Faces Last Stop in L

OpenAI to Deepen Services Within Korea’s Largest Social Media

(Bloomberg) -- Kakao Corp. and OpenAI have agreed to integrate ChatGPT and other AI services more deeply into Korea’s largest social media platform, another significant customer win for Sam Altman’s startup.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyWhen French Communists Went on a Brutalist Building BoomHistoric London Elevator

Salesforce to cut 1,000 roles, Bloomberg News reports

Displaced workers will be able to apply for other jobs internally, the Bloomberg report said, citing a person familiar with the matter. Salesforce did not immediately respond to a Reuters request for comment. In December last year, CEO Marc Benioff said that Salesforce has closed more than 1,000 paid deals for "Agentforce," its platform for creating AI-powered virtual representatives.

Oil mixed as Trump restores pressure on Iran, tariff drama caps prices

HOUSTON (Reuters) -Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President Donald Trump restored his "maximum pressure" campaign on Iran, in a bid to drive Iranian oil exports to zero, per a U.S. official. Trump signed the presidential memorandum ahead of his meeting with Israeli Prime Minister Benjamin Netanyahu, ordering the U.S. Treasury secretary to impose "maximum economic pressure" on Iran, including sanctions and enforcement mechanisms. Oil came under pressure early as new 10% U.S. tariffs on Chinese imports took effect on Tuesday, spurring retaliatory tariffs by Beijing.

Google makes its appeal to overturn jury verdict branding the Play Store as illegal monopoly

Google went to appeals court Monday in an attempt to convince a three-judge panel to overturn a jury's verdict declaring its app store for Android smartphones as an illegal monopoly and block the penalties imposed by a federal judge to stop the misbehavior. Video game maker Epic Games, which brought the case alleging Google's Play Store has been abusing its stranglehold over the Android app market, countered with arguments outlining why both the verdict and punishment should be affirmed to foster more innovation and lower prices.

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Colombia's Petro calls for sale of Ecopetrol fracking operations in US

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Bill Gates reminder on Intel struggles: One can get 'annihilated' if you miss a turn in the market

Trump says new US sovereign wealth fund could play role in TikTok rescue

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Microsoft co-founder Bill Gates on trying acid, the future of AI, and Trump’s healthcare focus

Apple earnings top Wall Street forecasts while iPhone, China sales fall short

Alphabet Slides After Cloud Sales Fall Short of Expectations

China retaliatory measures to have limited impact on energy prices, Goldman says

Alphabet is planning to spend big on AI again this year, sending shares down

AMD posts Q4 earnings beat, strong Q1 forecast

Alphabet stock tumbles after cloud revenue miss, spending growth

IBM Gives Long-Term Sales Growth Outlook That Tops Expectations

Analysis-Trade war with China casts dark cloud over new US LNG projects

Canada's Trans Mountain expects more interest in pipeline system if US implements tariffs

Accel backs Indian AI startup building 'ChatGPT for presentations'

Encino's owner mulls $7 billion sale, IPO of energy producer, sources say

Frank founder Charlie Javice jury can't hear what she thought of Theranos fraudster Elizabeth Holmes: judge

Acting CFTC chair restructures agency's enforcement division

Roblox’s ‘Brookhaven RP’ Video Game Is Sold by Mystery Creator

Venezuela oil exports rise on Chevron's cargoes, more supply to China

Lebanon President says he hopes TotalEnergies will resume oil and gas exploration soon

Apple Debuts Invites App, Care+ Changes in Subscription Push

Nvidia sell-off hasn't rocked this bull looking for a nearly 60% pop in the AI darling

ADNOC's US investments moved to international arm XRG

NXP Gives Disappointing Sales Forecast as Chip Slump Lingers

Apple lashes out at iPhone porn app maker and the EU rules allowing its download

Exclusive-BP poised to invest up to $25 billion in Iraq’s Kirkuk oil and gas

Spotify Shares Surge on Subscriber Gains, First Annual Profit

Regeneron beats quarterly estimates on eczema drug demand; launches dividend program

7 Well-Known Cryptocurrencies You Should Never Invest In, According to Experts

Microsoft's Bill Gates issues this key reminder to Nvidia bulls

Ex-McKinsey consultant launched an AI startup that he says can help smaller firms take on the 'goliaths' in the consulting industry

Marathon Petroleum Q4 profit beats amid challenging margin environment

Morning Bid: 'Phantom' Trump tariffs get more real in China

Infineon Surges on Outlook Raise That Defies Chip Sector Slump

Serbian oil company NIS asks U.S. Treasury for a 90-day waiver of sanctions

Tesla Supplier Panasonic to Cut Costs to Support Shift Into AI

Factbox-What are five new critical metal exports restricted by China?

China tariff retaliation targets its modest US energy imports

Investors seek answers on Novo Nordisk's next-gen obesity drug CagriSema

Software firm Dassault Systemes sees higher sales, earnings in 2025

KKR Raises Offer for Fuji Soft in $4.3 Billion Tussle With Bain

Grab, GoTo Accelerate Merger Talks and Aim for Deal in 2025

OpenAI to Deepen Services Within Korea’s Largest Social Media

Salesforce to cut 1,000 roles, Bloomberg News reports

Oil mixed as Trump restores pressure on Iran, tariff drama caps prices

Google makes its appeal to overturn jury verdict branding the Play Store as illegal monopoly

Trump tariffs to hit tech heavyweights, chip giants could be next

Bill Gates reminder on Intel struggles: One can get 'annihilated' if you miss a turn in the market

Trump says new US sovereign wealth fund could play role in TikTok rescue

Virginia bank prescribes cannabis to close revenue gap