Nvidia sales outlook tops analyst views; shares rise

Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.

Billionaire Stanley Druckenmiller placed bet against Tesla during fourth quarter

Billionaire investor Stanley Druckenmiller bet against electric carmaker Tesla Inc during the fourth quarter, wagering that its share price will fall, according to quarterly filings released on Thursday.

Feeling unwelcome, Amazon ditches plans for New York hub

Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians.

Amazon's NY exit spurs reactions on money saved and jobs lost

Amazon.com Inc's decision on Thursday to scrap its proposal to locate a second headquarters in the Queens borough of New York City ignited a sea of dueling reactions on Twitter, with some calling it a victory for working people while others said it meant that fewer people would work.

Nvidia beats fourth-quarter profit estimates, shares rise

Nvidia Corp on Thursday reported fourth-quarter profit above Wall Street estimates, sending its shares up 9 percent in extended trading.

Fintechs could help Mexicans abroad send money home more cheaply: Finance Ministry

Mexico's new government is trying to slash the cost of sending cash home for Mexican families living abroad and is hoping competition from fintechs will encourage banks and services like Western Union to reduce commissions and improve exchange rates.

Nvidia forecasts first-quarter revenue below estimates

Nvidia Corp forecast first-quarter revenue below Wall Street estimates on Thursday, as the chip designer struggles with slowing sales to data centers and weak demand for its gaming chips, especially in China.

Israeli software firm DriveNets raises $110 million in first funding round

Israeli networking software company DriveNets said on Thursday it raised $110 million in its first round of financing led by Bessemer Venture Partners and Israel's Pitango Growth, with the participation of several private investors.

Amazon pulls the plug on New York headquarters

Amazon.com Inc abruptly scrapped plans for a new headquarters in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians.

Amazon pulls plug on New York City headquarters

Amazon.com Inc abruptly scrapped plans to build a headquarters in New York after opposition from local politicians and some of its would-be neighbors, the third most-valuable public U.S. company said on Thursday.

New York mayor: Amazon 'threw away opportunity'

New York Mayor Bill de Blasio criticized Amazon.com Inc for walking away from a plan to establish a headquarters in the city in the face of political opposition, saying the company "threw away" an opportunity and failed to work with the community.

Amazon to New York City: Fuggedaboutit!

Amazon.com Inc will not move forward with plans to build a headquarters in New York after rising opposition from local politicians, the third most-valuable public U.S. company said in on Thursday.

Computers could write full - and wrong - news stories - researchers

A research group backed by Silicon Valley heavyweights on Thursday released a paper showing that technology that can generate realistic news stories from little more than a headline suggestion is poised to advance rapidly in the coming years.

Xcelerate to sell third-party warranties for EVs including Teslas

Auto leasing and financing company Xcelerate said on Thursday it has launched the first U.S. third-party extended warranties for electric vehicles, including those of market leader Tesla Inc, filling a void for used vehicles that have so far lacked such coverage.

Amazon will abandon plans to build second headquarters in New York

Amazon.com Inc said Thursday it will not move forward with plans to build a headquarters in New York after rising opposition from local politicians.

JPMorgan Chase to create digital coins using blockchain for payments

JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called "JPM Coin", that customers will be able to use for instant transfer of payments over a blockchain network.

GM unveils 'Ariv' e-bikes, plans Europe launch in second quarter

General Motors Co announced on Thursday that its brand of electric bicycles would be called "Ariv" and begin selling in Europe in the second quarter of 2019.

Exclusive: Alibaba in talks on stake in China operations of Germany's Metro - sources

Chinese E-commerce giant Alibaba Group Holding Ltd is in talks with Germany's Metro about taking a stake in the German retailer's China operations, three sources told Reuters on Thursday.

Google, Amazon among those targeted in EU unfair practices digital rules

Google, Amazon and other tech firms will have to tell companies how they rank their own or rival products on their platforms under new rules agreed by EU negotiators aimed at stopping unfair practices by online platforms and app stores.

Amazon secures London retail space for checkout-free stores: The Grocer

Amazon has secured central London retail space for its checkout-free Amazon Go food stores concept, The Grocer reported, in what would be the company's first expansion of its automated convenience shops outside the United States.