Finance

Atlassian to acquire DX in $1 billion deal

Atlassian to acquire DX in $1 billion deal

(Reuters) -Atlassian said on Thursday it has entered into a definitive agreement to acquire developer intelligence platform DX for about $1 billion in cash and restricted stock, including DX̵...

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China’s DeepSeek says its hit AI model cost just $294,000 to train

China’s DeepSeek says its hit AI model cost just $294,000 to train

By Eduardo Baptista BEIJING (Reuters) -Chinese AI developer DeepSeek said it spent $294,000 on training its R1 model, much lower than figures reported for U.S. rivals, in a paper that is likely to...

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Cracker Barrel shares slump as logo change blowback dents restaurant traffic

Cracker Barrel shares slump as logo change blowback dents restaurant traffic

By Juveria Tabassum (Reuters) -Cracker Barrel shares fell nearly 10% before the bell on Thursday, after social media backlash around the restaurant chain’s short-lived decision to change its...

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Nvidia Bets Big on Intel With $5B Investment

Nvidia Bets Big on Intel With $5B Investment

Zeng Yu / VCG via Getty Images Intel shares are soaring Thursday after Nvidia announced a $5 billion investment in the struggling chipmaker. Nvidia is investing $5 billion in Intel and w...

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US Fed starts easing path, other major central banks on hold

US Fed starts easing path, other major central banks on hold

By Sara Rossi LONDON (Reuters) -The U.S. Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. Th...

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