Finance

Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation

Nvidia AI chip challenger Groq raises even more than expected, hits $6.9B valuation

Groq AI chip | Image Credits:Groq AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion. This topped the rumored n...

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FBI Asks SafeMoon Victims for Info Amid Restitution Efforts

FBI Asks SafeMoon Victims for Info Amid Restitution Efforts

A federal jury’s conviction of SafeMoon CEO Braden John Karony on fraud and money-laundering charges has heightened U.S. scrutiny of token promoters, as the FBI seeks investors defrauded in the co...

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Brazil’s beef exports to US to fall further in September after tariffs, industry group says

Brazil’s beef exports to US to fall further in September after tariffs, industry group says

By Roberto Samora SAO PAULO (Reuters) -Brazil’s beef exports to the United States are seen falling further in September from the previous months, the head of local beef lobby Abiec said on ...

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Cracker Barrel expects weaker sales and restaurant traffic after logo controversy

Cracker Barrel expects weaker sales and restaurant traffic after logo controversy

Cracker Barrel said Wednesday it expects lower sales and weaker customer traffic in the coming year as the controversy over its planned logo change continues to play out. In a conference call with...

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New Zealand economy weaker than expected in second quarter, contracts 0.9%

New Zealand economy weaker than expected in second quarter, contracts 0.9%

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s economy shrank more than expected in the second quarter as heightened uncertainty around U.S. tariffs and ongoing weakness in the housing...

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