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US smartphone sales slump in January on fewer device upgrades, Counterpoint finds

(Reuters) - U.S. smartphone sales plunged 10% in January on weak demand for cheaper Android devices and as customers delayed upgrades ahead of the launch of Samsung Electronics' Galaxy S24 series,

US targets China’s top chipmaking plant after Huawei Mate 60 Pro, sources say

By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -The Biden administration is turning up the heat on China's top sanctioned chipmaker by cutting off its most advanced factory from more

Texas crypto company sues SEC for ‘overreach’ on digital assets

By Jody Godoy (Reuters) - A Texas cryptocurrency company and an industry group sued the U.S. Securities and Exchange Commission on Wednesday, saying the regulator has overstepped its authority and

Google brings Gemini AI models to enterprise tools

(Reuters) - Google said on Wednesday that some of its artificial intelligence tools that it offers to businesses will be powered by the company's "Gemini" AI models and available at a lower-priced

US offers up to $15 million for information on Lockbit leaders, State Dept says

WASHINGTON (Reuters) - The U.S. is offering a reward of up to $15 million for information leading to the identification or location of the leaders of Lockbit, a a notorious cybercrime gang that holds

Palo Alto Networks sparks selloff in cybersecurity stocks with forecast cut

(Reuters) - Palo Alto Networks sank 23% on Wednesday and sparked a selloff in cybersecurity stocks after softer client spending and steep promotions forced the company to cut its annual billings

Garmin forecasts strong 2024 revenue, beats quarterly estimates

(Reuters) - Navigation device maker Garmin beat fourth-quarter earnings expectations and forecast full-year revenue above estimates on Wednesday, betting on strong growth in its auto and fitness

Chipmaker Analog Devices forecasts weak Q2 as excess supply hurts

(Reuters) - Chipmaker Analog Devices forecast second-quarter profit and revenue below estimates on Wednesday, as it grapples with uncertain demand from the industrial and automotive sectors. The

Apple rolls out iMessage upgrade to withstand decryption by quantum computers

By Christopher Bing and Raphael Satter WASHINGTON (Reuters) - Apple is rolling out an upgrade to its iMessage texting platform to defend against future encryption-breaking technologies. The new

Chipmaker Astera Labs reveals smaller annual loss in US IPO filing

(Reuters) -Chipmaker Astera Labs revealed its loss narrowed in 2023 in its filing on Wednesday to go public in the United States, at a time when the markets have strongly rallied behind companies

On Camera

CEA Nageswaran says India’s FY24 growth could hit 8%, but World Bank warns this is ‘above potential’

Speaking at an event, World Bank country director Auguste Tano Kouamé said growth above potential would result in high inflation.

Three Indian Navy ships deployed to South China Sea

Deployment comes at a time when Yuan Wang 03, a Chinese missile and satellite tracking vessel, has entered Indian Ocean Region.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.