WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent has been ordered to cease production of the one-cent coin known as the penny, President Donald Trump said in a posting on his Truth Social media account on Sunday. “For far too long the United States has minted pennies which literally cost us more than 2 cents. …
Billionaire Trump says time’s up for lowly US penny Read More »
By Seher Dareen (Reuters) – Higher labor costs and sticky inflation could continue to weigh on gold miners’ profits going into 2025, analysts said, but soaring prices of the yellow metal should still boost free cash flow. Gold prices rose nearly 27% in 2024, the most since 2010, and have jumped to all-time highs this …
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By Aishwarya Jain (Reuters) -Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean. Interest in upscale and luxury offerings outside the U.S. is climbing as more Americans look to travel overseas to take advantage of …
Hyatt expands in Caribbean, Mexico with $2.6 billion Playa Hotels acquisition Read More »
TOKYO (Reuters) -Japan’s Nippon Steel is considering proposing a bold change in plan from its previous approach of seeking to buy U.S. Steel, Chief Cabinet Secretary Yoshimasa Hayashi said on Monday, though the company declined to comment. “We are aware that Nippon Steel is not looking at this as a mere acquisition, but is considering …
By Dawn Chmielewski (Reuters) -Fox Corp said on Monday it has purchased Red Seat Ventures, the digital media company whose clients include former Fox News stars Megyn Kelly and Tucker Carlson, in a bid to tap younger audiences and the growing podcast market. Financial details of the deal were not disclosed. The deal represents an …
Fox Corp acquires Red Seat Ventures to tap podcast market Read More »
(Reuters) – EDP Renewables North America said on Monday it has delivered three utility-scale solar projects and signed a long-term virtual power purchase agreement with tech giant Microsoft. Big Tech firms have devoted tens of billions of dollars to AI data center development over the past year, while actively seeking cleaner energy sources to power …
EDP Renewables signs virtual power purchase agreement with Microsoft Read More »
(Reuters) – Cloud software seller Salesforce said on Monday that it plans to invest $500 million in Saudi Arabia related to artificial intelligence, as countries compete to secure investments in the nascent but critical technology. As part of the investment, Salesforce will introduce Hyperforce, its platform architecture delivered through a strategic partnership with Amazon Web …
Salesforce plans $500 million in AI-related investments in Saudi Arabia Read More »
(Reuters) -U.S. ride-hailing firm Lyft plans to launch “as soon as 2026” fully autonomous robotaxis in Dallas, powered by Mobileye’s technology, CEO David Risher said on Monday. Shares of Lyft rose 4.6% in early morning trading, while Mobileye jumped 17%. Automakers and technology companies are channeling significant investments in driverless technology, betting it as a …
Lyft to roll out Mobileye powered-robotaxis ‘as soon as 2026’ Read More »
By Greg Bensinger (Reuters) – Amazon is facing its second workers’ union vote in as many months as laborers at a warehouse in suburban Raleigh, North Carolina, decide this week whether they wish to collectively bargain with the retail giant. Workers at the five-year-old warehouse in the city of Garner will vote through Friday to …
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ISTANBUL (Reuters) – Turkish energy equipment manufacturer Europower Enerji is in discussion with potential buyers from the United States, Europe and Asia over an acquisition or partnership, company Chairman Behic Harmanli told Reuters. The company specialises in low, medium, and high-voltage equipment and benefits from Turkey’s logistical advantages in Europe, Africa, and the Middle East. …
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