(This Jan. 23 story has been corrected to say that Nikola had $464.7 million in cash and cash equivalents at the end of 2023, not at the end of last year, in paragraph 5) (Reuters) – EV maker Nikola is exploring options including selling parts of its business or the entire company as it struggles …
By Lewis Krauskopf NEW YORK (Reuters) – The Federal Reserve’s first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead. Stocks swooned after the Fed’s last meeting in December, when the central bank downgraded …
Fed’s rate-cut view set to test resurgent US stocks rally Read More »
(Reuters) – Outflows from U.S. equity funds cooled to the lowest in three weeks in the week to Jan. 22, buoyed by shifting expectations for a pause in rate cuts after a benign U.S. core inflation report bolstered equities. Weekly net selling in U.S. equity funds fell off to $3.2 billion during the week from …
US equity fund outflows ease on renewed hopes for Fed rate cuts Read More »
LONDON (Reuters) -Britain said on Friday it had awarded Rolls-Royce a 9 billion pound ($11 billion) eight-year contract to design, make and support the nuclear reactors that power its fleet of submarines, amid U.S. calls for higher defence spending. The deal will strengthen the Royal Navy’s continuous at-sea deterrent – under which at least one …
Rolls-Royce wins $11 billion contract to power UK nuclear submarines Read More »
By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON (Reuters) – President Donald Trump ordered the creation of a digital asset working group on Thursday which, among other things, would be tasked with exploring a U.S. cryptocurrency stockpile. He has directed the group, by July, to turn in a report addressing criteria for such a stockpile, …
EXPLAINER-How would a US bitcoin strategic reserve work? Read More »
By Hannah Lang and Trevor Hunnicutt (Reuters) -U.S. President Donald Trump on Thursday ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile, making good on his promise to quickly overhaul U.S. crypto policy. The much-anticipated action also ordered that banking …
Trump orders crypto working group to draft new regulations, explore national stockpile Read More »
By Abhirup Roy and Arsheeya Bajwa (Reuters) -Electric-vehicle maker Rivian plans to launch its advanced hands-free driver assistance systems in 2025 and its “eyes-off” systems in 2026, CEO RJ Scaringe said on Thursday. An advanced driver assistance system that enables drivers to take their hands off the wheel and eyes off the road will add …
Rivian to launch hands-free driving system in 2025, ‘eyes-off’ in 2026, CEO says Read More »
By Juveria Tabassum and Ross Kerber (Reuters) -Costco Wholesale shareholders voted strongly against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the U.S. company said on Thursday, sending a message running counter to the intense scrutiny many such corporate policies face. The vote was seen as an early …
Costco shareholders reject call for review of diversity programs Read More »
(Reuters) -Liquefied natural gas exporter Venture Global said on Thursday it had raised $1.75 billion, marking the first big initial public offering of President Donald Trump’s second term as investors bet on his plan to boost U.S. energy production. Venture Global is the second-largest exporter of liquefied natural gas, or LNG, in the United States, …
LNG exporter Venture Global raises $1.75 billion in US IPO Read More »
(Reuters) – The U.S. Securities and Exchange Commission (SEC) rescinded on Thursday accounting guidance long opposed by the cryptocurrency industry, an early move in President Donald Trump’s pivot away from the policies of the prior administration and a win for the crypto sector. In a notice posted on its website, the SEC said the 2022 …
Wall Street regulator revokes accounting guidance on crypto assets Read More »
