Reuters US Business

By Michelle Conlin and Tom Wilson NEW YORK/LONDON (Reuters) -On Sunday, just before Donald Trump’s inauguration, crypto investor Mike Dudas bought more than $145,000 worth of tokens from World Liberty Financial, a fledgling crypto company partly owned by the U.S. president. Unlike typical crypto investments, the World Liberty Financial tokens give their holders a vote …

Exclusive-The Trump connection: Why some bought World Liberty Financial tokens Read More »

(Reuters) – Artificial intelligence startup Perplexity launched an agent-based assistant for Android devices on Thursday as it looks to take on larger rival OpenAI’s ChatGPT and incumbent assistants such as Apple’s Siri and Amazon’s Alexa. The Nvidia and Jeff Bezos-backed company said the tool, known as Perplexity Assistant, can book dinner reservations, hail rides on …

Perplexity debuts AI assistant on Android to challenge Alexa, ChatGPT Read More »

(Reuters) – Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy, according to an internal memo seen by Reuters on Thursday. Legacy cable networks, a profitable business for decades, have been hit by intense cord cutting by …

CNN to cut jobs by 6% amid digital push Read More »

(Reuters) -Copper miner Freeport-McMoRan posted a drop in fourth-quarter production on Thursday and said that its costs would rise more than expected this year, sending the company’s shares down more than 4%. While the Phoenix-based company was able to post a better-than-expected quarterly profit, the results were fueled by higher copper prices during the quarter …

Freeport-McMoRan’s copper production slips in Indonesia; shares fall Read More »

By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) – GE Aerospace on Thursday forecast stronger profit in 2025, saying it is better prepared to meet jet engine demand with progress in resolving supply chain issues that had hobbled production. Fourth-quarter earnings topped Wall Street estimates, boosting the company’s shares by 7%. The production of LEAP …

GE Aerospace optimistic about 2025, stock jumps Read More »

By Jonathan Stempel NEW YORK (Reuters) -PayPal will pay a $2 million civil fine over cybersecurity failures that led to the exposure of customers’ Social Security numbers in late 2022, New York state’s Department of Financial Services said on Thursday. Adrienne Harris, New York’s financial services superintendent, said a probe by her office found PayPal …

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(Reuters) -Ford Motor is recalling 272,817 vehicles in the United States on concerns over battery failure, the National Highway Traffic Safety Administration (NHTSA) said on Thursday. The recall affects certain 2021-2023 Bronco Sport and 2022-2023 Maverick vehicles. The 12-volt battery may experience degradation and suddenly fail, which can result in a loss of electrical accessories, …

Ford to recall over 270,000 US vehicles over battery concern, NHTSA says Read More »