WASHINGTON (Reuters) -Elon Musk and SpaceX face at least three federal reviews over whether they have complied with federal reporting rules aimed at protecting national security, the New York Times reported on Tuesday. This is not the first time the security practices of the SpaceX founder have been questioned by the Pentagon. A 2018 incident …
Elon Musk, SpaceX face federal reviews over security, NYT reports Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia on Wednesday enter a crucial 24-hour period in a cautious mood, with stocks in the red and risk appetite subdued ahead of the Fed’s interest rate decision later in the day and the Bank of Japan’s closer call …
Morning Bid: Central bank fever builds, saps risk appetite Read More »
By Ann Saphir WASHINGTON (Reuters) -Since Donald Trump’s election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S. president-elect’s yet-to-be-detailed policies into forecasts. But eight years ago Powell as a Fed governor joined the majority of his colleagues in doing …
Trump bump? Fed officials prepare projections into new presidential term Read More »
By Krystal Hu and Niket Nishant (Reuters) – Databricks has secured a $62 billion valuation after raising a whopping $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for fast-growing private companies that have seen accelerated growth due to AI. The oversubscribed round, led by Joshua Kushner’s …
AI startup Databricks hits $62 billion valuation in record VC round Read More »
By Tom Hals WILMINGTON, Delaware (Reuters) – Attorneys for Arm and Qualcomm grilled a former Apple executive on Tuesday about a key question for the future of the chip industry: Who owns the intellectual property built on top of Arm’s computing architecture? At stake in a trial in U.S. federal court in Delaware this week …
Arm, Qualcomm lawyers grill ex-Apple exec in chip design battle Read More »
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla Ventures. Other investors included NFDG, the AI-focused fund run by former GitHub CEO Nat Friedman and former Apple executive …
AI startup Basis raises $34 million for accounting automation ‘agent’ Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. government agencies failed to meet the Biden administration’s fleet electric vehicle purchase targets and bought more than four times as many gas-powered models, a Government Accountability Office report released on Tuesday said. In the 2023 budget year, agencies bought 25,300 gas-powered vehicles and a total of 5,500 EVs and …
US government agencies fail to meet fleet EV targets, GAO report says Read More »
(Reuters) – The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to challenge the planned $8.4 billion merger between Paramount Global and Skydance Media, a filing showed on Tuesday. China’s Tencent Holdings’ investment in Skydance sparks concerns about foreign influence on U.S. media, the firm said. The …
(Reuters) – Carmaker Stellantis on Tuesday announced a plan to revitalise its output in Italy during a meeting with Industry Minister Adolfo Urso and representatives of suppliers and trade unions, drawing a line under months of fraught relations between the government and Fiat-maker Stellantis. Following are the main points set out by Jean-Philippe Imparato, head …
Factbox-How does Stellantis plan to revive its Italian production? Read More »
By Timothy Gardner and Laila Kearney WASHINGTON/NEW YORK (Reuters) – The U.S. Department of Energy said on Tuesday it had offered a conditional loan of up to $15 billion to California-based electric utility PG&E to support climate resilience projects and strengthen the power grid. President Joe Biden’s administration is rushing to push out billions of …
US offers California’s PG&E record $15 billion loan to bolster power grid Read More »
