By Mrinmay Dey (Reuters) – The U.S. Securities and Exchange Commission (SEC) this week has reopened an investigation into Elon Musk’s brain-chip startup Neuralink, according to a letter shared by Musk on Thursday on social media platform X. The Dec. 12 letter from Musk’s lawyer Alex Spiro and addressed to outgoing SEC Chair Gary Gensler …
SEC ‘reopens’ probe into Neuralink, Musk’s lawyer says Read More »
ISTANBUL (Reuters) – Turkey’s competition authority has fined Alphabet Inc’s Google 2.61 billion lira ($75 million), for taking advantage of its dominant position in ad server services market, the regulator said in a statement on Friday. The antitrust body said Google has favored its own supply-side platform (SSP) service over rivals and that move made …
Turkey fines Google $75 million for violating competition law Read More »
(Reuters) – U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming meeting, amid signs of a moderating labor market and cooling inflation. They acquired a net $6.36 billion worth of U.S equity funds during the week, …
US equity funds gain sixth weekly inflow on Fed rate cut expectations Read More »
(Reuters) – Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a cooling U.S. labor market and stable consumer prices might facilitate a third consecutive rate cut by the Federal Reserve this month. Investors snapped up global equity funds worth a net $10.18 billion during the week, …
Global equity funds see robust weekly inflows on hopes of Fed rate cut Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – President-elect Donald Trump’s threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly three-year trucking recession, sector experts said. The industry that moves everything Americans make and buy is considered an economic bellwether, …
Trump tariffs could intensify US trucking industry slump, experts say Read More »
By Jason Lange and David Lawder WASHINGTON (Reuters) – Americans don’t think import tariffs are a good idea if they lead to higher prices and are skeptical they would help U.S. workers, a Reuters/Ipsos poll found, underscoring the political risks to President-elect Donald Trump’s plan to impose heavy fees on goods from China, Mexico and …
Americans are sour on tariffs if they spark inflation, Reuters/Ipsos poll finds Read More »
By Julia Payne and Robert Harvey LONDON (Reuters) – Global commodity trading house Trafigura saw a sharp drop in its earnings for 2024 and has revised down its equity and profits for previous years after it discovered a billion-dollar oil fraud in Mongolia, the company said on Friday. Earnings dropped by 60% on the year …
Trafigura net profit, equity drops after Mongolia fraud Read More »
A look at the day ahead in U.S. and global markets by Samuel Indyk The stellar year for U.S. stock markets took a bit of a breather on Thursday, perhaps expected after a rally that has led the Nasdaq to 20,000 for the first time this week and the S&P 500 to another new record …
Morning Bid: Wall St near records as central banks end 2024 with rate cuts Read More »
By Anshuman Tripathy (Reuters) -Air-taxi maker Archer Aviation said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense tech company Anduril Industries. Shares of Archer were down 4% in early trading. Existing investors United Airlines and Stellantis as well as new …
Archer Aviation raises $430 million through equity offering, partners with Anduril Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said Friday it reached a preliminary deal with German auto supplier Bosch for up to $225 million in subsidies to build silicon carbide power semiconductors in California that are key for electric vehicles. The department said the funding will support Bosch’s planned $1.9 billion investment …
US reaches preliminary deal with Bosch for $225 million in chip grants Read More »
