By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today Donald Trump’s hotly anticipated meetings with the leaders of the world’s two other biggest economies ended up being sideshows compared to his online bust-up with billionaire backer Elon Musk. It’s Friday, so today I’ll provide a quick overview of what’s happening …
By Hannah Lang and Davide Barbuscia (Reuters) -As stablecoins take a step toward becoming mainstream, some segments of the U.S. Treasury market, notably securities with short-term maturities, could be vulnerable to volatility as they become more closely tied to the world of cryptocurrency. Congress is poised to pass legislation establishing a regulatory framework for stablecoins, …
Analysis-Stablecoins’ step toward mainstream could shake up parts of US Treasury market Read More »
(Corrects paragraph 1 to say it was the biggest single-day drop in market value, not shares) (Reuters) -Traders raked in $4 billion in profit from their short positions in Tesla shares on Thursday after a public feud between President Donald Trump and CEO Elon Musk drove the biggest single-day drop in market value. The gains …
Tesla short sellers pocket about $4 billion in profits after Musk-Trump spat Read More »
By Anna Tong SAN FRANCISCO (Reuters) -OpenAI is seeing an increasing number of Chinese groups using its artificial intelligence technology for covert operations, which the ChatGPT maker described in a report released Thursday. While the scope and tactics employed by these groups have expanded, the operations detected were generally small in scale and targeted limited …
OpenAI finds more Chinese groups using ChatGPT for malicious purposes Read More »
TOKYO (Reuters) – Global ratings agency Moody’s on Friday cut Nissan Motor Co Ltd’s corporate family rating to Ba2 from Ba1, as the embattled Japanese automaker seeks to push through a turnaround. The outlook remains negative, Moody’s said. “The downgrade reflects the deterioration and expectation for continuing weakness in Nissan’s credit profile, most notably in …
Moody’s cuts Nissan corporate family rating to Ba2 Read More »
TAIPEI (Reuters) -Key Apple and Dell supplier Pegatron is in the final stage of evaluating its U.S. factory plan, with a decision set to be unveiled this month or the next, its president and CEO, Kuang-Chih Cheng, said on Friday. Key considerations for the Taiwan company include land and labour costs, with electricity being the …
Taiwan’s Pegatron is in final stage of evaluating US factory plan Read More »
By Joey Roulette WASHINGTON (Reuters) -About $22 billion of SpaceX’s government contracts are at risk and multiple U.S. space programs could face dramatic changes in the fallout from Elon Musk and President Donald Trump’s explosive feud on Thursday. The disagreement, rooted in Musk’s criticism of Trump’s tax-cut and spending legislation that began last week, quickly …
(Reuters) -Newly launched sovereign wealth fund Danantara Indonesia is in early talks with GoTo to get a piece of U.S.-listed rival Grab’s potential buyout of the ride-hailing and food delivery firm, Bloomberg News reported on Friday. The fund is seeking a minority stake in the combined entity, which could help ease the Indonesian government’s concerns …
Indonesia wealth fund considers stake in Grab-GoTo deal, Bloomberg News reports Read More »
By Patricia Vilas Boas SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre is expanding free shipping in its main market Brazil, it said on Friday, a move expected to be costly but which the company hopes will drive sales higher amid fierce competition. MercadoLibre, Latin’s America most valuable company by market cap, earns more than …
MercadoLibre expands free shipping in top market Brazil amid rising competition Read More »
By Akash Sriram, Kanchana Chakravarty, Chris Kirkham and Abhirup Roy (Reuters) -Tesla shares went into free-fall on Thursday as President Donald Trump publicly feuded with the electric vehicle maker’s billionaire CEO Elon Musk, his self-proclaimed “First Buddy.” Investors watched the unfolding drama with growing worry about what the fracas could mean for Musk’s business empire. …
Trump-Musk row slams Tesla shares, $150 billion in market value wiped out Read More »
