ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Tuesday that he pressed Chinese President Xi Jinping to accelerate and increase Beijing’s purchases of U.S. goods during a phone call on Monday, and the Chinese leader had “more or less agreed.” “I asked him, I’d like you to buy it a little faster. …
Trump says China’s Xi ‘more or less agreed’ to accelerate purchases of US goods Read More »
(Reuters) -Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, The Information reported on Tuesday, citing a person familiar with the matter. OpenAI projects that by 2030, 8.5% of an estimated 2.6 billion weekly users, or around 220 million people, will subscribe to its chatbot, …
OpenAI projects 220 million paying ChatGPT users by 2030, The Information Reports Read More »
SYDNEY (Reuters) -A senior Australian central banker said on Wednesday the country’s financial conditions were influenced by global factors, with low equity risk premia and credit spreads suggesting conditions may be easier than otherwise. In a speech in Sydney, Penelope Smith, head of international department at the Reserve Bank of Australia, said the cash rate …
Australia’s financial conditions influenced by global factors, central banker says Read More »
By Patrick Wingrove and Deena Beasley (Reuters) -The U.S. Medicare health plan said on Tuesday that newly negotiated prices for 15 of its costliest drugs will save 36% on those medications compared with recent annual spending, or about $8.5 billion in net covered prescription costs. The prices go into effect in 2027, including a monthly …
US slashes 36% off Medicare spending on 15 high-priced medicines Read More »
By Marianna Parraga HOUSTON (Reuters) -A U.S. judge on Tuesday approved a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum’s parent, clearing the way to order the sale of Venezuela-owned PDV Holding. Judge Leonard Stark, from Delaware, overruled pending objections to the bid and set a …
US judge approves bid from Elliott affiliate for Citgo Petroleum parent Read More »
(Reuters) -The U.S. Air Force awarded Boeing a $2.47 billion contract for 15 additional KC-46A Pegasus aerial refueling tankers, the company announced on Tuesday in a release. Last year, the Air Force awarded Boeing a similar contract for 15 of the tankers for $2.38 billion. In August, Israel’s defense ministry said it plans to buy …
Boeing wins $2.47 billion contract for 15 additional US Air Force KC-46A tankers Read More »
(Reuters) -Workday reported third-quarter subscription revenue in line with Wall Street estimates on Tuesday, signaling softer demand and sending its shares down nearly 7% in extended trading. The human resources software provider’s fourth-quarter subscription revenue forecast was also barely above estimates, hit by sluggish demand from certain higher education customers that depend heavily on federal …
Workday posts lukewarm quarterly subscription revenue, shares fall Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the U.S. Federal Reserve to implement its third and final rate cut of the year in December, while softness in the tech sector limited the Nasdaq’s gains. All three major …
Wall Street ends higher as Federal Reserve rate cut bets gather momentum Read More »
By Jaspreet Singh (Reuters) -Dell forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, as increasing investments in data centers to support artificial intelligence boost demand for its servers, sending its shares up 4% in extended trading. The company also announced the permanent appointment of David Kennedy as its finance chief. Dell, which …
Dell bets on rising AI server demand to forecast higher growth Read More »
By Svea Herbst-Bayliss (Reuters) -Hedge fund manager Bill Ackman aims to raise $5 billion for a new U.S.-listed closed-end fund that will debut at the same time he plans to list his hedge fund firm, Pershing Square Capital Management, according to two people familiar with the matter. The billionaire investor, who cemented his reputation as …
Ackman’s Pershing Square targets $5 billion IPO for closed-end fund Read More »
