By Valerie Volcovici and Nichola Groom WASHINGTON (Reuters) -The House budget bill that narrowly passed in an early morning vote on Thursday would effectively put the brakes on a clean energy production boom in the United States spurred by subsidies enacted in 2022. Republican lawmakers’ “one big beautiful bill” to carry out President Donald Trump’s …
House budget bill effectively halts US clean energy boom Read More »
WASHINGTON (Reuters) -The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel’s bid for U.S. Steel despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters. In a statement published a day after a powerful national security panel …
US Steelworkers union urges Trump to block Nippon Steel’s bid for U.S. Steel Read More »
By Anuja Bharat Mistry (Reuters) -Ralph Lauren forecast tepid annual sales on Thursday and said it was weighing price increases, as the Trump administration’s steep tariffs start to pressure consumer spending and margins. The company still beat fourth-quarter estimates for revenue and profit, thanks in part to increased marketing and investments in brands such as …
Ralph Lauren mulls price hikes as tariffs hurt sales forecast Read More »
(This May 21 story has been corrected to fix a typo in the headline) (Reuters) – Amazon is testing AI-powered short-form audio summaries on select product detail pages, the e-commerce giant said on Wednesday, as tech companies continue to integrate artificial intelligence across their platforms. The new feature offers summaries about products based on an …
Amazon tests AI audio summaries for products, expanding tech giant’s AI push (May 21) Read More »
(Reuters) -Artificial intelligence lab Anthropic unveiled its latest top-of-the-line technology called Claude Opus 4 on Thursday, which it says can write computer code autonomously for much longer than its prior systems. The startup, backed by Google-parent Alphabet and Amazon.com, has distinguished its work in part by building AI that excels at coding. It also announced …
Startup Anthropic says its new AI model can code for hours at a time Read More »
By Ateev Bhandari and Niket Nishant (Reuters) -MNTN, an advertising platform for internet-connected TVs which has actor Ryan Reynolds as its chief creative officer, secured a valuation of $1.62 billion after its shares jumped 31.25% in their debut on the NYSE on Thursday, signaling continued momentum in the recovering IPO market. The U.S. adtech’s stock …
Adtech platform MNTN valued at $1.6 billion in another sign of IPO markets comeback Read More »
By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Thursday said it approved SpaceX’s Starship to return to flight after its explosive test failure in March, allowing Elon Musk’s space company to launch from Texas as soon as next week after redrawing hazard zones along the rocket’s flight path. SpaceX’s Starship, a 400-foot-tall …
FAA allows SpaceX Starship’s next flight, expands debris hazard zones Read More »
By Vallari Srivastava (Reuters) – Shares of U.S. solar companies fell sharply on Thursday after the House of Representatives advanced President Donald Trump’s sweeping tax and spending bill, which may end numerous green-energy subsidies that have supported the renewable energy sector. Sunrun led the market rout, with shares falling nearly 41% in early morning trade, …
Solar stocks plummet after Trump’s tax bill advances in US House Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell last week as companies hoard labor, suggesting the economy maintained a steady pace of job growth in May, but it is becoming harder for those out of work to find new opportunities. The weekly jobless claims report from the …
US labor market stable in mid-May; slowdown is looming due to tariffs Read More »
By Meghana Khare (Reuters) -Analog Devices forecast third-quarter revenue above analyst expectations on Thursday, but a projected sequential decline in the automotive segment sent shares down 5%, as the chipmaker pinned demand in the unit to tariff-linked pull-ins. Demand for some semiconductors has benefited in the near term as manufacturers pull shipments forward amid shifting …
Analog Devices forecasts upbeat quarterly sales after autos see tariff pull-in Read More »
