By Hadeel Al Sayegh DUBAI (Reuters) -The United States and United Arab Emirates have finalised a technology framework agreement that is expected to be signed later on Thursday during President Donald Trump’s last stop of his three-country Gulf tour, a source with knowledge of the matter said. The agreement requires commitments on both sides to …
US and UAE finalise technology framework agreement, source says Read More »
By Jonathan Saul LONDON (Reuters) – A proposal to create a new international U.S. ship registry domiciled in the U.S. Virgin Islands aligns with President Donald Trump’s efforts to strengthen the country’s maritime industry and has support from the territory, its governor said. President Donald Trump’s administration is considering the proposal as part of efforts …
US Virgin Islands ship registry plan will strengthen US shipping, governor says Read More »
By Sneha S K (Reuters) – UnitedHealth Group shares plunged nearly 13% on Thursday after a Wall Street Journal report that the U.S. Department of Justice had begun a criminal investigation into the company for potential Medicare fraud. The reported probe adds to a string of recent setbacks for the healthcare conglomerate that has erased …
UnitedHealth tumbles as criminal probe report adds to investor fears Read More »
(Reuters) -The U.S. Consumer Financial Protection Bureau is scrapping a proposal issued under former President Joe Biden that would have sharply limited the sale of Americans’ private information by “data brokers,” according to a Federal Register notice issued Wednesday. The agency also yanked proposals that sought to extend consumer protections to the use of new …
Trump administration scraps Biden-era plan to limit sale of Americans’ personal data Read More »
(Reuters) -U.S. authorities are preparing to announce one of the biggest cuts in capital requirements for banks in more than a decade, the Financial Times reported on Thursday. Regulators were poised to reduce the supplementary leverage ratio (SLR) in the next few months, the newspaper reported, citing several people familiar with the matter. The SLR …
US set to cut capital requirements for banks, FT reports Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investor Jana Partners, which last year pushed Wolfspeed to consider a sale to boost its share price, has exited its entire position in the silicone carbide wafer maker, according to a regulatory filing made on Thursday. Wolfspeed said last week it is considering bankruptcy and has seen its …
Jana Partners liquidated position in Wolfspeed in Q1, filing Read More »
(Reuters) -Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI under which the ChatGPT maker has committed to pay Coreweave up to $4 billion through April 2029, a regulatory filing showed on Thursday. Coreweave said on a post-earnings call on Wednesday it had signed a $4 billion expansion with an AI enterprise, but …
Coreweave signs new $4 billion deal with OpenAI, filing shows Read More »
By Nathan Gomes (Reuters) -Deere & Co cut the lower end of its annual profit forecast on Thursday but beat Wall Street expectations for second-quarter results due to cost-saving measures and inventory management, sending its shares up 5% in early trading. Farmers facing high interest rates and weaker crop prices are leaning towards renting rather …
Deere beats second-quarter estimates on cost cuts, trims annual profit forecast Read More »
By Savyata Mishra (Reuters) -Dick’s Sporting Goods has agreed to acquire smaller rival Foot Locker for $2.4 billion, the second major footwear deal this month after the buyout of Skechers, as the retailers navigate choppy demand and global trade uncertainties. The $24-per-share offer, announced by both companies on Thursday, represents an 86% premium to Foot …
Dick’s Sporting to buy Foot Locker for $2.4 billion to fight soft demand Read More »
WASHINGTON (Reuters) -U.S. business inventories rose less than expected in March as robust sales growth at retailers depleted stocks there. Inventories gained 0.1% after rising 0.2% in February, the Commerce Department’s Census Bureau said on Thursday. Economists polled by Reuters had forecast inventories, a key component of gross domestic product, increasing 0.2%. Inventories rose 2.5% …
