(Reuters) -Binance executives met U.S. Treasury officials last month and discussed loosening government oversight of the company, while exploring a business deal with President Donald Trump’s crypto venture, World Liberty Financial, the Wall Street Journal said. Executives of the world’s largest cryptocurrency exchange asked Treasury officials to remove a U.S. monitor overseeing its compliance with …
By Anna Tong SAN FRANCISCO (Reuters) – A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk’s lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial intelligence firm. Corporate leaders want to give investors control, drawing a …
Group of ex-OpenAI employees back Musk’s lawsuit to halt OpenAI restructure Read More »
HOUSTON (Reuters) -At least two vessels carrying Venezuelan crude chartered by Chevron are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the government had no certainty of payment amid the hardening of U.S. sanctions on the OPEC-member country. An individual license issued in 2022 by …
Chevron’s Venezuelan oil cargoes canceled, stalled amid payment uncertainty Read More »
By Tom Westbrook and Dhara Ranasinghe SINGAPORE/LONDON (Reuters) -The pain, said Shuntaro Takeuchi, was 10 out of 10. Not in the portfolio of Japanese stocks he runs out of San Francisco, California, but in his appendix. It would have to come out, just as his colleagues at Matthews Asia were on a phone call to …
WASHINGTON (Reuters) – The World Bank is poised to announce a $12 billion financing package for Argentina on Friday, supplementing the International Monetary Fund’s expected approval of a $20 billion Argentina loan deal, a source with knowledge of the plan said. The Inter-American Development Bank also is expected to announce its own Argentina financing package, …
World Bank to announce $12 billion financing package for Argentina, source says Read More »
(Reuters) – Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it is increasing the size of its board to 15 members. Powell McCormick, who …
Meta to add Dina Powell McCormick, Patrick Collison to board Read More »
By Rae Wee SINGAPORE (Reuters) – In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The sudden loss of confidence was nowhere more stark than in the …
Analysis-Mighty U.S. dollar feels heat as Trump’s tariffs spark trade turmoil Read More »
By Anna Tong and Krystal Hu SAN FRANCISCO (Reuters) – Silicon Valley venture capital firm Andreessen Horowitz is in talks to lead an outsized early stage funding round of former OpenAI chief technology officer Mira Murati’s startup, according to four sources familiar with the matter. The startup, named Thinking Machines Lab, could be valued at …
By Kalea Hall and David Shepardson DETROIT (Reuters) -GM is temporarily halting production of its electric commercial van at its assembly plant in Ontario due to slow sales, the company and the union representing workers there said. The Detroit automaker is temporarily laying off 1,200 workers at the plant as a result, according to Unifor, …
GM to halt EV van production in Ontario to adjust for market demand Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions that have roiled financial markets and raised the risk of a recession. The University of Michigan Surveys of Consumers said on Friday that the slump …
Tariffs angst sinks US consumer sentiment, boosts inflation expectations Read More »
