By David Shepardson WASHINGTON (Reuters) -Saudi and U.S. officials touted billions of dollars in new investments and growing financial ties between the two countries on Wednesday, coinciding with Saudi Arabian Crown Prince Mohammed bin Salman’s first visit to Washington since 2018. Sitting next to Trump in the White House, bin Salman on Tuesday had promised …
US, Saudi tout new business deals at investment forum Read More »
By Megan Davies NEW YORK (Reuters) -New York City companies focused on artificial intelligence, which rely on human interaction to grow, are boosting office leasing and inspiring the return of workers to the city, said Andrew Kimball, president and CEO of New York City Economic Development Corporation. The industry-wide trend started in the San Francisco …
AI-focused developers help fuel New York City life, city agency chief says Read More »
(Reuters) -Yann LeCun, one of the founding figures of modern artificial intelligence and a pivotal force at Meta Platforms, said on Wednesday he plans to leave the company at the end of the year to launch a new AI startup. LeCun has been a key part of Meta’s artificial intelligence ambitions for more than a …
Yann LeCun to leave Meta, launch AI startup focused on Advanced Machine Intelligence Read More »
By Jarrett Renshaw (Reuters) -President Donald Trump’s administration is considering delaying for one or two years its proposed cuts in incentives for imported biofuels amid pressure from U.S. refiners who argue the move could raise costs and tighten fuel supplies, according to two sources familiar with the matter. The delay now under discussion could please …
Trump administration may delay biofuel import credit cuts as refiners balk Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday doubled down on his criticism of Federal Reserve Chair Jerome Powell for not lowering interest rates more quickly, saying: “I’ll be honest, I’d love to fire his ass.” Trump, speaking at a Saudi Arabia-backed investment forum in Washington, urged Treasury Secretary Scott Bessent to …
Trump again criticizes Fed’s Powell, says ‘I’d love to fire his ass’ Read More »
By Howard Schneider WASHINGTON (Reuters) -A divided Federal Reserve cut interest rates last month even as policymakers cautioned that doing so could risk entrenched inflation and a loss of public trust in the U.S. central bank, the minutes from its October 28-29 meeting showed on Wednesday. The account of that meeting added to growing doubts …
Many Fed policymakers at last meeting were opposed to December rate cut Read More »
By Michael S. Derby (Reuters) -The Federal Reserve’s decision last month to announce a looming halt to the drawdown of its balance sheet earlier than many had expected drew broad support from central bankers, meeting minutes from the late October policy meeting released on Wednesday said. “Almost all” policy makers favored the Fed’s plan to …
Fed minutes show broad support for ending quantitative tightening Read More »
-Major League Baseball on Wednesday announced three-year media rights deals with Netflix , NBCUniversal and ESPN. As part of the agreements covering the 2026-28 MLB seasons, Netflix will expand to live baseball event coverage for the first time by carrying MLB documentaries. Comcast-owned NBCUniversal will bring back regular games to its broadcast network for the …
MLB signs three-year media deals with Netflix, NBCUniversal, ESPN Read More »
By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, said on Wednesday it has confidentially filed for an initial public offering in the U.S., as digital asset companies look to tap the new listings market before the 2026 midterm elections. Companies such as stablecoin issuer Circle and crypto …
Kraken confidentially files for IPO as crypto firms eye listings before 2026 midterms Read More »
(Reuters) -U.S. President Donald Trump’s lavish welcome of Crown Prince Mohammed bin Salman to Washington this week, touted by many as rehabilitation of human rights record of Saudi Arabia’s de facto ruler, has been followed by the kingdom ramping up its planned U.S. investments to $1 trillion. The move marks a remarkable increase from the …
