By Nate Raymond, Mike Scarcella and Andrew Goudsward (Reuters) -Two U.S. judges temporarily blocked key parts of Donald Trump’s executive orders targeting Jenner & Block and WilmerHale on Friday as the prominent law firms challenged the Republican president in court while another one, Skadden Arps, cut a deal with the White House to avoid a …
Judges block Trump orders targeting two law firms as Skadden cuts deal Read More »
By Noel Randewich and Pranav Kashyap (Reuters) – Wall Street stocks ended sharply lower on Friday, with selloffs in Amazon, Microsoft and other technology heavyweights, after U.S. data stoked fears of weak economic growth and high inflation as the Trump administration ratchets up tariffs. U.S. consumer spending rebounded less than expected in February while a …
Wall Street tumbles as fresh data fuels inflation fear Read More »
(Reuters) – Artificial intelligence startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it looks to capitalize on the booming demand for the technology, Business Insider reported on Friday, citing multiple sources. Top tech companies are racing to build AI into their products and services. Startups …
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday rejected billionaire Elon Musk’s bid to dismiss a lawsuit claiming he defrauded former Twitter shareholders by waiting too long to disclose his initial investment in the social media company, now known as X. U.S. District Judge Andrew Carter in Manhattan said the shareholders adequately …
Elon Musk must face fraud lawsuit over disclosure of Twitter stake Read More »
By Lewis Krauskopf and Carolina Mandl NEW YORK (Reuters) -A rocky U.S. stock market will be tested in the coming week by a pivotal deadline for President Donald Trump’s tariff plans and an employment report that could reveal a slowing economy. The S&P 500 posted a weekly loss, selling off on Friday after data pointed …
Wobbly US stocks face test with tariffs, jobs data Read More »
By Echo Wang, Krystal Hu, Niket Nishant and Manya Saini (Reuters) -CoreWeave’s shares closed flat after opening nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure firm a valuation of $23 billion on a fully diluted basis. The lackluster performance could crush hopes of a meaningful recovery …
CoreWeave valued at $23 billion in muted Nasdaq debut Read More »
By Pete Schroeder WASHINGTON (Reuters) -Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities. The Federal Deposit Insurance Corporation announced Friday that banks can engage in legally permitted activities, including those that involve cryptocurrency, without receiving prior regulatory approval and so long as …
FDIC says banks can engage in crypto activities without prior approval Read More »
By Krystal Hu and Jaspreet Singh (Reuters) – OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday. SoftBank can pare back the size of …
OpenAI must complete for-profit transition by year-end to raise full $40 billion Read More »
By Doina Chiacu and David Ljunggren WASHINGTON/OTTAWA (Reuters) -U.S. President Donald Trump and Prime Minister Mark Carney on Friday had a conversation that both men described as productive, although the Canadian leader said Ottawa would be imposing retaliatory tariffs next week as promised. The call was their first contact since Carney won the leadership of …
Trump, Carney say they had a productive call; Canadian tariffs still coming Read More »
By Rodrigo Campos NEW YORK (Reuters) -The International Monetary Fund confirmed on Friday that the program it is discussing with Argentina was requested to be for $20 billion, as announced on Thursday by the Argentine government, and that it would be an Extended Fund Facility. The fund had declined on Thursday to confirm the amount. …
IMF confirms $20 billion program talks with Argentina Read More »
