Category: Reuters
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Tesla shareholder sues Musk to return billions in alleged unlawful profits By Reuters
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WILMINGTON, Del. (Reuters) – Elon Musk made billions of dollars by selling Tesla Inc (NASDAQ:) shares using inside information, an institutional shareholder charged in a lawsuit filed on Tuesday is asking a court to direct the Tesla CEO to return “unlawful profits.” Legal”. “ The lawsuit comes two days before…
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Exclusive-MediaTek designs Arm-based chip for Microsoft’s AI laptops, say sources By Reuters
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Written by Max A. Cherny TAIPEI/SAN FRANCISCO (Reuters) – Taiwanese chip design giant MediaTek is developing an Arm-based personal computer chip that will power Microsoft Corp’s (NASDAQ:) Windows operating system, according to three people familiar with the matter. Last month, Microsoft unveiled a new generation of laptops featuring chips designed…
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Dollar hits four-week high before Wednesday’s inflation report By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a four-week high on Tuesday ahead of an upcoming inflation report that is likely to influence the timing of the Federal Reserve’s first interest rate cut, while the euro came under pressure due to political uncertainty. In the region.…
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US Senate panel to weigh Novo Nordisk subpoena over Ozempic, Wegovy prices By Reuters
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WASHINGTON (Reuters) – The U.S. Senate Health Committee said on Tuesday it will vote this month on whether to subpoena Novo Nordisk (NYSE:) to answer questions about U.S. prices for weight-loss drugs Ozempic and Wegovy, which are much higher than their prices in other countries. . countries. The Senate Committee…
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Analysis-As Supreme Court decisions loom, a legal assault is weakening SEC’s power By Reuters
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Written by Chris Prentice and Michelle Price WASHINGTON (Reuters) – A legal attack on the U.S. Securities and Exchange Commission has diminished its powers to oversee Wall Street and is likely to worsen with two impending Supreme Court rulings. A US appeals court last week struck down a key Securities…
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Four American educators stabbed in park in northeast China, say US media and officials By Reuters
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BEIJING (Reuters) – Four American professors from a small university in Iowa were wounded in a stabbing attack in a public park in northeastern China’s Jilin province on Monday, according to US media and US government officials. Iowa State Representative Adam Zapner told Reuters that his brother was one of…
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Exclusive-Japan spot work startup Timee targets July listing, sources say By Reuters
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Written by Sam Nosi and Miho Oranaka TOKYO (Reuters) – Japanese startup Timee, which operates a platform that connects workers looking for side gigs with labor-strapped companies, is targeting a July listing in Tokyo, two people familiar with the matter said. The startup, founded in 2017, aims for a valuation…
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How the US is daring the world to find a dollar alternative By Reuters
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Written by Paritosh Bansal (Reuters) – The United States is working to reduce the pillars that support the dollar as the world’s reserve currency, and the latest blows came from some powerful Americans who question the rule of law after the conviction of Donald Trump. In doing so, it is…
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Exclusive-Apollo, Kyndryl in bid for DXC Technology, sources say By Reuters
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Written by Greg Roumeliotis and Milana Finn (Reuters) – Acquisition company Apollo Global and Kendrell Holdings, an information technology services provider that has been spun off… IBM (NYSE:) is in talks about a joint bid for DXC Technology (NYSE:), people familiar with the matter said Monday. Apollo and Kendrell discussed…
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Tesla turns to Musk’s small shareholder fans to back $56 billion payday By Reuters
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Written by Ross Kerber (Reuters) – With Tesla Inc’s (NASDAQ:) major shareholders appearing divided over whether to support Elon Musk’s $56 billion pay package, the company is also looking for support from individual investors who make up an unusually high percentage of the industry’s ownership base. Electric cars. Small investors…
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Sterling hits 22-month high against bruised euro By Reuters
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LONDON (Reuters) – The pound hit its highest level in almost two years against the euro on Monday, although it fell against the dollar as the single currency fell after French President Emmanuel Macron called early elections after his defeat in a pro-European Union vote before parliament. Far right. The…
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Euro tumbles after Macron calls snap French election By Reuters
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By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The euro fell sharply on Monday, hit by political uncertainty after far-right gains in Sunday’s European Parliament vote prompted French President Emmanuel Macron to call early general elections. Uncertainty in France adds another element to what will be a busy week…
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AI is sole focus at Apple’s annual conference By Reuters
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Written by Aditya Soni and Stephen Nellis (Reuters) – Apple Inc is expected to showcase how it is integrating artificial intelligence across its software suite, including a revamped Siri voice assistant and a potential tie-up with ChatGPT owner OpenAI, at its annual developers conference on Monday. There’s a lot more…
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Migrant arrests drop at US-Mexico border as Biden asylum ban rolls out By Reuters
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Written by Ted Hesson WASHINGTON (Reuters) – The number of migrants apprehended crossing the U.S.-Mexico border illegally fell on Friday, a senior U.S. border official told Reuters, saying it suggested the Biden administration’s new restrictive policy was deterring some illegal immigration. The U.S. Border Patrol arrested about 3,100 people who…
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Euro, French stocks hit by shock Macron call for snap election By Reuters
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Written by Dara Ranasinghe and Amanda Cooper LONDON/SINGAPORE (Reuters) – The euro fell broadly, while French bonds and stocks were hit hard on Monday, following French President Emmanuel Macron’s decision to call early parliamentary elections after his defeat in a pro-EU vote at the hands of the far right. The…
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Israel centrist minister Gantz quits Netanyahu government By Reuters
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By Death Lobel JERUSALEM (Reuters) – Israeli Minister Benny Gantz announced his resignation from Prime Minister Benjamin Netanyahu’s emergency government on Sunday, withdrawing the only centrist force from the far-right coalition led by the embattled leader amid a months-long war in Gaza. Netanyahu issued a brief statement in which he…
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Norway wealth fund to vote against Musk’s $56 billion Tesla pay package By Reuters
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Written by Louise Rasmussen and Gwladys Foch OSLO (Reuters) – Norway’s $1.7 trillion sovereign wealth fund said on Saturday it would vote against ratifying Tesla Inc CEO Elon Musk’s $56 billion pay package, which will be put to a shareholder vote next week, after… A Delaware judge struck it down…
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Trump to hold rally in swing state Nevada during heatwave By Reuters
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Written by Nathan Lane (Reuters) – Republican presidential candidate Donald Trump will hold an outdoor rally in the sweltering city of Las Vegas, Nevada, on Sunday, seeking to rally support in a swing state that he lost twice but which opinion polls indicate is tilting in his favor in the…