By Joey Roulette and Gerry Doyle WASHINGTON (Reuters) -Four private astronauts blasted into space early on Tuesday in a modified SpaceX Crew Dragon capsule, kicking off the company’s five-day Polaris Dawn mission, which aims to test new spacesuit designs and conduct the first private spacewalk. The crew, a billionaire entrepreneur, a retired military fighter pilot…
By Noel Randewich (Reuters) – Shares of Trump Media & Technology Group, majority-owned by former U.S. President Donald Trump, surged for a second day on Tuesday ahead of a debate between the Republican presidential candidate and Vice President Kamala Harris. The stock jumped over 4% and lifted the value of Trump’s stake in the company…
By Nupur Anand and Pritam Biswas NEW YORK (Reuters) -JPMorgan Chase shares fell about 6% after the bank’s president on Tuesday tempered expectations about its income from interest payments. President and Chief Operating Officer Daniel Pinto said forecasts for net interest income (NII), or the difference between what the bank makes on loans and pays…
By Jody Godoy ALEXANDRIA, Virginia (Reuters) – News Corp explored switching away from Google’s advertising tools in 2017 but estimated that doing so would lose the Wall Street Journal publisher at least $9 million in ad revenue, a former executive testified on Tuesday at Google’s antitrust trial in Virginia. Google frustrated publishers by introducing features…
ZURICH (Reuters) – Siemens is spending $60 million on a new U.S. factory to build high speed trains to whisk passengers between Los Angeles and Las Vegas, the German engineering company said on Monday. Around 300 jobs will be created at the 300,000 sq ft facility in Horseheads, upstate New York, which Siemens said was…
By Max A. Cherney and Kenrick Cai CUPERTINO, California (Reuters) – Apple unveiled updated Watches and AirPods at an event on Monday focused on its AI-enhanced iPhone 16, although Apple’s product showcase risks being overshadowed by Chinese rival Huawei’s tri-fold phone, unofficially announced earlier in the day. The Chinese company’s website showed on Monday that…
(Reuters) – Wall Street’s top regulator on Monday gave the nod to new accounting standards set by a watchdog agency, part of an effort to address concerns about the prevalence of poor quality audits. The five-person U.S. Securities and Exchange Commission voted 3-2, with Republican members objecting to what they said was a hasty drafting…
By Hannah Lang (Reuters) – Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed and irreversibility of digital asset transactions, the U.S. FBI said Monday. WHY IT IS IMPORTANT Cryptocurrencies like bitcoin and ether have become more popular as…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Starboard Value has filed a shareholder resolution to do away with the dual-class shares that allow Rupert Murdoch to control News Corp, the publisher of the Wall Street Journal, according to people familiar with the matter. Starboard’s move comes as the 93-year-old media tycoon is locked…
By Allison Lampert and David Shepardson -Boeing said on Sunday it had reached a tentative agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, in a deal that could help avert a possible crippling strike as early as Sept. 13. The proposed four-year agreement, which includes a general wage increase…
