(Reuters) -Rivian said on Monday that it will invest $120 million to bring its key parts suppliers near its plant in Illinois, as the electric vehicle-maker seeks to lower the impact of U.S. President Donald Trump’s tariffs on Mexico and Canada. The supplier park near Rivian’s facility at Normal, Illinois will also reduce shipping, logistics…
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By Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower interest rates. Trump insisted that his moves to upend the…
By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW (Reuters) -OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets…
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about the loss of Buffett’s vision and star power. Following Buffett’s surprise announcement on Saturday that he would step down as…
By Andrea Shalal WEST PALM BEACH, Florida (Reuters) -U.S. President Donald Trump said he would extend the June 19 deadline for China-based ByteDance to divest the U.S. assets of TikTok, the short video app used by 170 million Americans, if no deal had been reached by then.”I would … I’d like to see it done,”…
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(Reuters) -The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the cost of decommissioning old infrastructure, the Interior Department said on Friday. In a statement, the agency said it would develop a new regulation, but did not give…
(Reuters) -Apple is partnering with Amazon-backed startup Anthropic on a new “vibe-coding” software platform that will use artificial intelligence to write, edit, and test code on behalf of programmers, Bloomberg News reported, citing people with knowledge of the matter. “Vibe coding” refers to a programming method where AI agents generate code, a concept gaining popularity…
(Reuters) – Nvidia has told some of its biggest Chinese customers that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without clashing with U.S. export rules, The Information reported on Friday. The chip giant has spoken with customers, including Alibaba Group, TikTok-parent ByteDance and Tencent…
