By Aditya Soni (Reuters) -The “Magnificent Seven” stocks were poised to gain more than $1 trillion in market value on Wednesday after U.S. President Donald Trump approved a 90-day tariff pause, easing pressure on tech giants that had tumbled in recent sessions. Shares of the companies, which include AI chip giant Nvidia, Apple, Tesla and…
By David Shepardson WASHINGTON (Reuters) -U.S. traffic deaths fell 3.8% in 2024 to 39,345, the lowest number since 2020, but fatalities on American roads remained above pre-COVID levels, the National Highway Traffic Safety Administration said on Tuesday. Last year marks the first time since 2020 that annual deaths involving vehicles dropped below 40,000 but they…
(Reuters) -A Tesla Supercharger station was damaged in Lacey, Washington, on Tuesday, according to local police and the Federal Bureau of Investigation. The impacted Tesla Supercharger station, which is located at 665 Sleater Kinney Road SE in Lacey, comprises 12 Superchargers, each capable of delivering up to 250 kW of power, according to the company’s…
(Reuters) – Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company. This is the second billion-dollar-plus deal involving a crypto company this year, as digital assets such as bitcoin gain more prominence under U.S. President Donald…
By Alexandra Ulmer, Marisa Taylor, Jeffrey Dastin and Alexandra Alper (Reuters) -Trump administration officials have told some U.S. government employees that Elon Musk’s DOGE team of technologists is using artificial intelligence to surveil at least one federal agency’s communications for hostility to President Donald Trump and his agenda, said two people with knowledge of the…
LONDON (Reuters) – A stock market rout, historic in scale, has swept across the globe wiping more than $10 trillion off major markets, as concerns about the economic damage unleashed by U.S. President Donald Trump’s tariffs spiral. No corner of the world has been left unscathed by selling, with moves of a magnitude last seen…
OTTAWA (Reuters) – The probability of a U.S. recession has risen significantly thanks to President Donald Trump’s tariffs and that will have a major negative effect on the Canadian economy, Prime Minister Mark Carney said on Monday. Carney also told a televised news conference he had spoken to Bank of Canada Governor Tiff Macklem and…
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) – Chile’s total lithium resources are 28% greater than previously estimated, according to new studies of salt flats in the northern Antofagasta region that show a higher amount of the battery metal, state mining body ENAMI said on Monday. A new analysis shows that the La…
WASHINGTON (Reuters) – U.S. Trade Representative Jamieson Greer will tell the Senate Finance Committee on Tuesday that nearly 50 countries have approached him to discuss new sweeping tariffs imposed by President Donald Trump. “Several of these countries, such as Argentina, Vietnam, and Israel, have suggested they will reduce their tariffs and non-tariff barriers,” Greer said…
WASHINGTON (Reuters) – Layoffs announced by U.S. employers surged in March to the highest level since the pandemic recession as the government purged federal workers and contractors to slash spending. Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts increased 60% to 275,240 last month, the highest level since May…
