LONDON (Reuters) -Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector’s top global climate coalition. While the bank gave no reason for its decision, top banks have been under pressure from some U.S. Republican politicians over their membership, with…
By Laila Kearney NEW YORK (Reuters) -Oil prices rose about 2% on Thursday as investors returned for the first trading day of the new year with an optimistic eye on China’s economy and fuel demand after a pledge by President Xi Jinping to promote growth. Brent crude futures rose $1.44, or 1.9%, to $76.08 a…
(Reuters) – Tesla chief executive Elon Musk donated 268,000 Tesla shares to unnamed charities just before the new year, according to a regulatory filing on Tuesday. Musk, who owns about 12.8% of Tesla, made the donation as part of his “year-end tax planning” to “certain charities” that have “no current intention to sell such stock,”…
(This Dec. 23 story has been corrected to fix the spelling of ‘Jonah Crane’ in paragraphs 15 and 18) By Hannah Lang (Reuters) – The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens…
By Aditya Soni, Arsheeya Bajwa, Krystal Hu (Reuters) -OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to “raise more capital than we’d imagined,” and remove the restrictions imposed on the startup by its current nonprofit parent. The acknowledgement and detailed rationale behind…
