By Siddarth S and Akriti Shah (Reuters) -Palantir Technologies shares surged nearly 9% in early trading on Tuesday, after the company lifted its annual revenue forecast for the second time this year, banking on strong demand for its AI-related services from governments and companies. Investors have been betting big on the data analytics and defense…
By David Shepardson (Reuters) – The U.S. Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a key change needed to advance commercial uses like package deliveries. “We are going to unleash American drone dominance,” Transportation Secretary Sean Duffy said at a press conference on…
Dear Reader, Sell Nvidia. Sounds insane in the age of booming AI chip sales, right? Especially when it briefly became the world’s first $4 trillion company. So, given all the good news… what could possibly go wrong? Well, according to our in–house Global Macro analyst, Eric Fry, Nvidia’s best customers are becoming its biggest…
By Aditya Soni (Reuters) -Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots. The company described the “interim award” of the 96 million new…
By Maria Martinez WASHINGTON (Reuters) -State institutions should be independent and free from politics, German Finance Minister Lars Klingbeil said on Monday when asked about U.S. President Donald Trump’s firing of the head of the Bureau of Labor Statistics. “I consider this political approach to be wrong and believe that it is right for independent…
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts. “I was willing to wait another cycle, but I can’t wait forever,” Daly said…
By Pritam Biswas (Reuters) -Class A shares of Warren Buffett’s Berkshire Hathaway fell more than 3% in afternoon trading on Monday, as investors fretted over a $3.8 billion write-down and a dip in quarterly operating profit that the firm disclosed on Saturday. The write-down of Berkshire Hathaway’s 27.4% stake in Kraft Heinz, its second for…
By Dan Catchpole (Reuters) -More than 3,200 union members who assemble Boeing’s fighter jets in the St. Louis area and Illinois went on strike on Monday after rejecting a second contract offer the previous day. Boeing Defense said it was ready for the work stoppage and it will implement a contingency plan that uses non-labor…
By Nate Raymond (Reuters) -A federal judge on Friday rejected a bid by 16 Democratic-led states to force U.S. President Donald Trump’s administration to restore hundreds of millions of dollars of grants it canceled that support increasing diversity in science, technology, engineering and math fields. Democratic state attorneys general had urged U.S. District Judge John…
By Ana Mano SAO PAULO (Reuters) -China has approved 183 new Brazilian coffee companies to export products to the Chinese market, according to a social media post of the Chinese embassy in Brazil on Saturday. The measure, a boon to local exporters after the United States government’s announcement of steep tariffs on Brazilian coffee and…
