By Arasu Kannagi Basil and Davide Barbuscia (Reuters) – Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped money into the company’s exchange-traded funds, the world’s largest asset manager said on Monday. Stock markets have scaled record highs in the last…
By Jonathan Stempel (Reuters) -Berkshire Hathaway’s share price hit a record high on Monday, reflecting investors’ confidence in Warren Buffett’s company, which is often regarded as a microcosm of the broader American economy. The price of Berkshire’s Class A shares rose 1.5% to $649,000 in late morning trading, surpassing the $647,039 price reached on Feb….
By James Oliphant and Gram Slattery WASHINGTON (Reuters) – In a country already on edge, the assassination attempt on former President Donald Trump has enraged his supporters, paused the Democratic campaign and raised fears of further political violence in the run-up to November’s election. Trump’s Republican allies painted him as a hero on Saturday, seizing…
By Hyunjoo Jin and Alexandra Ulmer (Reuters) -Elon Musk, the billionaire CEO of Tesla, publicly endorsed Donald Trump for the first time in the U.S. presidential race, calling the Republican former president “tough.” Musk tweeted the endorsement with a video of Trump pumping his fist after multiple shots rang out at Trump’s rally in Pennsylvania,…
By Anna Tong and Katie Paul ChatGPT maker OpenAI is working on a novel approach to its artificial intelligence models in a project code-named “Strawberry,” according to a person familiar with the matter and internal documentation reviewed by Reuters. The project, details of which have not been previously reported, comes as the Microsoft-backed startup races…
(Reuters) – Billionaire hedge fund manager Bill Ackman endorsed Donald Trump in the U.S. presidential race on Saturday. “I just endorsed him,” Ackman posted on social media platform X after former President Trump was shot in the right ear during a campaign rally earlier Saturday. “But you know me. I write long posts on important…
(Reuters) – China expressed strong opposition on Saturday to a U.S. law signed by President Joe Biden that presses Beijing to resolve a dispute over Tibet’s demands for greater autonomy, vowing to “firmly defend” its interests. Biden signed into law on Friday the Tibet dispute act, which seeks to push Beijing to hold talks with…
WASHINGTON (Reuters) -Meta said on Friday it was rolling back some restrictions that had applied to former U.S. President Donald Trump’s Facebook and Instagram accounts. The social media company indefinitely suspended Trump’s accounts following his praise of people who stormed the U.S. Capitol on Jan. 6, 2021. The company then reinstated his accounts in early…
LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain’s king unveiling the legislative programme of the new Labour Government. Don’t race off for that summer break just yet. Here’s what to expect in…
WASHINGTON (Reuters) -Billionaire Elon Musk has donated to a political group working to elect former U.S. President Donald Trump, Bloomberg reported on Friday, citing sources. The report did not indicate how much Musk donated but added it was “a sizable amount” given to a group called America PAC. Bloomberg reported that the PAC – a…
