BMO Capital cuts S&P 500 year-end 2025 target to 6,100
NEW YORK (Reuters) – BMO Capital on Wednesday cut its year-end 2025 S&P 500 target by 9% to 6,100 from the prior 6,700, citing the speed and severity of the…
Musk’s xAI increased Tennessee gas turbines without permits, community groups say
(Reuters) -Elon Musk’s xAI has nearly doubled gas turbines at its Tennessee data center, exceeding previously known figures and surpassing the number for which the company has submitted permits, according…
Trump tariffs shift shows benefits of EU unity, says German chancellor-designate Merz
BERLIN (Reuters) – Friedrich Merz, Germany’s likely next chancellor, said U.S. President Donald Trump’s pause of tariffs for 90 days was evidence of a united European approach to trade having…
Magnificent Seven to add more than $1 trillion in value after Trump pauses some tariffs
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…
US traffic deaths fell 3.8% in 2024, lowest number since 2020
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…
Tesla Supercharger station damaged in Washington, authorities say
(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…
Crypto firm Ripple to buy prime broker Hidden Road for $1.25 billion
(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.…
Musk’s DOGE using AI to snoop on U.S. federal workers, sources say
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…
Global markets are in meltdown: here’s how it looks in charts
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…
Carney says chances of US recession has shot up, will hit Canada
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,…