(Reuters) – Uber’s CEO Dara Khosrowshahi said on Friday that both he and the ride-hailing firm are supportive of U.S. President Donald Trump’s initiative to eliminate taxes on tips received by its drivers. “I think the President has said he believes in no taxes on tips generally. We think it’s a terrific idea and we…
By Jack Queen and Daniel Wiessner (Reuters) – The Trump administration can for now continue its mass firings of federal employees, a federal judge ruled on Thursday, rejecting a bid by a group of labor unions to halt President Donald Trump’s dramatic downsizing of the roughly 2.3 million-strong federal workforce. The ruling by U.S. District…
By Sriparna Roy (Reuters) – Eli Lilly is betting big on its experimental oral weight-loss drug even before reporting data from its late-stage trial by recording nearly $550 million in “pre-launch inventory” in its financial statements, a filing showed on Wednesday. The move is unusual as it comes more than a year before the drug,…
By Sarah Morland MEXICO CITY (Reuters) – The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years. Speaking at President Claudia Sheinbaum’s morning press conference in Mexico City, Netflix CEO Ted Sarandos said he looked…
BRASILIA (Reuters) – Brazilian Supreme Court Justice Alexandre de Moraes ordered the social media platform X owned by billionaire Elon Musk to pay a fine of 8.1 million reais ($1.42 million) for noncompliance with judicial orders, according to a ruling made public on Thursday. The decision stems from a legal process last year in which…
By Divya Rajagopal, Portia Crowe and Giulia Paravicini (Reuters) -Canadian miner Barrick Gold has signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets in the West African country, two people familiar with the developments told Reuters on Wednesday. Barrick has signed the agreement and it is…
By David Shepardson WASHINGTON (Reuters) -Personnel from Elon Musk’s government downsizing team DOGE will make additional visits to Federal Aviation Administration facilities as they assist in efforts to modernize U.S. national airspace, the acting head of the agency said on Wednesday. Acting FAA Administrator Chris Rocheleau said the DOGE team — which visited the Air…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S.-listed exchange-traded funds focused on China have drawn bullish options flows as the emergence of artificial intelligence startup DeepSeek brightens the outlook for Chinese tech shares, and tariff-related news seemed less threatening than before. Traders have been loading up in recent weeks on bullish options on the…
(Reuters) – Amazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday. Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls. “After careful consideration, we…
(Reuters) – BlackRock has temporarily paused meetings with some portfolio companies while studying the impact of new reporting rules from the U.S. Securities and Exchange Commission, according to people familiar with the matter. The top U.S. asset manager is among those affected by a recent SEC interpretation requiring fund firms to file more extensive ownership…
