By Ross Kerber (Reuters) – New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything from climate policy to director contests, experts say. Since last month when U.S. President Donald Trump named Mark Uyeda acting chair of the Securities and…
By Suzanne McGee (Reuters) – Vanguard Group’s Standard & Poor’s 500 ETF is on the edge of finally seizing the title of the world’s largest exchange-traded fund from rival State Street Global Advisors’ product, the SPDR S&P 500 Trust, according to data from FactSet, LSEG and other sources. As of late Friday, the State Street…
(Reuters) – A federal judge on Tuesday ordered a Democrat who served as the chair of a U.S. agency that hears appeals by federal government employees when they are fired or disciplined to be temporarily reinstated after Republican U.S. President Donald Trump fired her. U.S. District Judge Rudolph Contreras in Washington issued a temporary restraining…
HONG KONG (Reuters) – The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders. Xi hosted a symposium in Beijing with the country’s top tycoons, including…
By Tom Hals WILMINGTON, Delaware (Reuters) – A U.S. judge has scheduled a rare holiday court hearing on Monday, in a case brought by Democratic state attorneys general seeking to protect major federal agencies from Elon Musk’s government cost-cutting team known as DOGE. U.S. District Judge Tanya Chutkan in Washington, D.C., on Sunday called the…
WARSAW (Reuters) -Microsoft plans to invest an additional 700 million dollars in Poland to improve Polish cybersecurity in cooperation with the country’s armed forces, the company’s president said on Monday without elaborating. In a joint press conference with Polish Prime Minister Donald Tusk, Microsoft President Smith said the investment would be for a second phase…
By Michael Martina, Yimou Lee and Ben Blanchard WASHINGTON/TAIPEI (Reuters) – Taiwan is exploring buying arms worth billions of dollars from the United States, sources briefed on the matter said, hoping to win support from the new Trump administration as China continues to apply military pressure on the island. Three sources familiar with the situation,…
By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk’s $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said. On Thursday, they completed the secondary sale of $4.74 billion of…
By Katie Paul and Harshita Mary Varghese (Reuters) -Meta Platforms is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday. Facebook parent Meta is entering the competitive field of humanoid robotics, joining rivals…
(Reuters) -Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter. Shares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia’s GB200 semiconductors to…
