By Jonathan Stempel NEW YORK (Reuters) – Ripple Labs agreed to settle a U.S. Securities and Exchange Commission civil lawsuit over the alleged sale of unregistered securities and pay just $50 million of a previously imposed $125 million fine, the cryptocurrency company’s chief legal officer said on Tuesday. The accord would end one of the…
By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2. Traders also took advantage of the near 40% decline in the stock so far this…
By Jack Queen (Reuters) -President Donald Trump’s agenda has partially stalled in court as judges block his efforts to crack down on immigration and rein in Elon Musk’s hunt for government fraud and waste, though the administration has scored some wins and is appealing its losses. Here is a look at recent developments in the…
BEIJING (Reuters) – China’s commerce minister told Apple CEO Tim Cook on Monday that the company is welcome to expand investment in the country, a ministry statement showed. Wang Wentao, the minister, and Cook exchanged views on topics such as Apple’s business development in China and China-U.S. economic and trade relations, according to the statement….
(Reuters) – OpenAI’s Chief Operating Officer Brad Lightcap will oversee global expansion and corporate partnerships, CEO Sam Altman said on Monday, as the Microsoft-backed startup seeks to cement its dominance in the fast-growing AI industry. The ChatGPT-maker is partnering with SoftBank Group and Oracle to establish a network of data centers under the $500-billion Stargate…
By Shivansh Tiwary (Reuters) -FedEx’s shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump administration’s sweeping tariffs on trading partners. CEO Raj Subramaniam warned a day earlier that the company was navigating a very “challenging operating environment”…
By Nate Raymond BOSTON (Reuters) – The founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the founder and CEO of cryptocurrency “market maker” Gotbit, and his company entered…
By Dawn Chmielewski and Katie Paul NEW YORK (Reuters) -White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company ByteDance to up their stakes and acquire the short video app’s U.S. operations, according to two sources familiar with the discussions. The plan entails spinning…
(Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ iPath Series B S&P 500 VIX Short-Term Future exchange-traded notes (“VXX”) could not…
(Reuters) – Apple is shaking up its executive ranks to get its AI efforts back on track after months of delays, Bloomberg News reported on Thursday citing people familiar with the situation. Some AI improvements to voice assistant Siri will be delayed until 2026, Apple had said earlier this month without giving any reason for…
