LONDON (Reuters) -Gold funds received their largest weekly inflow on record in the week to Wednesday, Bank of America Global Research said in a note citing EPFR data, a week in which the precious metal’s price surged to a new record, before retreating sharply. Gold funds saw inflows of $8.7 billion in the week BofA said, putting…
(Reuters) -U.S. railroad operator Norfolk Southern posted a rise in third-quarter profit on Thursday, in its first earnings report after announcing an $85 billion deal to form the nation’s first coast-to-coast freight rail operator with Union Pacific. The deal, which drew a positive response from U.S. President Donald Trump, is still subject to regulatory clearance…
(Reuters) -Coca-Cola expects to take an impairment charge of about $1 billion during the fourth quarter of 2025 related to the sale of a part of its interest in bottling operations in Africa, the beverage maker said in regulatory filing on Thursday. Shares of Coca-Cola dipped about 1% in late-afternoon session. On Tuesday, Swiss-based bottler…
By Shivansh Tiwary and Aishwarya Jain (Reuters) -Hilton Worldwide’s finance chief warned on Wednesday that the ongoing U.S. government shutdown was affecting travel demand, echoing concerns from other corporate leaders as businesses brace for broader fallout if the impasse is not resolved soon. The shutdown, now stretching into its fourth week amid a deadlock in…
By Tom Hals DOVER, Delaware (Reuters) -Elon Musk’s $56 billion pay package from Tesla should have been restored by a vote of the company’s shareholders last year, a Tesla attorney argued to the Delaware Supreme Court on Wednesday. One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded…
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By Ann Saphir (Reuters) -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday said that while he doesn’t believe artificial intelligence will quickly replace U.S. workers, massive investment in AI data centers will tend to drive borrowing costs higher, even if the Fed reduces its short-term policy rate. President Donald Trump has pushed for…
By Jarrett Renshaw, Ernest Scheyder and Gram Slattery (Reuters) -Trump administration officials have discussed taking a stake in Critical Metals Corp, four people familiar with the discussions told Reuters, which would give Washington a direct interest in the largest rare earths project in Greenland, the Arctic territory that President Donald Trump once suggested buying. If…
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(Reuters) -Elon Musk’s xAI has struck a deal with the U.S. General Services Administration (GSA) to provide the artificial intelligence startup’s Grok chatbot to federal agencies, the government’s procurement arm said on Thursday. The contract underscores Washington’s push to expand the use of AI in government operations, while intensifying competition among leading developers of the booming…
