WASHINGTON (Reuters) – Republican and Democratic negotiators in the U.S. Congress are closing in on a deal for a stopgap spending bill to fund the government through March 14, averting a partial shutdown that would otherwise begin Saturday, a source familiar with the talks said on Monday. The measure would likely keep the roughly $6.2…
By Isla Binnie and Ross Kerber NEW YORK / BOSTON (Reuters) – Top U.S. asset managers worried that signing up to an industry climate initiative could make them appear to be working too closely together and draw regulatory scrutiny, according to a report released Friday by a Republican-led U.S. Congressional Committee. The report is the…
By Naomi Rovnick LONDON (Reuters) – Central banks in the euro area and Switzerland cut rates on Thursday, a day after Canada slashed rates by a hefty 50 bps. Australia, meanwhile, eased its previously dovish tone this week, while Japan remains an outlier. Here’s where major rate-setters stand and what traders expect next. 1/ SWITZERLAND…
(Reuters) – Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX. Musk is Tesla’s largest shareholder with about a 13% stake in the company. The EV…
By Chuck Mikolajczak NEW YORK (Reuters) – Tesla shares climbed to a record high of $415 on Wednesday, topping its prior high of $414.50 set more than three years ago as the electric vehicle maker extended a rally in the wake of the U.S. presidential election. Shares of Tesla previously hit a record on Nov….
(Reuters) – The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump’s presidency and bets on AI-fueled earnings growth in the coming quarters. The tech-heavy index rose 1.6% to an all-time high of 20001.42 points. It has jumped…
By Tim Reid and Jason Lange WASHINGTON (Reuters) – Elon Musk spent over a quarter of a billion dollars to help Donald Trump win November’s presidential election, according to new filings, underscoring the influence one of the world’s wealthiest people had on this year’s White House race. The billionaire owner of electric car maker Tesla…
By Andy Sullivan WASHINGTON – Billionaire Elon Musk and former presidential candidate Vivek Ramaswamy met on Thursday with Republican lawmakers whose support they will need to win the sweeping spending cuts that President-elect Donald Trump has asked them to find. The two entrepreneurs have been named by Trump to a task force that aims for…
(Reuters) – Alphabet’s Waymo said on Thursday it will expand its autonomous ride-hailing services to Miami, Florida, adding another city to its operations as it seeks to gain an edge in an increasingly competitive market. The company plans to introduce its vehicles to Miami’s streets early next year and aims to launch services to riders…
(Reuters) – New York City police were still searching for the man who killed UnitedHealth executive Brian Thompson outside a Midtown Manhattan hotel early Wednesday. Here is what is known about the incident, Thompson, and the suspect: WHAT HAPPENED? HOW DID THE SUSPECT ESCAPE? At about 6:45 a.m. ET on Wednesday, Thompson was walking from…
