By Jeff Mason and Isla Binnie WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order on Thursday that aims to allow private equity, real estate, cryptocurrency, and other alternative assets in 401(k) retirement accounts. The order smoothes the way for private equity and other fund managers to tap into trillions of dollars of Americans’…
By Melanie Burton MELBOURNE (Reuters) -So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain cash for their massive development projects, while trying to keep a lid on costs. Rio Tinto, Anglo American and Glencore have all reported lower half year…
By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Airbnb on Wednesday forecast weaker growth for the rest of the year, with the company blaming the trend on tough comparisons with the year-ago period when strong bookings in Asia and Latin America had boosted earnings. Shares of the vacation rentals company fell more than 6% after the…
By Manoj Kumar and Sarita Chaganti Singh (Reuters) -Indian Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country’s farmers even if he has to pay a heavy price for it, in his first comments after U.S. President Donald Trump’s salvo of a 50% tariff on Indian goods. Trump announced…
-Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday, citing continued growth in both Germany and the U.S., and edged up its full-year profit guidance. The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA AL) of 11 billion euros ($13 billion), compared…
By Humeyra Pamuk WASHINGTON (Reuters) -President Donald Trump’s administration has instructed U.S. diplomats in Europe to launch a lobbying campaign to build an opposition to the European Union’s Digital Services Act, which Washington says stifles free speech and imposes costs on U.S. tech companies, an internal diplomatic cable seen by Reuters showed. In a State…
By Junko Fujita TOKYO (Reuters) -Japan’s Topix index touched a record high on Thursday, tracking strong overnight gains on Wall Street, while solid corporate earnings from domestic firms reinforced expectations of wage growth. The broader Topix was up nearly 1% at 2,993.14, as of 0206 GMT. Earlier in the session, the benchmark index hit an…
By David Shepardson (Reuters) -U.S. Transportation Secretary Sean Duffy said Tuesday the department has concerns about the use of AI to set personalized airline ticket prices and will investigate if anyone does so. Last week, Delta Air Lines told lawmakers it will not and has not used AI to set prices for individual consumers. “To…
(Reuters) -Tesla’s sales volume in Germany more than halved in July, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose overall. KBA said Tesla sold 1,110 cars in Germany in July, down by 55.1% from a year earlier. The number of Teslas sold in the January-July period dropped…
By Siddarth S and Akriti Shah (Reuters) -Palantir Technologies shares surged nearly 9% in early trading on Tuesday, after the company lifted its annual revenue forecast for the second time this year, banking on strong demand for its AI-related services from governments and companies. Investors have been betting big on the data analytics and defense…
