By Ahmad Ghaddar and Seher Dareen LONDON (Reuters) -Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week. After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest since January as investors price in…
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) -The damage to Iran’s nuclear facilities from Israel’s initial wave of air strikes early on Friday appeared to be limited, experts who have reviewed commercially available satellite imagery said. Israel’s attacks succeeded in killing Iranian military leaders and nuclear scientists and in striking military command and control…
By Samia Nakhoul and Parisa Hafezi DUBAI (Reuters) -Israel has gutted Iran’s nuclear and military leadership with airstrikes that leave a weakened Tehran with few options to retaliate, including an all-out war that it is neither equipped for nor likely to win, four regional officials said. The overnight strikes by Israel – repeated for second…
By Abigail Summerville NEW YORK (Reuters) -Pharmacy chain Walgreens and reality star turned entrepreneur Kourtney Kardashian are among those picking over the remaining assets in Rite Aid’s bankruptcy, according to two people familiar with the matter. In addition to Walgreens, brand management companies Authentic Brands Group, WHP Global and Marquee Brands have been evaluating Rite…
By Kenrick Cai and Krystal Hu SAN FRANCISCO (Reuters) -OpenAI plans to add Alphabet’s Google cloud service to meet its growing needs for computing capacity, three sources told Reuters, marking a surprising collaboration between two prominent competitors in the artificial intelligence sector. The deal, which has been under discussion for a few months, was finalized…
WASHINGTON (Reuters) -U.S. President Donald Trump warned people on Tuesday against protesting at the weekend military parade in Washington marking the U.S. Army’s 250th anniversary. “For those people that want to protest, they’re going to be met with very big force,” Trump told reporters in the White House’s Oval Office. Law enforcement agencies are preparing…
(Reuters) -Videogame retailer GameStop reported a decline in quarterly revenue on Tuesday as more customers moved away from its mainstay brick-and-mortar stores in favor of digital game downloads. Shares of the Grapevine, Texas-based company fell nearly 4% in extended trading. GameStop, which was once at the heart of the “meme stock” trading frenzy, has long…
By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies. The Malta, New York-based company said it is working with the…
BEIJING (Reuters) -A decline in Tesla’s China-made electric vehicle sales extended to an eighth month in May, as the U.S. automaker’s sales woes were compounded by brutal price wars in the world’s largest auto market. Deliveries of China-made Model 3 and Model Y vehicles, including both domestic sales and exports to Europe and other markets,…
By Guy Faulconbridge and Dmitry Antonov MOSCOW (Reuters) -Moscow said on Wednesday that military options were “on the table” for its response to Ukrainian attacks deep inside Russia and accused the West of being involved in them. Russia also urged the United States and Britain to restrain Kyiv after the attacks, which Ukrainian officials have…
