By Lewis Krauskopf NEW YORK (Reuters) -A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the prospect of global trade developments threatens to cause volatility at any time. The monthly U.S. employment report, data on first-quarter U.S….
(Reuters) -President Donald Trump’s administration aims to cut billions of dollars from programs that support child care, health research, education and housing in its fiscal 2026 budget proposal, the New York Times reported on Friday. The plan would also hit community development and housing assistance and is being finalized by the White House’s Office of…
By Aditya Kalra, Aditi Shah and Abhijith Ganapavaram NEW DELHI (Reuters) -Air India is in talks with U.S. planemaker Boeing to acquire around 10 737 MAX jets after Chinese customers started rejecting deliveries amid a trade war with the United States, two people familiar with the discussions told Reuters. Boeing CEO Kelly Ortberg said on…
(Reuters) -Facebook owner Meta Platforms is laying off an unspecified number of employees from its Reality Labs division amid ongoing restructuring efforts, the company said on Thursday. The job cuts affect teams within Oculus Studios, Meta’s in-house game development arm for Quest virtual reality headsets. Employees working on titles such as Supernatural, a VR fitness…
By David Shepardson WASHINGTON (Reuters) – The U.S. Attorney’s Office in Manhattan apologized on Thursday for accidentally filing an internal government letter that cast significant doubt on the Transportation Department’s effort to kill New York’s congestion pricing program in New York. Lawyers for the office late Wednesday erroneously filed an April 11 letter that said…
By Sarah N. Lynch and Peter Eisler WASHINGTON (Reuters) -The U.S. Justice Department is terminating grants totaling $811 million for a wide range of services to crime victims, including trauma recovery centers and sign language interpretation, two sources familiar with the matter told Reuters. The grants were worth $811 million when awarded, a total reported…
(Reuters) -German sportswear and apparel maker Adidas on Wednesday reported first-quarter sales and profit above expectations, citing growth across all its markets and channels. First-quarter operating profit jumped 82% to 610 million euros ($692 million), the group said, resulting in a margin of 9.9%. Analysts, in a company-provided consensus, had expected a margin of 8.9%…
By Stephen Nellis and Max A. Cherney SANT CLARA, California (Reuters) -Taiwan Semiconductor Manufacturing Co on Wednesday unveiled technology for making faster chips and putting them together in dinner-plate sized packages that will boost performance needed for artificial intelligence applications. It said its A14 manufacturing technology will arrive in 2028 and will be able to…
(Reuters) -Elon Musk’s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The company has started preliminary discussions with potential investors, but terms of the funding round are not yet finalized, according to the…
(Reuters) -Prices are rising and economic activity has begun to slow across parts of the nation as businesses and households try to adapt to U.S. President Donald Trump’s erratic rollout of sweeping tariffs aimed at reshaping global trade, a report Wednesday from the Federal Reserve showed. The “Beige Book,” as the report is known, captured…
