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…
By David Shepardson (Reuters) – The U.S. Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a key change needed to advance commercial uses like package deliveries. “We are going to unleash American drone dominance,” Transportation Secretary Sean Duffy said at a press conference on…
By Aditya Soni (Reuters) -Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots. The company described the “interim award” of the 96 million new…
By Maria Martinez WASHINGTON (Reuters) -State institutions should be independent and free from politics, German Finance Minister Lars Klingbeil said on Monday when asked about U.S. President Donald Trump’s firing of the head of the Bureau of Labor Statistics. “I consider this political approach to be wrong and believe that it is right for independent…
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts. “I was willing to wait another cycle, but I can’t wait forever,” Daly said…
By Pritam Biswas (Reuters) -Class A shares of Warren Buffett’s Berkshire Hathaway fell more than 3% in afternoon trading on Monday, as investors fretted over a $3.8 billion write-down and a dip in quarterly operating profit that the firm disclosed on Saturday. The write-down of Berkshire Hathaway’s 27.4% stake in Kraft Heinz, its second for…
WASHINGTON (Reuters) -Democratic former U.S. Vice President Kamala Harris said on Wednesday she will not run for governor of California, ending speculation that the failed presidential candidate would seek the high-profile post. “I have given serious thought to asking the people of California for the privilege to serve as their Governor. I love this state,…
By Jonathan Stempel (Reuters) -Twelve Democratic members of Congress sued the Trump administration on Wednesday, accusing immigration officials of blocking their access to detention facilities housing noncitizens. In a complaint filed in Washington, D.C., federal court, the House lawmakers challenged a new Department of Homeland Security policy requiring seven days’ notice for visits, and deeming…
By Gram Slattery and Ryan Patrick Jones WASHINGTON (Reuters) -The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. The sanctions broadly target the shipping interests…
WASHINGTON (Reuters) -The U.S. excluded several of Brazil’s major exports from the 50% tariff President Donald Trump signed into an executive order on Wednesday, including orange juice, some aircraft, wood pulp and energy products, lifting shares of planemaker Embraer and pulpmaker Suzano. In a fact sheet published on Wednesday, the U.S. government tied the tariffs…
