By Manya Saini (Reuters) -Crypto custody startup BitGo said on Monday it has confidentially filed for a U.S. listing, joining a wave of companies looking to capitalize on strong market momentum. The crypto sector’s climb to a $4-trillion market value has reignited interest for initial public offerings, with clearer regulation, corporate treasury adoption, and institutional…
BRUSSELS (Reuters) -A growing number of European Union member states, including Germany, are considering using wide-ranging “anti-coercion” measures targeting U.S. services if the EU cannot reach a trade deal with U.S. President Donald Trump, EU diplomats say. Here are details of the bloc’s Anti-Coercion Instrument, which took effect at the end of 2023 and hitherto…
By Rishika Sadam and Sai Ishwarbharath B HYDERABAD/BENGALURU (Reuters) -U.S. retailer Costco Wholesale Corp will open its first technology centre in India in Hyderabad, two people familiar with the plans told Reuters. The Global Capability Centre, handling technology and research operations and working alongside global teams, will initially employ 1,000 people and scale up, sources…
By Phil Stewart WASHINGTON (Reuters) -The Pentagon announced on Monday it was ending its deployment of some 700 active-duty Marines sent to Los Angeles last month to protect federal property and personnel during a spate of protests tied to President Donald Trump’s immigration crackdown. The withdrawal follows last week’s decision to remove about half of…
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s chip unit unveiled on Tuesday a new networking processor that aims to speed artificial intelligence data crunching, which requires stringing together hundreds of chips that work together. The new chip is the latest piece of hardware that Broadcom has brought to bear against rival AI giant Nvidia….
NEW YORK (Reuters) -Goldman Sachs will finance a $270 million affordable housing project to build 385 apartments in the East New York neighborhood of Brooklyn, New York Governor Kathy Hochul’s office said. The city’s housing crunch and rising rents have become a key focus of Democratic mayoral candidate Zohran Mamdani’s campaign. The project financed by…
By Gram Slattery WASHINGTON (Reuters) -Two senior officials at the White House National Security Council have left their roles in recent days, according to two sources familiar with the moves, the latest departures for a body that has been cut sharply in recent months. Ian Bennitt, the senior director for maritime and industrial capacity, and…
(Reuters) -Advertising firm Omnicom on Tuesday beat Wall Street estimates for the second quarter, fueled by growth in its advertising and media segment. Shares of the company rose 2.2% in trading after the bell. The ad firm’s results stayed immune to the ongoing macroeconomic and geopolitical uncertainty, helped by continued spending by businesses on Omnicom’s…
By Elisa Anzolin and Juby Babu (Reuters) -Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a source told Reuters on Tuesday, amid growing consumer interest in AI-powered wearable devices. Sprucing up its wearable technology with artificial-intelligence capabilities could help Meta attract new users as it invests billions of dollars in bolstering…
By Jonathan Stempel (Reuters) -The U.S. Federal Trade Commission on Tuesday called on Amazon.com and Walmart to crack down on third-party sellers that make deceptive “Made in USA” claims on the retailing giants’ online marketplaces. In letters to Amazon and Walmart, the FTC said it learned of several instances where third-party sellers falsely claimed their…
