ROME (Reuters) – Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault. “We are not discussing any merger,” Elkann said at the FT Future of the Car Summit in London, speaking in a panel discussion with Renault CEO Luca…
Market Briefing As we head into the back half of May, traders are juggling a mix of macro catalysts and sector-specific stories. CPI data gave some signs of cooling, but the market remains uncertain about the Fed’s next steps. Tech is showing resilience, energy is holding ground, and retail earnings are delivering mixed signals. This…
Washington Is Backing North American Mining-See Which Firm Is in the Spotlight From $1.50 per share to $98.40 🤩 [adv] Washington Is Backing North American Mining-See Which Firm Is in the Spotlight [sponsor] New U.S. policy moves are fast-tracking domestic mining projects. With silver and gold both gaining geopolitical relevance, one firm could benefit…
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft is set to stave off a possible hefty antitrust fine as EU regulators are likely to accept an offer on its Office and Teams products, three people familiar with the matter said on Wednesday, amid tensions with the United States over the EU’s scrutiny of Big Tech….
By Raphael Satter WASHINGTON (Reuters) -Alphabet’s Google said hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States. “US retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs,” John Hultquist, an analyst at Google’s cybersecurity arm, said in…
By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years. Under the collaboration, iFood users will be able to book Uber rides directly from the iFood app, while Uber users…
(Reuters) -Lockheed Martin expects to be awarded a finalized contract on its F-35 jets, which have been beset by delays in a technology upgrade, sooner than it previously anticipated, the U.S. defense contractor’s finance chief said on Wednesday. The fighter jets in lot 19 could potentially be awarded sooner than the second half of this…
Silver Demand Is Soaring. Supply Can’t Keep Up. One Firm is in the Right Place. From $1.50 per share to $98.40 🤩 [adv] Silver Demand Is Soaring. Supply Can’t Keep Up. One Firm is in the Right Place. [sponsor] Global silver demand reached 1.16 billion ounces in 2024-while supply lagged again. With 2025 shaping up…
(Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.S. companies during a tour of Gulf states. Among the biggest deals, Nvidia said it will sell hundreds of thousands of AI chips in…
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds reaped limited gains from a big Wall Street stock rally triggered by a U.S.-China agreement on tariffs on Monday, a Morgan Stanley note on Tuesday showed. Hedge funds rose 0.60% on average on Monday, underperforming the S&P 500 index, which advanced 3.23% and closed at its…
