(Reuters) -ByteDance-owned TikTok Chief Executive Officer Shou Zi Chew has sought input on U.S. matters from Elon Musk, a close adviser to President-elect Donald Trump, the Wall Street Journal reported on Saturday citing people familiar with the matter. Chew initiated messages with the Tesla CEO in recent weeks and asked for his opinions on topics…
(This Nov. 22 story has been corrected to fix the spelling of Asymmetric in paragraph 7) By Davide Barbuscia (Reuters) – President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary could lift some of the gloom that has pervaded the sagging U.S. government bond market in recent weeks, investors said. Trump on Friday said…
By Lewis Krauskopf NEW YORK (Reuters) – The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past…
FRANKFURT (Reuters) – Europe and the U.S. will both take a growth hit if there is a new trade war and inflation could also rise, increasing pressure on EU leaders to kick start long-delayed economic integration to insulate the bloc, Bundesbank President Joachim Nagel said on Friday. Nagel joins a long list of policymakers arguing…
By Anna Mehler Paperny TORONTO (Reuters) – Canadian neurosurgeons in partnership with Elon Musk’s Neuralink have regulatory approval to recruit six patients with paralysis willing to have a thousand electrode contacts in their brains. The trial, called CAN-PRIME, has started recruiting patients for a study that will test the safety and efficacy of a device…
By Foo Yun Chee BRUSSELS (Reuters) -Amazon will likely face an EU investigation next year into whether it favours its own brand products on its online marketplace as European antitrust regulators build up a case under landmark rules, people with direct knowledge of the matter said. The U.S. online retailer could face a fine of…
A look at the day ahead in U.S. and global markets from Mike Dolan There’s not too much to worry about at the world’s most valuable company – or the artificial intelligence theme – but just conceding that triple-digit growth can’t last forever has been enough to stall Nvidia’s share price and dampen global tech…
(Reuters) – Delta Air Lines said on Wednesday it expects 2025 revenue to grow by a mid single-digit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier. The airline added that affluent customers were thriving with leisure travel being the highest priority purchase for high-income households. Premium travel…
By Chris Prentice and Echo Wang NEW YORK (Reuters) – Jay Clayton, President-elect Donald Trump’s pick for U.S. Attorney in Manhattan, said the office is well-positioned to focus on national security and combating terrorism financing and money laundering. Trump nominated Clayton, former U.S. Securities and Exchange Commission Chairman, last week to be U.S. Attorney for…
By Savyata Mishra (Reuters) -Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart, sending its shares tumbling nearly 20%. The results are in contrast to the world’s no. 1 retailer Walmart, which raised its annual sales and profit forecast for the…
