By Brad Brooks, Andrew Hay and Costas Pitas (Reuters) -A federal court on Tuesday blocked Texas from using a new congressional map intended to flip several Democratic-held U.S. House of Representatives seats to Republicans in the 2026 midterm elections, faulting Governor Greg Abbott for directing the legislature to draw it based on race. The 2-1…
The Next AI Boom Won’t Be Chips. It’ll Be Software-And This Startup Is Leading It. Could This Be the Biggest Investment Story of the Year? [sponsor] Today’s Breaking News Meta to block Facebook and Instagram for Australian teens by December 10 The company said it had begun notifying users it believed were between 13 and 15 years…
By Mike Scarcella WASHINGTON (Reuters) -Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from his multibillion-dollar purchase of Twitter. X told a state court…
By Ann Saphir (Reuters) -Chicago Federal Reserve President Austan Goolsbee on Thursday said he is uneasy about cutting interest rates in the face of too-high inflation that’s steady at best and by some measures getting worse, remarks that signal a reluctance to support a third straight reduction in borrowing costs next month. “My unease is…
(Reuters) -Defense supplier L3Harris Technologies said on Tuesday it will invest $400 million in a new solid rocket motor production campus in Arkansas, marking one of the largest such expansions in the U.S. in decades. The new 110-acre campus at Camden, Arkansas will feature more than 20 buildings and expand manufacturing capacity of large solid…
SYDNEY (Reuters) -Meta will block Australian users under 16 from accessing Instagram, Facebook and Threads by December 10 to comply with the country’s sweeping social media ban for teenagers, the company said on Thursday. The company said it had begun notifying users it believed were between 13 and 15 years old that their accounts will be…
(Reuters) -Walmart said on Thursday it would move its longtime listing on the New York Stock Exchange to Nasdaq, joining the tech-heavy exchange as one of its most valuable members. The shift, scheduled for December 9, underscores the retail giant’s push to become more technology-focused — from integrating artificial intelligence across operations to accelerating e-commerce…
By Fergal Smith TORONTO (Reuters) -Canada’s main stock index fell to a 10-day low on Monday as worries about the sustainability of the spending boom around artificial intelligence offset an easing of domestic inflation pressures. The S&P/TSX composite index ended down 250.25 points, or 0.8%, at 30,076.21, its lowest closing level since November 7. Wall…
New Way to Earn Passive Income in Crypto in 2025 Musk’s Big Prediction for 2025 [sponsor] Today’s Breaking News US Social Security scraps plan to limit disability benefits, WaPo reports The policy would have changed eligibility for two federal disability programs by either eliminating or limiting the age of the claimant as a factor for consideration,…
By Matt Tracy WASHINGTON (Reuters) -U.S. corporate credit spreads widened on Monday as the U.S. stock market closed below a key technical indicator for the first time in months. The average option-adjusted spread on U.S. high-yield corporate credit, or the premium over Treasury spreads paid by companies to borrow, widened six basis points between Friday…
