(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future. The company’s shares slumped 7.5% in early trading after Musk’s political move, which…
(Reuters) -Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its presence outside the United States. Trump Media said users can now access streaming channels…
By Matt Tracy and Shankar Ramakrishnan (Reuters) -When President Donald Trump’s 90-day pause on U.S. tariffs ends Wednesday, once-bitten-twice-shy bond investors could take on more risk by adding high-yield bonds to portfolios, rather than panic-sell credit as seen after April 2’s ‘Liberation Day’ tariff announcement, said many fund managers and bankers. Credit market shops as…
(Reuters) -When China restricted rare earth exports to Japan in 2010 during a diplomatic spat, a wild west domestic industry undermined Beijing with rampant smuggling. In a sharp shift that reflects how China has massively tightened control over the sector since then, when it imposed new restrictions in April this year, automakers worldwide faced shortages…
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ALERT: Q3 Could Be a Pivotal Quarter for Nasdaq Stocks From $1.50 per share to $98.40 🤩 [sponsor] [adv] ALERT: Q3 Could Be a Pivotal Quarter for Nasdaq Stocks [sponsor] As we head into the third quarter of 2025, investors are facing a market full of mixed signals. Rising interest rates…AI-driven volatility…shifting earnings guidance… I’ve prepared…
(In first paragraph please read “this month” not “next month”) By Sabrina Valle NEW YORK (Reuters) -Wall Street rallied to record highs Thursday, as chip-maker Nvidia rose closer to a $4 trillion valuation and a surprisingly strong U.S. jobs report cheered investors, who shrugged off dimming chances for a U.S. interest rate cut this month….
By Andrea Shalal WASHINGTON (Reuters) -The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S. Treasury Secretary Scott Bessent told CNBC on Thursday, adding that officials had “a lot of good candidates.” Bessent said it was up to the Fed to decide interest rates, although he added…
By Krystal Hu (Reuters) -Ilya Sutskever has taken over the reins of Safe Superintelligence (SSI), the artificial intelligence startup he launched last year, after losing CEO Daniel Gross to an intensifying talent war in the industry. Gross has joined Meta Platforms to lead its AI products division, sources told Reuters. The development comes as tech…
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) -The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters. The initiative, modeled on the World Bank’s Multilateral Investment Guarantee Agency…
