By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a Morgan Stanley note to clients seen by Reuters. The bank said the Magnificent Seven stocks accounted for more than…
By Jody Godoy WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Monday sued Uber Technologies, accusing it of signing up some Uber One subscribers without their knowledge and making deceptive claims about the service. The service costs $9.99 a month and offers discounts on fees associated with Uber’s ride-hailing and food-delivery apps. Uber falsely…
BEIJING (Reuters) -China’s shipbuilders on Saturday blasted as “short-sighted” U.S. port fees announced by President Donald Trump’s administration on China-linked ships, a measure aimed at the nation’s shipbuilding industry. Trump signed an order on Wednesday aimed at reviving U.S. shipbuilding and reducing China’s grip on the global shipping industry. His government the next day watered…
BEIJING (Reuters) – Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country. “We hope to continue to cooperate with China,” Huang said in a meeting with Ren Hongbin, head of the…
By Abhirup Roy, Aditi Shah, Hyunjoo Jin SAN FRANCISCO/NEW DELHI/SEOUL (Reuters) -Tesla’s long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla has promised affordable vehicles beginning in the…
BEIJING (Reuters) -DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have lengthened clearance. The notice on the company website was not dated, but its metadata showed it was compiled on Saturday….
By Anastasiia Malenko and Christian Lowe KYIV (Reuters) -Kyiv said on Friday it aims to complete talks by the end of next week about a deal with Washington on jointly exploiting Ukrainian mineral resources, an agreement Ukrainian officials hope will go some way to firming up softening U.S. support for them in their war with…
By Parisa Hafezi DUBAI (Reuters) – Iran told the United States in talks last week it was ready to accept some limits on its uranium enrichment but needed watertight guarantees President Donald Trump would not again ditch a nuclear pact, a senior Iranian official said on Friday. Iran and the United States are set to…
By Douglas Gillison WASHINGTON (Reuters) – A member of billionaire Elon Musk’s Department of Government Efficiency allegedly screamed and demanded 36-hours of straight work to process Thursday’s mass firings at the U.S. Consumer Financial Protection Bureau, an agency employee said in a sworn statement on Friday. “DOGE member Gavin Kliger…kept the team up for 36…
By Chris Prentice NEW YORK (Reuters) – The U.S. National Archives has released thousands of pages of records related to the assassination of Senator Robert F. Kennedy, according to the agency’s website, following President Donald Trump’s order to publish previously classified information. The National Archives released over 10,000 pages of records in connection with the…
