Gold Beats Stocks, Bonds & Bitcoin in 2025 The Inevitable Stock Market Wipeout [sponsor] Today’s Breaking News Analysis-Behind Trump defense of Saudi crown prince, a deeper US shift on human rights WASHINGTON (Reuters) -When President Donald Trump defended Saudi Arabia’s crown prince this week over the 2018 killing of U.S.-based journalist Jamal Khashoggi, he did more…
By Anastasiia Kozlova, Johann M Cherian and Tharuniyaa . (Reuters) -European shares closed higher on Thursday after AI bellwether Nvidia’s results quelled concerns around an AI bubble, but pared earlier gains as uncertainty over the U.S. monetary policy path weighed on investor sentiment. The pan-European STOXX 600 ended up 0.4% at 563.94 points. Other major…
By Anuja Bharat Mistry (Reuters) -Kroger will close three automated delivery fulfillment facilities and record an impairment charge of about $2.6 billion in its third quarter, as the U.S. grocer expands its third-party delivery partnerships. The company said on Tuesday it would shutter the centers it operates with British online supermarket and technology group Ocado…
By Wen-Yee Lee TAIPEI (Reuters) -U.S.-based cloud services provider GMI Cloud said on Monday it will build a $500 million artificial intelligence data centre in Taiwan with the support of U.S. chipmaker Nvidia. The data centre will come online by March 2026 and will run on Nvidia’s new Blackwell GB300 chips. The facility will house…
By Matt Spetalnick, Patricia Zengerle and Simon Lewis WASHINGTON (Reuters) -When President Donald Trump defended Saudi Arabia’s crown prince this week over the 2018 killing of U.S.-based journalist Jamal Khashoggi, he did more than just stir renewed accusations from critics of an affinity toward strongmen. Trump’s remarks, which contradicted U.S. intelligence findings, threw into stark…
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…
