By Nora Eckert DETROIT (Reuters) – About half the middle managers at Ford Motor will not get stock bonuses this year in what is seen internally as CEO Jim Farley’s latest attempt to cut the automaker’s bloated costs, according to six people familiar with the matter. The stock awards are usually paid in March, but senior…
By Pete Schroeder, Nathan Layne and Joey Roulette WASHINGTON – President Donald Trump’s administration targeted bank regulators, rocket scientists and tax enforcers on Tuesday as it sought to fire thousands more federal employees in an unprecedented assault on the U.S. civil service. With tax-filing season underway, senior officials at the Internal Revenue Service identified 7,500…
By Steven Scheer TEL AVIV (Reuters) – Israel’s economy posted scant growth in 2024, with the war in Gaza against Palestinian Islamist group Hamas taking a toll on investment and exports, but growth is expected to bounce back this year following ceasefire deals. Gross Domestic Product grew 1% last year to $565 billion, sustained mainly…
MOSCOW (Reuters) – OPEC+ producers are not considering delaying a series of monthly oil supply increases that is scheduled to begin in April, Russian Deputy Prime Minister Alexander Novak said on Monday, Russia’s RIA state news agency reported. Bloomberg News reported on Monday, citing delegates, that OPEC+, which groups the Organization of the Petroleum Exporting…
By Marc Jones LONDON (Reuters) – Donald Trump has so far sent comparatively fewer market-moving social media posts since being re-elected than during his first term in power, a study by U.S. investment bank JPMorgan has estimated. The bank’s analysts found that only 10% of the 126 posts Trump had published this time around on…
By Michael Martina, Yimou Lee and Ben Blanchard WASHINGTON/TAIPEI (Reuters) – Taiwan is exploring buying arms worth billions of dollars from the United States, sources briefed on the matter said, hoping to win support from the new Trump administration as China continues to apply military pressure on the island. Three sources familiar with the situation,…
(Reuters) -Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter. Shares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia’s GB200 semiconductors to…
By Carolina Mandl NEW YORK (Reuters) – Hedge fund giant Bridgewater Associates added shares of Tesla to its portfolio in the fourth quarter, while it trimmed exposure to the rest of the “Magnificent Seven” group of U.S. tech and growth stocks, a regulatory filing showed. The firm founded by investor Ray Dalio ended December with…
(Reuters) – U.S. President Donald Trump on Friday said he wouldn’t mind if Japan’s Nippon Steel took a minority stake in U.S. Steel. Speaking to reporters at the White House, Trump said the company – whose $14.9 billion bid for U.S. Steel was rejected by the President Joe Biden’s administration – is now considering an…
(Reuters) -Elon Musk’s xAI is discussing to raise $10 billion that could value the artificial intelligence startup at about $75 billion, Bloomberg News reported on Friday, citing a person familiar with the matter. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are in talks to participate in the transaction, the report said….
