By Matt Tracy and Saeed Azhar WASHINGTON/NEW YORK (Reuters) – Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter. The deal is likely to be closed, and any new…

By Blake Brittain WASHINGTON (Reuters) -A federal judge on Thursday extended a pause on the Trump administration’s plan to put thousands of U.S. Agency for International Development workers on leave until next Friday while he considers a lawsuit by government employee unions. U.S. District Judge Carl Nichols in Washington said at a hearing that he…

(Reuters) -Indian Prime Minister Narendra Modi met Tesla CEO Elon Musk on Thursday in Washington where they discussed issues including space, mobility, technology and innovation, Modi said in a post on X. “Their discussion also touched on opportunities to deepen cooperation in emerging technologies, entrepreneurship and good governance, India’s foreign ministry separately said in a…

(Reuters) -Arm Holdings plans to launch its own chip this year after securing Meta Platforms as one of its first customers, in a major shift to the chip tech provider’s model of licensing its blueprints to other companies, the Financial Times reported on Thursday, sending its U.S.-listed shares up about 5%. This move would put…

(Reuters) – The U.S. Department of Education said on Wednesday it rescinded guidance issued by the administration of President Joe Biden that payments to college athletes through name, image and likeness deals should be shared equally between male and female competitors. According to the department’s Office for Civil Rights, the NIL guidance announced last month…

By Nate Raymond (Reuters) – Donald Trump and his supporters on Wednesday continued to ramp up their criticism of judges who they say have stymied the Republican U.S. president’s second-term agenda, with billionaire ally Elon Musk calling for “an immediate wave of judicial impeachments.” Those statements came a day after federal courts forced U.S. agencies…

By Ernest Scheyder and Sheila Dang HOUSTON (Reuters) -Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition. The No. 2 U.S. oil producer has faced production challenges…

By Anna Tong Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips.  Valor Equity Partners, known for backing Elon Musk’s companies, Atreides Management, Flume Ventures and Resilience Reserve were among the investors who participated in the round. Reno-based…

(Reuters) – Federal Reserve Chair Jerome Powell on Tuesday said he did not believe that Elon Musk or members of his Department of Government Efficiency team have tried to access the Fed’s secure payment systems. “Will you commit to report to this committee, majority and minority, immediately should you become aware of any such attempt…