By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased more than expected in November as households stepped up purchases of motor vehicles and online merchandise, consistent with strong underlying momentum in the economy as the year winds down. The report from the Commerce Department on Tuesday had no impact on expectations that the Federal Reserve…
By Harry Robertson LONDON (Reuters) – Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates, pushing investors to lock in the relatively high yields available…
(Reuters) – U.S. government agencies failed to meet government fleet electric vehicle purchase targets, a Government Accountability Office report released Tuesday said. The report said in the 2023 budget year, agencies bought mostly gas-powered vehicles and bought just 5,500 total EVs — 60% of 11 agencies’ combined targets of 9,500. President Joe Biden in December…
By Jeff Mason and Steve Holland PALM BEACH, Florida (Reuters) -President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday that SoftBank would invest $100 billion in the U.S. over the next four years in what would be a boost to the U.S. economy. Trump said in his joint appearance…
WASHINGTON (Reuters) – President-elect Donald Trump said on Monday that the U.S. military should tell the American public about the nature of the drone sightings that have plagued the East Coast over the last several weeks. “The government knows what is happening,” Trump said. “For some reason, they don’t want to comment. And I think…
By Jeffrey Dastin VANCOUVER (Reuters) – Former OpenAI chief scientist Ilya Sutskever, one of the biggest names in artificial intelligence, had a prediction to make on Friday: reasoning capabilities will make technology far less predictable. Accepting a “Test Of Time” award for his 2014 paper with Google’s Oriol Vinyals and Quoc Le, Sutskever said a…
By Joey Roulette ORLANDO (Reuters) – Boeing and Lockheed Martin’s joint rocket venture, United Launch Alliance (ULA), plans to upgrade a version of its Vulcan rocket to challenge SpaceX’s Starship in the low Earth orbit satellite launch market, the company’s CEO said. ULA wants to develop a Vulcan model tailored to the increasingly lucrative low…
By Ben Blanchard, Yimou Lee and Angie Teo TAIPEI (Reuters) – Beijing has unveiled a new tactic on Taiwan, the democratic island it claims as its own, officials and experts say: large-scale drills with no fanfare to normalise a heightened military presence and let the U.S. know that China can act whenever it wants. For…
By Kane Wu HONG KONG (Reuters) – Global private equity firms Blackstone and Bain Capital are among final bidders for Mitsubishi Tanabe Pharma, a unit of Japan’s Mitsubishi Chemical Group, in a deal that could value it at between $3 billion and $3.5 billion, three sources said. Mitsubishi Chemical has hired Goldman Sachs to run…
By Purvi Agarwal and Shashwat Chauhan (Reuters) – Wall Street’s main indexes rose on Friday with Nasdaq outperforming after an upbeat forecast from Broadcom kept alive the euphoria around artificial intelligence and lifted chip stocks. Broadcom forecast quarterly revenue above Wall Street estimates and predicted booming demand for its custom AI chips in the next…
