By Jayla Whitfield-Anderson (Reuters) -Victor Fettes, 54, is going ahead with his long-planned retirement next Friday. But the recent decline in the stock market and uncertainty over how U.S. President Donald Trump’s policies will hit the economy have him rethinking how he’ll spend it. “I’ll say I’m nervous,” says Fettes, a senior director of risk…
By Jonathan Stempel (Reuters) – Google agreed to pay $28 million to settle a class action lawsuit claiming that it favored white and Asian employees by paying them more and putting them on higher career tracks than other workers. The accord with Google, a unit of Alphabet, won preliminary approval last week from Judge Charles…
By Kalea Hall and Abhirup Roy (Reuters) – General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday. Traditional automakers have struggled to commercialize autonomous technology that has been more challenging and expensive than expected…
(Reuters) -Event contracts have exploded in popularity since the U.S. presidential election, fueling a heated debate between traders who have embraced the nascent asset class and critics who liken it to gambling. Several market players such as retail-favorite Robinhood and Interactive Brokers have rolled out event contracts in recent months, looking to cash in on…
By Pratima Desai LONDON (Reuters) – U.S. firms are buying cobalt metal produced in Indonesia by China’s Lygend Resources that does not incur the tariffs placed by the Trump administration on imports direct from China, three sources with direct knowledge of the matter said. U.S. President Donald Trump has imposed extra import tariffs on Chinese…
(Reuters) – Alphabet’s Google on Monday expanded its partnership with Reddit amid concerns that the social media platform’s user growth relies heavily on traffic from Google Search. Redburn Atlantic analyst James Cordwell initiated coverage on Reddit’s stock with a “sell” rating, saying the company’s growth in daily active users (DAUs) — a key metric in…
By Laila Kearney HOUSTON (Reuters) – Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week. Energy use for U.S. data centers,…
By David Shepardson WASHINGTON (Reuters) – U.S. planemaker Boeing lost its way and trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said in a Fox News broadcast on Friday. Duffy also said the Federal…
By Michael Martina WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio on Friday announced sanctions against officials from Thailand, a U.S. ally, for their role in deporting at least 40 Uyghurs to China, where Washington says the members of the Muslim group will face persecution. The U.S. is “committed to combating China’s efforts to pressure…
By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk’s DOGE government reform team to provide assistance to the money-losing agency as it works to address “big problems.” USPS, an independent government agency with 635,000 employees that lost $9.5 billion last year, has been exempt from…
