By Tom Hals WILMINGTON, Delaware (Reuters) -Elon Musk’s social media platform X sued Minnesota on Wednesday over a state law…
Lam Research beats quarterly revenue estimates on surging AI chip demand
By Priyanka G (Reuters) -Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by…
Dollar allocations moving from overweight to more natural weighting, ECB’s Lane says
WASHINGTON (Reuters) -The recent shifts in asset portfolio allocations away from the dollar may represent a move from overweighting dollar…
Boeing tackles US-China trade threat, shares rise on smaller-than-expected loss
By Allison Lampert, Shivansh Tiwary and David Shepardson (Reuters) -Boeing’s CEO pledged on Wednesday to protect the U.S. planemaker’s recovery…
Trump’s cabinet ready to take back power with Musk stepping back, sources say
By Nandita Bose and Alexandra Alper WASHINGTON (Reuters) -Members of President Donald Trump’s cabinet will likely move to limit the…
Musk’s Neuralink could fetch $8.5 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5…
Discover Financial profit jumps on lower loss provision and higher interest income
(Reuters) -U.S. credit card issuer Discover Financial reported a 30% rise in first-quarter profit on Wednesday, helped by a drop…
Taiwan cabinet to ask parliament to unfreeze $4 billion amid budget standoff
TAIPEI (Reuters) -Taiwan’s cabinet said on Tuesday it will ask the opposition controlled legislature to release more than $4 billion…
Emerging economies face test from tighter funding as growth slows, says IMF
By Karin Strohecker and Rodrigo Campos WASHINGTON (Reuters) -The International Monetary Fund on Tuesday cut its 2025 growth outlook for…
How Trump moved swiftly to punish perceived foes in his first 100 days
By Joseph Ax (Reuters) -Hours after swearing an oath to defend the U.S. Constitution on January 20, President Donald Trump…