N.Korean troops engaged in combat in Kursk for first time, US officials say
WASHINGTON (Reuters) -North Korean troops were engaged in combat in Russia’s Kursk in recent days…
N.Korean troops engaged in combat in Kursk for first time, US officials say
WASHINGTON (Reuters) -North Korean troops were engaged in combat in Russia’s Kursk in recent days for the first time, two U.S. officials told Reuters on Wednesday. One of the officials, speaking on the condition of anonymity, said they took part in combat on November 4. The officials did not say whether there were any North…
Under Trump, a unified Congress could push through tax and spending cuts
By David Morgan WASHINGTON (Reuters) – Donald Trump’s Republicans looked set on Wednesday to possibly win control of both chambers of Congress, giving them sweeping powers for the first time in eight years to ram through a broad agenda of tax and spending cuts, energy deregulation and border security controls. But it would also force…
Trump could bolster US Supreme Court’s conservative majority
By John Kruzel WASHINGTON (Reuters) – President-elect Donald Trump, who moved the U.S. Supreme Court dramatically rightward in his first term, may get a chance to rejuvenate its 6-3 conservative majority by replacing some or all of its three most senior conservatives with younger jurists – and perhaps even expand it if a liberal justice…
Tesla investors lose bid for new US trial over Musk’s 2018 tweets
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday upheld a jury’s verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had “funding secured” to take the electric car company private. The San Francisco-based 9th…
Cummins posts quarterly profit beat on strong demand for power products from data centers
(Reuters) – Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market trading. Rising demand from the technology industry’s energy-hungry AI data centers has bolstered the results of power solution providers in recent…
Moderna CEO Bancel steps down as sales chief, Bloomberg News reports
(Reuters) -Vaccine maker Moderna’s chief executive officer Stephane Bancel will vacate his role as the company’s chief commercial officer, Bloomberg News reported on Tuesday citing one person familiar with the matter. The company’s president Stephen Hoge will take charge of sales as well as medical and research affairs, according to the report. Bancel will remain…
Super Micro says cannot predict timing of annual filing; shares down
(Reuters) -Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company. Shares of the San Jose, California-based server maker fell about 10% in extended trading. The company said…
US green power demand expected to grow regardless of election outcome
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the wind energy sector Vestas and Orsted said on Tuesday. Offshore wind developers have seen profits shrink in recent years due to rising raw material costs,…
Facebook, Nvidia ask US Supreme Court to spare them from securities fraud suits
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies to account. After a trio of Supreme Court rulings…
Elon Musk lawyer says $1 million voter giveaway winners are not random
By Jack Queen PHILADELPHIA (Reuters) -Elon Musk’s pro-Trump group does not choose the winners of its $1 million-a-day giveaway to registered voters at random, but instead picks people who would be good spokespeople for its agenda, a lawyer for the billionaire said on Monday. Musk lawyer Chris Gober was trying to persuade a Pennsylvania judge…
