By Carolina Mandl NEW YORK (Reuters) – Nvidia Corp’s debut in the club of U.S. companies valued at $1 trillion on Tuesday may have given a boost to a number of portfolio managers who bought in to the stock, according to data revealed in first-quarter hedge fund filings, such as Australia listed boutique investment firm…
By Allison Lampert and Clark Mindock (Reuters) – Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint filed on Tuesday in California federal court. The complaint, filed on behalf of a California resident who bought Delta tickets to engage in “more ecologically…
LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Tuesday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the $31.4 trillion debt ceiling. Trading picked up on Tuesday after much of Europe and the United States were closed on Monday for holidays. In mid-morning…
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the “risk of extinction from AI”, which they urged policymakers to equate at par with risks posed by pandemics and nuclear war. “Mitigating the risk of extinction from…
By Daphne Psaledakis WASHINGTON (Reuters) – The U.S. on Tuesday imposed sanctions on 17 people and entities based in China and Mexico who it accused of enabling counterfeit, fentanyl-laced pill production, as the Biden administration seeks to stem imports of the deadly drug. The U.S. Treasury Department in a statement said it slapped sanctions on…
By Philip Blenkinsop, Humeyra Pamuk and Simon Lewis LULEA, Sweden/WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Tuesday urged Turkey to immediately finalize Sweden’s accession to NATO, saying the Nordic country had already taken significant steps to address Ankara’s objections to its membership. Blinken also rejected the suggestion that the Biden administration was linking…
By Davide Barbuscia NEW YORK (Reuters) – News of a debt ceiling agreement still leaves uncertainties on the U.S. credit outlook, analysts said, in addition to the immediate risk that Congress may not pass the proposed deal before the country runs out of cash. Democratic President Joe Biden and the top Republican in Congress, House…
By Ted Hesson WASHINGTON (Reuters) – Donald Trump said on Tuesday that if elected president again in 2024 he would seek to end automatic citizenship for children born in the United States to immigrants in the country illegally, a plan that contradicts how a 19th century amendment to the U.S. Constitution long has been interpreted….
By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) – Jensen Huang, the chief of chipmaker Nvidia Corp, has joined an elite list of tech executives to head a company worth $1 trillion. Even more unusual is that Huang, 60, is only the second U.S. CEO after Amazon.com Inc’s Jeff Bezos, who helmed the retailer…
By Bart Meijer AMSTERDAM (Reuters) – The Netherlands is set for a major overhaul of its 1.45 trillion euro ($1.6 trillion) private pension industry, Europe’s largest, that will see funds ditch the promise of guaranteed benefits as they try to keep a lid on costs. Following years of debate, the Dutch Senate on Tuesday gave…
