WASHINGTON (Reuters) – The United States expects to announce additional aid to Ukraine next week, national security adviser Jake Sullivan said on Friday, while announcing President Joe Biden would host Ukrainian President Volodymyr Zelenskiy on Thursday at the White House. Zelenskiy is expected to meet with congressional leaders from both political parties while he is…
By Noel Randewich and Ankika Biswas (Reuters) – U.S. stocks ended sharply lower on Friday as chipmakers dropped on concerns about weak consumer demand, while rising Treasury yields pressured Amazon and other megacap growth companies. Chip equipment makers Applied Materials, Lam Research and KLA Corp all dropped more than 4%after Reuters reported TSMC had asked…
Gold experienced a significant 1% surge on Friday, thanks in part to a weaker dollar and a surge in safe-haven purchases. The catalyst for this uptick in demand? The United Auto Workers union initiated strikes at three major automakers in Detroit. Additionally, optimism regarding a possible halt in U.S. interest-rate hikes provided further reinforcement for…
By Dawn Chmielewski, Kanjyik Ghosh and Dimpal Gulwani (Reuters) -Media entrepreneur Byron Allen has made a $10 billion bid to buy Walt Disney’s ABC television network and assets including the FX and National Geographic cable channels, a spokesperson for Allen said on Friday. Disney has also held exploratory discussions about selling ABC to regional TV…
By Nichola Groom (Reuters) – President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders. The 2030 target, unveiled shortly after Biden took office, is central to Biden’s…
By Jaiveer Shekhawat (Reuters) -Shares of Neumora Therapeutics, which is backed by Amgen and Japan’s SoftBank, fell in their market debut on Friday, giving the company a market capitalization of $2.51 billion. The Watertown, Massachusetts-based company debuted at $16.50 per share on the Nasdaq, below the offer price of $17 apiece. The ongoing surge in…