By Sabrina Valle and Mrinalika Roy HOUSTON (Reuters) – Chevron has agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil’s massive Guyana discoveries, the latest in a series of blockbuster U.S. oil combinations. The Chevron deal announced on Monday and a…
By Stephen Nellis and Max A. Cherney (Reuters) -Nvidia dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers. Nvidia has quietly begun designing central processing units (CPUs) that would run Microsoft’s Windows operating system and use technology from Arm Holdings, two people familiar with the…
By Hannah Lang and Kanjyik Ghosh (Reuters) – Bitcoin soared 10% to 1-1/2 year highs on Monday, and crypto-linked stocks followed it higher as speculation about the possibility of a bitcoin exchange-traded fund drove enthusiasm about the sector and prompted short-sellers to quit positions. The world’s biggest cryptocurrency was last at $32,833 after trading as…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Monday, tracking a retreat in U.S. Treasury yields from the 5% level hit earlier in the session, and as traders awaited fresh U.S. economic data due later this week. The yield on the benchmark 10-year U.S. Treasury note…
BEIJING (Reuters) – China’s top spy agency said on Sunday a Chinese citizen who worked for a defense institute had been accused of spying for the United States and his case had been transferred to a court in the southwestern city of Chengdu for trial. The case is the latest to underscore Beijing’s heightened commitment…
By Jennifer Rigby (Reuters) – Researchers in the United States have shown for the first time they can safely and effectively infect human volunteers with Zika virus, a step towards learning more about the disease and developing vaccines and treatments. The study – known as a “controlled human infection model” – has previously been controversial…
WASHINGTON (Reuters) -Palestinian Islamist group Hamas’ Oct. 7 attack on Israel that killed about 1,400 people aimed to disrupt a potential normalization of ties between Israel and Saudi Arabia sought by Riyadh, U.S. President Joe Biden said on Friday. Biden suggested Saudi wanted to recognize Israel in the comments he made at a campaign fundraiser….
By David Lawder WASHINGTON (Reuters) -The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose. The Treasury Department said the deficit was the largest since a…
By Kanishka Singh WASHINGTON (Reuters) – A U.S. Senate panel’s Republican lawmakers sent a letter on Friday to tech companies Meta Platforms, Google, TikTok and X, formerly called Twitter, seeking information on their content moderation policies in the Israel-Hamas war, the senators said. The Republican lawmakers of the U.S. Senate Commerce Committee said they asked…
By Shariq Khan BENGALURU (Reuters) -Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis could de-escalate without engulfing the rest of the Middle East region and disrupting oil supplies. Brent crude futures fell 22 cents, or 0.2%, to settle at $92.16…
