(Reuters) – Global physically-backed gold exchange-traded funds (ETFs) saw inflows for the sixth straight month in October, with year-to-date flows turning positive for the first time this year, the World Gold Council (WGC) said on Thursday. Demand was supported by North American and Asian flows, the WGC added. As geopolitical tensions rise and market uncertainties…
By Vladimir Soldatkin and Guy Faulconbridge SOCHI, Russia (Reuters) -Russian President Vladimir Putin on Thursday congratulated Donald Trump on winning the U.S. election, praised him for showing courage when a gunman tried to assassinate him, and said Moscow was ready for dialogue with the Republican president-elect. In his first public remarks since Trump’s win, Putin…
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…
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…
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…
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…
(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…
(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…
(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…
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,…
