(Reuters) – Elon Musk’s government efficiency panel said in a Wall Street Journal opinion story on Wednesday that they will apply recent Supreme Court rulings that can be used to take power away from federal agencies to reduce rules the panel finds unnecessary, costly and inefficient. Musk, the billionaire CEO of Tesla and SpaceX, and…
By David Shepardson and Rachael Levy WASHINGTON (Reuters) – President-elect Donald Trump’s incoming administration plans to target federal regulations championed by President Joe Biden that aim to make automobiles more fuel-efficient and incentivize a shift toward electric vehicles, according to two sources in contact with Trump’s transition team. The move appears aimed at satisfying a…
BRUSSELS (Reuters) – EU antitrust regulators will make a decision on U.S. chipmaker Nvidia’s proposed acquisition of Israeli AI startup Run:ai by Dec. 20, according to a European Commission filing. The EU antitrust watchdog warned last month that the deal threatens competition in the markets where the companies operate and ordered Nvidia to seek its…
(Reuters) – Qualcomm expects $8 billion in automotive chip revenue and $4 billion in PC chip sales by fiscal 2029, it said at an investor event held in New York on Tuesday. San Diego, California-based Qualcomm is the world’s top supplier of mobile phone chips that connect handsets to mobile data networks. It makes money…
WASHINGTON (Reuters) – Dell Technologies and Iron Bow Technologies have agreed to pay more than $2 million each to resolve allegations by the U.S. government they overcharged the Army on a computing contract, the Justice Department said on Tuesday. Dell has agreed to pay $2.3 million and Iron Bow has agreed to pay $2.05 million to…
NEW YORK (Reuters) – Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm’s equity strategist Michael Wilson and other strategists wrote in a note on Monday. The benchmark index was last at 5,893. According to the note, the firm expects the recent broadening in U.S. earnings…
By Lewis Krauskopf NEW YORK (Reuters) – Nvidia Corp’s results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled. A nearly 800% run in shares of Nvidia over the past two years,…
By Sinéad Carew (Reuters) – Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects eligibility to join the Nasdaq 100 index. The data analytics software company said it would switch its stock listing…
By Blake Brittain Major League Baseball’s players union settled a lawsuit that accused sports betting giant FanDuel of using the names and likenesses of hundreds of MLB players on its betting platform without permission. A FanDuel spokesperson said on Friday that the company and the union signed a confidential licensing agreement. The players said in…
By Seher Dareen (Reuters) -Uranium prices gained on Friday after Russia imposed temporary restrictions on the export of enriched uranium to the United States. The move by Russia, the world’s largest supplier of enriched uranium, was a symbolic tit-for-tat move after the U.S. banned Russian uranium imports, adding that companies authorized by the export control…
