The Cheap Investor

Columbia University promises to address Trump administration’s concerns after $400 million in funding pulled

By Bo Erickson and Jonathan Allen WASHINGTON (Reuters) – Columbia University’s interim president said the school is working to address the “legitimate concerns” of U.S. President Donald Trump’s administration after $400 million of federal government grants and contracts to the university were canceled over allegations of antisemitism on campus.  In an announcement on Friday, the government…

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Pope Francis, starting fourth week in hospital, showing improvement, Vatican says

By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis is showing a “good response” to his treatment in hospital for double pneumonia and his overall condition is gradually improving, the Vatican said on Saturday. Francis, 88, has been in Rome’s Gemelli hospital for more than three weeks with a severe respiratory infection that has required continuously…

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US House Republicans unveil six-month stopgap bill to avert shutdown

By Bo Erickson WASHINGTON (Reuters) -Republicans in control of the U.S. House of Representatives unveiled their six-month stopgap government funding bill on Saturday to avoid a potential government shutdown on March 14. The proposal would fund the government through September, the end of the 2025 fiscal year, and mostly maintain levels of spending passed during…

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Starlink has no plans to take over any FAA telecom contract

(Reuters) – Elon Musk’s satellite company SpaceX said Wednesday its Starlink unit has no intent to take over any Federal Communications Commission telecommunications contract, rejecting media reports. “Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to ‘take over’ any existing contract,” SpaceX wrote on X….

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Elon Musk says Post Office, Amtrak should be privatized

By David Shepardson WASHINGTON (Reuters) -Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government said Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized. “I think logically we should privatize anything that can reasonably be privatized,” Musk said at a Morgan Stanley conference….

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US authorities begin releasing some seized cryptocurrency miners, industry executives say

By AJ Vicens and Raphael Satter DETROIT (Reuters) – U.S. authorities have in recent weeks begun releasing seized Chinese-made equipment used for cryptocurrency mining, two industry executives told Reuters. Cryptocurrency miners – basically souped-up computers with advanced chips – compete with one another to solve mathematical puzzles, a process which helps build the blockchains underpinning…

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US autos, homebuilders, materials take hits as Trump trade war kicks off

By Medha Singh and Kanchana Chakravarty (Reuters) -Shares of U.S. companies have come under pressure from the latest escalation in Washington’s trade war, with the newest tariffs on Canada and Mexico expected to hit earnings in several sectors, including automakers, retailers and raw materials. President Donald Trump imposed 25% tariffs on imports from Mexico and…

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Amazon’s cloud business to invest $8.2 billion in Indian state in coming years

(Reuters) -Amazon’s cloud services provider, Amazon Web Services, will invest about $8.2 billion in India’s western state of Maharashtra over the next few years, the information technology ministry said on Monday. India has been stepping up its efforts to pilot local cloud data storage. According to a report by International Data Corporation, the country’s cloud…

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JD Vance denies disrespecting UK and France over Ukraine peacekeeping force

LONDON/PARIS (Reuters) – U.S. Vice President JD Vance denied on Tuesday disrespecting Britain and France by describing a planned peacekeeping force in Ukraine as 20,000 troops from some “random country that has not fought a war in 30 or 40 years”. Vance’s comments about the planned British- and French-led European peacekeeping force caused politicians and…

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