By Helen Coster NEW YORK (Reuters) -Time magazine named U.S. President-elect Donald Trump its “Person of the Year” on Thursday, citing his deep impact on American politics and the country’s role in the world. “For marshaling a comeback of historic proportions, for driving a once-in-a-generation political realignment, for reshaping the American presidency and altering America’s…
(Reuters) – Stifel expects the S&P 500 index to peak in the first half of 2025, then fall 10% to 15% in the second half of the year, the brokerage said on Thursday citing concerns about slower economic growth and sticky inflation. The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next…
(Reuters) -Nvidia has added about 200 people in China this year to enhance its research capabilities and focus on new autonomous driving technologies, Bloomberg News reported on Wednesday. Over the past couple of years, it has expanded in the country to now have close to 600 people in Beijing, and it recently opened a new…
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said “anything can happen” when asked about the chances of going to war with Iran during his next term in an interview with Time, coinciding with his being named the magazine’s Person of the Year. “Anything can happen. Anything can happen. It’s a very volatile situation,” Trump said,…
(Reuters) – Apple plans to bring satellite connections to its smartwatch in 2025 and is ramping up work on a blood-pressure feature for the device, Bloomberg News reported on Tuesday. The satellite feature is expected to come to next year’s version of the iPhone maker’s Apple Watch Ultra, the report said, citing people familiar with…
(Refiles to remove extraneous words in paragraph 2) (Reuters) – Videogame retailer GameStop reported a fall in third-quarter revenue on Tuesday, hit by a continued slump in spending at its brick-and-mortar stores as consumers shift to online platforms. The company’s third-quarter revenue fell 20% to $860 million, compared with $1.08 billion a year ago. GameStop…
(Reuters) – Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing. Google on Monday introduced a new chip called Willow, which solved in five minutes a computing problem that would take a classical computer more…
WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into the U.S. “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.” The statement, posted on his social media platform Truth Social, did not offer further details. Trump’s…
By Tim Reid and Jason Lange WASHINGTON (Reuters) – Elon Musk spent over a quarter of a billion dollars to help Donald Trump win November’s presidential election, according to new filings, underscoring the influence one of the world’s wealthiest people had on this year’s White House race. The billionaire owner of electric car maker Tesla…
HOUSTON (Reuters) – A U.S. National Labor Relations Board administrative law judge has ruled Exxon Mobil’s 10-month-long lockout of some 600 union workers at a Texas oil refinery during a contract dispute was legal. The judge sided with Exxon in his decision on Nov. 21, finding the 2021 and 2022 lockout was to pressure the…
