By Arsheeya Bajwa and Siddarth S (Reuters) – Broadcom is predicting a massive expansion in demand for chips that power AI – and the market, for now, is buying it all the way. The company’s valuation hit $1 trillion on Friday as its shares surged 21% after CEO Hock Tan said AI could present a…
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…
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,…
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…
By Erin Banco and Phil Stewart NEW YORK/WASHINGTON (Reuters) – The U.S. decision to allow Ukraine to fire American weapons deeper into Russia has not increased the risk of a nuclear attack, which is unlikely, despite Russian President Vladimir Putin’s increasingly bellicose statements, five sources familiar with U.S. intelligence told Reuters. But Russia is likely…
WASHINGTON (Reuters) – Cuts in funding for the Internal Revenue Service, long eyed by Republicans in Congress, would increase the federal deficit by $140 billion over a decade, slow service and reduce complex audits of big companies, Deputy Treasury Secretary Wally Adeyemo said on Tuesday. Adeyemo told reporters that the IRS faced a $20 billion…
A look at the day ahead in U.S. and global markets from Mike Dolan There’s not too much to worry about at the world’s most valuable company – or the artificial intelligence theme – but just conceding that triple-digit growth can’t last forever has been enough to stall Nvidia’s share price and dampen global tech…
(Reuters) – Uber Technologies launched “XXL” rides with extra trunk space on Wednesday, betting on increased demand stemming from Thanksgiving holiday travelers, as the ride-hailing company seeks to overcome a slowdown in its mainstay app-based taxi business. The Uber XXL service, catered toward airport travel, is available in more than 60 airports globally, including 40…
