(Reuters) -A dangerous heat wave that helped spawn deadly tornadoes in Texas and Florida threatened on Friday to bring more extreme weather to the U.S. South, prompting the National Weather Service to warn Americans to limit time outdoors over the long Juneteenth weekend. At least four people were killed in twisters that touched down on…
By Simon Lewis WASHINGTON (Reuters) – There has been no sign of improvement in the political situation in Myanmar since the 2021 coup, Singapore Foreign Minister Vivian Balakrishnan said following a meeting in Washington with U.S. Secretary of State Antony Blinken, who said he shared his counterpart’s pessimism. Singapore is a member of the Association…
By Jonathan Stempel NEW YORK (Reuters) -Jamie Dimon, the chief executive of JPMorgan Chase, will not have to sit for a second deposition in the U.S. Virgin Islands’ lawsuit over the bank’s work for Jeffrey Epstein, the late financier and sex offender. U.S. District Judge Jed Rakoff in Manhattan on Friday denied “in its entirety”…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Fear of missing out on the recent stock market rally is driving traders in the U.S. equity options market to lap up bullish derivative contracts at a hectic pace, further fueling gains for stocks, analysts said on Friday. The S&P 500 Index has risen nearly 8% over…
HONG KONG (Reuters) -Chinese President Xi Jinping discussed the global rise of artificial intelligence with Bill Gates on Friday and said he welcomed U.S. firms including Microsoft bringing their AI tech to China, two sources familiar with the talks said. Xi also discussed Microsoft’s business development in China during their meeting in Beijing, one of…
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Intel plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity, it said on Friday. The U.S. chipmaker last year announced plans to build…
PARIS (Reuters) -Tesla is close to achieving fully autonomous vehicles, CEO Elon Musk said during a visit to Paris on Friday, adding autonomy was the “main driver” of the brand’s market value. The company’s shares rose by as much as 3% to their highest level in more than eight months. The world’s most valuable automaker,…
By Ana Mano SAO PAULO (Reuters) – The Brazilian unit of U.S. grains merchant Cargill has asked a bankruptcy court to halt the auction of two plants owned by soy crusher Imcopa, scheduled for June 27, in the latest twist of a running legal saga involving rival Bunge. In court documents seen by Reuters, Cargill…
By Blake Brittain (Reuters) -Appliance maker Whirlpool on Thursday agreed to drop a U.S. lawsuit against its former Italian executive Davide Cabri that accused him of stealing trade secrets for a move to its competitor Haier. Whirlpool and Cabri told a Delaware federal court they would dismiss the case with prejudice, which means it cannot…
(Reuters) – Around 664,000 homes and businesses along the U.S. Gulf Coast from Texas to Florida were without power on Friday after severe storms battered the region overnight, according to data from power outage tracker and local utilities. Texas had the most outages with about 212,300 out now, down from around 236,000 earlier in the…
