(Reuters) – Dish Network Chairman Charlie Ergen is considering merging the two halves of his telecom empire, Dish and EchoStar, news publication Semafor reported on Thursday, citing people familiar with the matter. The companies have engaged advisors, according to the report, which did not offer details on the timeline for a deal or the size….
By Martin Coulter (Reuters) -Meta Platforms plans to launch a Twitter-rivalling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on how many posts users can read on the social media site. Threads is expected to be released on Thursday and will allow users to retain followers…
By Medha Singh (Reuters) -Retail traders raised their exposure to U.S. stocks in June encouraged by healthy returns, with their focus shifting to electric-vehicle firms from artificial intelligence stocks earlier in the year. They poured in $1.4 billion per day on average in U.S. equities in the month, closing in the all-time record of $1.5…
(Reuters) – Automaker Stellantis N.V. and Canada-based miner NioCorp Developments Ltd on Thursday signed an offtake term sheet with the objective of establishing a supply deal for rare earth minerals critical to electrical vehicles. The preliminary agreement establishes a 10-year offtake contract for minerals like neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide that NioCorp aims…
By David Shepardson WASHINGTON (Reuters) -General Motors said on Wednesday it could face compliance challenges under the Environmental Protection Agency’s proposed vehicle emissions rules and other state and federal regulations, as it cited requirements on electric vehicles. The largest U.S. automaker said in comments submitted to the EPA that there are six state and federal…
By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed faster than the headline measures that have kept U.S. central bank officials poised for further interest rate increases. In a research series that is now due for monthly release, the New York Fed’s so-called “multivariate…
LONDON (Reuters) – Meta, the company behind social media giants Facebook and Instagram, has launched its new microblogging platform Threads. WHAT IS THREADS? The new app bears a striking resemblance to Twitter, allowing users to post text, images, or videos, as well as like, share, or repost content. Threads accounts are synched to Instagram at…
By Chinekwu Osakwe (Reuters) – U.S. law firm Paul Hastings said Thursday that it has hired two partners from rival Goodwin Procter as practice leaders in New York and Washington, D.C. Seo Salimi is departing Goodwin after more than eight years to co-lead Paul Hastings’ equity capital markets and corporate life sciences practices in New York….
WASHINGTON (Reuters) – The Pentagon holds a strategic U.S. stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson said on Thursday, after China announced export restrictions on the two metals used in semiconductors. “The (Defense) Department is proactively taking steps using Defense Production Act Title III authorities to increase domestic mining…
ISTANBUL/WASHINGTON (Reuters) – U.S. President Joe Biden and Turkey’s President Tayyip Erdogan may meet during next week’s NATO summit in Lithuania, sources briefed on the planning said. A brief Biden-Erdogan meeting is possible at the summit and is being worked on now, one person familiar with the matter said. A “pull aside” meeting between the…
