By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) -Recent grand jury subpoenas for records related to the U.S. intelligence community’s work on Russian interference in the 2016 election, a topic that President Donald Trump has long demanded prosecutions on, are likely to yield little to no new information for prosecutors, according to three sources…
By Adrian Portugal and Eloisa Lopez ISABELA, Philippines (Reuters) -The Philippines evacuated over 100,000 residents across its eastern and northern regions as Fung-wong intensified on Sunday into a super typhoon ahead of its expected arrival later in the day, threatening to unleash torrential rains, destructive winds, and storm surges. Storm alert signals have been hoisted…
By Helen Reid LONDON (Reuters) -Sweden’s Inter IKEA, which supplies furniture to IKEA stores around the world, said on Friday its annual operating profit dropped 26% as the impacts of U.S. tariffs drove up costs. The IKEA brand owner said operating profit for the financial year ended August 31 was 1.7 billion euros ($1.98 billion),…
By Sabrina Valle and Tom Hals (Reuters) -Pfizer plans to sweeten its bid for Metsera, a person familiar with the matter told Reuters, after a judge denied its request to block rival drugmaker Novo Nordisk’s $10 billion offer for the biotech company. Pfizer is racing against the clock to salvage its takeover of Metsera, after…
By Jonathan Stempel (Reuters) -A federal judge on Friday said 36 drugmakers and executives must face nearly all claims in an antitrust lawsuit brought by most U.S. states, accusing them of conspiring to fix prices of 80 generic drugs. Chief Judge Michael Shea of the federal district court in Connecticut rejected claims that 45 states,…
By Jonathan Stempel (Reuters) -Berkshire Hathaway signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. For a 12th straight quarter, Buffett’s conglomerate sold more stocks than it bought for its…
By Stephen Nellis, Akash Sriram and Kenrick Cai WASHINGTON (Reuters) -Apple Chief Executive Tim Cook on Thursday gave forecasts for holiday quarter iPhone sales and overall revenue that surpass Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints. The constraints, as well as…
10 AI Stocks to Lead the Next Decade Today’s Breaking News ⏳ When others make $1, you could make $10 [sponsor] AI boom drives trillion-dollar tech valuations and record bets on chipmakers Nvidia’s shares jumped nearly 11% over the past month, adding about $500 billion in market value as it became the first company to reach…
By Trevor Hunnicutt and Eduardo Baptista ABOARD AIR FORCE ONE/GYEONGJU (Reuters) -U.S. President Donald Trump may have teased that he could discuss Nvidia’s state-of-the-art artificial intelligence Blackwell chips with Chinese President Xi Jinping, but in the end, he said the topic did not come up. After Thursday’s meeting in South Korea, Trump told reporters aboard…
By Anmol Choubey (Reuters) -Gold’s winning streak is seen extending into next year, with analysts forecasting an annual average price above $4,000 per ounce for the first time as economic and geopolitical turmoil keep the metal’s safe-haven allure intact, a Reuters poll showed. The poll of 39 analysts and traders returned a median forecast of…
