(Reuters) -Goldman Sachs CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster. “If we continue on the current course, and we don’t take the growth level up… there will be a reckoning,” Solomon told the Economic Club of Washington. …
(Reuters) -Top technology companies hit fresh valuation milestones in October, as their shares climbed on expectations of robust demand for AI chips and computing infrastructure driven by the artificial intelligence boom. 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 AIR FORCE ONE/GYEONGJU, South Korea (Reuters) -U.S. President Donald Trump said on Wednesday he will speak to Chinese President Xi Jinping about Nvidia’s state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday. Sales of the U.S. firm’s high-end AI chips to China, which accounted for 13% of…
(Reuters) -U.S. refiner Valero Energy surpassed Wall Street expectations for third-quarter profit on Thursday, helped by a rebound in refining margins. Shares of the company, which kicked off the earnings season for U.S. refiners, rose 1.5% to $164.40 in premarket trading. Refining margins have rebounded from multi-year lows in 2024 after two years of bumper…
By Tom Hals DOVER, Delaware (Reuters) -Elon Musk’s $56 billion pay package from Tesla should have been restored by a vote of the company’s shareholders last year, a Tesla attorney argued to the Delaware Supreme Court on Wednesday. One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded…
By Jody Godoy (Reuters) -A U.S. lawsuit where Alphabet’s Google was ordered on Tuesday to share search data with competitors is just one of the major efforts by U.S. antitrust enforcers to challenge Big Tech companies over their dominance. Here are the statuses of the U.S. antitrust cases or probes against some of the world’s…
BERLIN (Reuters) -Germany’s VDMA machinery and equipment manufacturers lobby on Friday called the EU’s planned tariff exemption for certain products from the United States “a direct slap in the face” and said the EU Commission needed to “urgently renegotiate”. The European Commission proposed on Thursday removing duties on imported U.S. industrial goods in return for…
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) -Japan’s Nippon Steel plans to increase profit at U.S. Steel through an $11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior executive said. Nippon Steel’s $14.9-billion acquisition of U.S. Steel closed…
By Olivia Le Poidevin GENEVA (Reuters) -More food aid is reaching Gaza but it still remains far from enough to prevent widespread starvation, the head of the World Food Programme (WFP) told Reuters on Thursday. “We’re getting a little bit more food in. We’re moving in the right direction … but it’s not nearly enough…
(Reuters) -Apple will distribute its curated radio stations on a global network of devices, including speakers, headphones and cars, through a partnership with TuneIn, the digital radio platform said on Wednesday. The Cupertino, California-based technology giant’s six radio stations will be available outside its app for the first time on TuneIn to its 75 million…
