(Reuters) -U.S. oil major Chevron said on Friday its Chairman and Chief Executive Officer Michael Wirth was paid $32.7 million in 2024, according to a filing with the Securities and Exchange Commission. The total compensation received by Wirth represents a 23.4% increase from the prior year. However, the median annual compensation for Chevron employees, in…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Late push lifts Nasdaq to first gain in 5 weeks Many of the world’s major central banks sent a strong message this week that the uncertainty caused by U.S. President Donald Trump’s trade wars is weighing on growth, stoking inflation, and dramatically reducing visibility on the…
By Hannah Lang (Reuters) – The U.S. Securities and Exchange Commission’s crypto task force held its first public meeting with experts on Friday, focusing on how securities laws might apply to digital assets as the Trump administration looks to overhaul cryptocurrency regulations. Among the participants of the roundtable were John Reed Stark, former chief of…
By Phil Stewart, Idrees Ali and Nandita Bose WASHINGTON (Reuters) -Billionaire Elon Musk held a meeting for more than an hour at the Pentagon on Friday morning as the close ally of President Donald Trump called for the prosecutions of any Pentagon officials leaking false information about his visit. Musk, who is making sweeping cuts…
By Nora Eckert and Kalea Hall DETROIT (Reuters) -Jeep-maker Stellantis is offering a new round of buyouts for some of its factory workers as the automaker looks to cut costs following a difficult 2024. The automaker on Friday confirmed that it is offering voluntary buyouts to some workers at facilities in Detroit, Ohio and Illinois….
(Reuters) -StubHub’s 2024 revenue surged 29.5%, the online ticketing marketplace reported on Friday in its paperwork for its New York initial public offering. A handful of companies are moving ahead with stock market listings despite volatility in recent weeks due to uncertainty around U.S. trade policy. Nvidia-backed startup CoreWeave and Swedish fintech Klarna are among…
By Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials. The scheme will not be expanded…
By Nell Mackenzie and Naomi Rovnick LONDON (Reuters) -Hedge funds have crowded into debt-fuelled bets on UK government bonds, increasing the potential for instability in the gilts market, a benchmark for borrowing costs in Britain including mortgages, investors and hedge fund sources say. Bank of England chief Andrew Bailey said in February that non-bank institutions…
By Shadia Nasralla (Reuters) – BP has agreed to sell a stake in a firm invested in the TANAP gas pipeline linking Azerbaijan and Turkey for $1 billion to Apollo Global Management, the two firms said on Friday. CEO Murray Auchincloss is spearheading a $20 billion disposal programme through 2027 as BP looks to cut…
PARIS (Reuters) – Pasqal, a fast-growing French quantum computer start-up company, announced on Friday a partnership with chip giant Nvidia whereby Pasqal’s customers would gain access to more tools to develop quantum applications. Pasqal said it would connect its quantum computing units and cloud platform onto NVIDIA’s open-source platform called CUDA-Q. “Our collaboration with NVIDIA…
