(Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it was forming a new cryptocurrency task force to develop a comprehensive and clear regulatory framework for crypto assets. President Donald Trump, a crypto entrepreneur, has pledged his new administration will work to promote the industry’s interests, unlike the prior administration which had clashed…
By Steve Holland (Reuters) -President Donald Trump is due to announce private sector investment of up to $500 billion of artificial intelligence infrastructure on Tuesday, two sources told Reuters. OpenAI, SoftBank and Oracle plan a joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion into Stargate over the…
By Andrew Mills and Ahmed Mohamed Hassan DOHA/CAIRO (Reuters) – Sunday’s delayed start to the Gaza ceasefire and incidents on Monday in which Israeli troops shot at Palestinians approaching them underline some of the hiccups likely to face a deal that will play out in the shadow of mutual mistrust and bitterness. Qatar and Egypt,…
By Nell Mackenzie LONDON (Reuters) -The dollar fell broadly on Monday, while European stocks jumped, after an official for the incoming U.S. administration said President-elect Donald Trump would stop short of imposing tariffs at his inauguration, which takes place later in the day. European equity markets were firmly in positive territory in afternoon trading after…
By Chen Aizhu SINGAPORE (Reuters) – China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins. Volumes from Russia – including pipeline and seaborne…
By Kenneth Li and Katie Paul (Reuters) -President-elect Donald Trump is expected to grant TikTok more time to strike a deal after he returns to power on Monday as China has signaled it would be open to a deal to keep TikTok in the U.S. market. The short video service used by 170 million Americans…
By Michelle Conlin NEW YORK (Reuters) -One night in late October, Whitney Patterson spotted a YouTube video about people buying shares in Trump Media & Technology Group, the U.S. president-elect’s social media and streaming company. Patterson had never heard of Trump Media and had never invested in a stock on her own. But that night,…
By Ernest Scheyder (Reuters) – The U.S. Department of Energy has finalized a $996 million loan for ioneer’s Rhyolite Ridge lithium project, according to documents reviewed by Reuters, an increase of $296 million from a preliminary funding offer and a move aimed at boosting President Joe Biden’s green energy legacy. Shares of ioneer jumped 15%…
(Reuters) -The U.S. government has awarded Moderna $590 million to advance the development of its bird flu vaccine, as the country doubles down on efforts to tackle increasing infections in humans. This is in addition to $176 million awarded last year to complete late-stage development and testing of a pre-pandemic mRNA-based vaccine against the H5N1…
By Harshita Mary Varghese (Reuters) – Netflix’s big bet on sports events is expected to have driven more than 9 million subscriber additions in the holiday quarter, lifted by the success of the “Jake Paul vs. Mike Tyson” boxing match and the debut of popular National Football League games. The streaming pioneer, set to report…
