By Niket Nishant and Manya Saini (Reuters) -Robinhood has cemented its foothold in the crypto trading market as its commission-free model attracts price-conscious customers, analysts said, strengthening its position as a rival to digital asset-focused exchanges such as Coinbase. Robinhood reported an eight-fold jump in transaction-based revenue from crypto trading for the fourth quarter. The…
By Matt Tracy and Saeed Azhar WASHINGTON/NEW YORK (Reuters) – Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter. The deal is likely to be closed, and any new…
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast said on Thursday it delivered about 97,000 cars last year, nearly three times as many as in 2023, but sales were almost exclusively in its domestic market. The company said it planned to at least double global sales this year, buoyed by a large…
(Reuters) -Reddit missed market estimates for daily active unique visitors in the fourth quarter on Wednesday, sending its shares down about 15% in extended trading. Reddit stock, which debuted in March 2024, gained nearly five-fold last year. The company forecast first-quarter revenue above Wall Street estimates on Wednesday, betting on its artificial intelligence content licensing…
By Nandita Bose and Kanishka Singh WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he did not think it was practical for Ukraine to join NATO and that it was unlikely Ukraine will get back all of its land. Trump discussed the war in Ukraine on Wednesday in phone calls with Russian President…
(Reuters) – Albemarle, the world’s largest producer of lithium, said on Wednesday it swung to a quarterly profit as cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries. The company posted a profit for the fourth quarter ended December 31 of $33.6 million, or 29 cents per share, compared…
(Reuters) – OpenAI will not release “o3” as a standalone artificial intelligence model, as the ChatGPT maker looks to simplify its products, CEO Sam Altman said on Wednesday. The Microsoft-backed startup will release a GPT-5 model as a comprehensive AI system that will incorporate o3 along with other technologies, he said in a post on…
AMSTERDAM (Reuters) -Greenpeace International has filed a lawsuit against U.S. pipeline company Energy Transfer in a Dutch court, the environmental group said on Tuesday, adding it was the first test of a new European law aimed at curbing lawsuits intended to silence rights activists. Energy Transfer has been pressing lawsuits in the United States against…
By Anna Tong Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips. Valor Equity Partners, known for backing Elon Musk’s companies, Atreides Management, Flume Ventures and Resilience Reserve were among the investors who participated in the round. Reno-based…
By Foo Yun Chee BRUSSELS (Reuters) – DeepSeek may face more actions from national regulators in the future, Europe’s privacy watchdog said on Tuesday, underscoring the bloc’s concerns about the rising popularity of the cheap Chinese artificial intelligence startup. National privacy regulators discussed DeepSeek at a monthly meeting on Tuesday, after Italy blocked the chatbot…
