By Sabrina Valle NEW YORK (Reuters) -Two major rail operators have taken themselves out of the merger game that has gripped the industry for the past month, reshaping the competitive landscape and raising the regulatory stakes for Union Pacific’s proposed $85 billion tie-up with Norfolk Southern . Canadian Pacific Kansas City joined Warren Buffett’s BNSF…
(Reuters) -Spotify Technology will start rolling out a messaging feature to both free and premium subscription tiers as the music streaming giant seeks to attract more users and fend off competition. The messaging feature will allow users to chat and share music with people they have interacted with on Spotify, the Swedish firm said on…
New Amazon Crisis Could Tank U.S. Stock Market Today’s Breaking News ⏳ The next big tech revolution [sponsor] Trump administration plans to cancel approval of Maryland offshore wind project In the filing, attorneys from the Department of Justice asked the court to stay a lawsuit challenging the Interior Department’s approval of the Maryland Offshore Wind Project….
By Idrees Ali and Emily Schmall WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday that the U.S. military might deploy to Chicago and is ready to go anywhere on short notice to crack down on crime. Citing a purported wave of lawlessness, Trump seized control this month of the police force in Washington, D.C.,…
By Shubham Batra NEW DELHI (Reuters) -India will start sourcing price data directly from e-commerce giants including Amazon and Walmart-owned Flipkart to overhaul its benchmark inflation gauge, aiming to capture shifting consumption habits and address concerns that current data is outdated, the head of the statistics ministry said. The move could make India’s retail inflation…
By Nivedita Balu TORONTO (Reuters) -Canada’s big banks are expected to have lowered loan-loss provisions in the third quarter from the prior quarter as U.S. tariffs have likely hurt their loan portfolios less than feared. Canada’s big six banks are expected to set aside a total of C$5.22 billion in loan-loss provisions for the third…
(Reuters) -The administration of U.S. President Donald Trump intends to withdraw federal approval for US Wind’s offshore wind farm off the coast of Maryland, according to a filing in the U.S. District Court in Delaware on Friday. In the filing, attorneys from the Department of Justice asked the court to stay a lawsuit challenging the…
By Tatiana Bautzer, Saeed Azhar and Isla Binnie NEW YORK (Reuters) -Wall Street banks have hired dozens of senior executives in recent months, as improved economic sentiment has spurred mergers and IPOs after a lull earlier in the year due to concerns over the effect of U.S. tariffs. The surge in job-hopping, which typically occurs…
SHANGHAI (Reuters) -China proposed rules for internet platform pricing on Saturday, seeking public comment after a raft of complaints by merchants and consumers of unfair or misleading pricing by big platforms. The draft rules for platforms selling goods or services are meant to encourage price transparency and fairness, the National Development and Reform Commission said…
Dear Reader, Every trading day, my firm and I use tech inspired by the CIA and Mossad… to scan through the U.S. stock market for strange signs. And we noticed something odd recently. We noticed Warren Buffett has been on a buying spree of one specific U.S. stock. Even as he’s been selling off…
