(Reuters) -Elon Musk’s xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter. The transaction would value the company at more than $120 billion, the report said, citing one…

(Reuters) -Elon Musk’s Department of Government Efficiency has ordered the cancellation of around $400 million in grants doled out by AmeriCorps, the federal government’s national service and volunteering agency, the Washington Post reported on Friday, citing three sources with knowledge of the matter. The canceled grants amount to 41% of the agency’s annual budget for…

(Reuters) -President Donald Trump’s administration aims to cut billions of dollars from programs that support child care, health research, education and housing in its fiscal 2026 budget proposal, the New York Times reported on Friday. The plan would also hit community development and housing assistance and is being finalized by the White House’s Office of…

By Portia Crowe and Divya Rajagopal DAKAR (Reuters) -At least four subcontractors employing several hundred people at Barrick Gold’s complex in Mali are laying off staff following a two-year dispute between the Canadian miner and the state, according to documents seen by Reuters and people familiar with the matter. Some of the subcontractors said they…

By Daniel Wiessner (Reuters) -A federal judge on Friday temporarily blocked the administration of President Donald Trump from stripping hundreds of thousands of federal employees of the ability to unionize and collectively bargain over working conditions. Senior U.S. District Judge Paul Friedman in Washington, D.C., blocked a March executive order by Trump from being implemented…

By Pete Schroeder and Michael S. Derby WASHINGTON (Reuters) -Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday. The bi-annual Fed survey of financial risks was the first since President…

By Jessica DiNapoli, Juveria Tabassum NEW YORK (Reuters) -Procter & Gamble is betting consumers will shell out for $380 electric toothbrushes, spruced-up Pampers diapers and pocket-sized Always pads, which command higher prices, to offset new costs from the Trump administration’s erratic tariff policy. Without the ability to easily move sourcing out of China, P&G is…

By Richa Naidu, Hyunjoo Jin and Jessica DiNapoli LONDON/SEOUL/NEW YORK (Reuters) -Businesses across multiple industries are hiking prices, backing away from previous financial guidance and warning of growing uncertainty as U.S. President Donald Trump’s trade war pushes up costs, upends supply chains and stirs concerns about the global economy. Earnings releases on Thursday showed that…

(Reuters) – JPMorgan Chase has promoted 227 employees in its commercial and investment bank (CIB) division to the coveted role of managing director, according to a memo seen by Reuters on Thursday. Among the newly appointed MDs, 184 are part of CIB’s core businesses, including global banking, markets, payments and securities services. The managing director…

By Douglas Gillison and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has lost 16% of its workforce since this time last year, two sources briefed on the matter said, leaving Wall Street’s top regulator with gaps across key divisions at a time of market turmoil. Most of those staff members left…