By Suzanne McGee (Reuters) – The BlackRock Investment Institute said on Monday that it is taking a modestly more bullish stance on U.S. stocks following the announcement of a 90-day pause in implementing most U.S. tariffs. The near-term risk of a “financial accident” has eased following the Trump administration’s decision to pause of hefty tariffs…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – An unidentified options trader’s multi-million dollar bet on a short-term rebound in Apple Inc.’s shares was set to reap a sizable profit as the iPhone-maker’s shares soared on Monday following the Trump administration’s weekend move to grant tariff exclusions for smartphones. On Monday, Apple shares rose as…
By Nate Raymond BOSTON (Reuters) – Harvard University professors are suing to block the Trump administration’s review of nearly $9 billion in federal contracts and grants awarded to the Ivy League school as part of a crackdown on what it says is antisemitism on college campuses. The Harvard faculty chapter of the American Association of…
LONDON (Reuters) – Britain said on Sunday it will expand financing support for exporters by 20 billion pounds ($26 billion), including those affected by U.S. tariffs, in an effort to give them stability and certainty in what it described as a new era of global trade. The tariffs, introduced by U.S. President Donald Trump, have…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – President Donald Trump’s administration wants to strike 90 trade deals in 90 days, but the challenges to quickly resolving the president’s trade war are already apparent. European Union trade chief Maros Sefcovic will on Monday be among the first foreign trade officials to come to Washington…
WASHINGTON (Reuters) – U.S. officials gained the release on Sunday of an American detained in Tunisia, Robert Vieira, U.S. special envoy Adam Boehler said. Vieira was detained 13 months ago while doing missionary work in Tunisia and was suspected by Tunisian authorities of espionage, Boehler told Reuters. He said Vieira was flying home to the…
By Anna Tong SAN FRANCISCO (Reuters) – A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk’s lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial intelligence firm. Corporate leaders want to give investors control, drawing a…
By Heekyong Yang, Hyunjoo Jin and Francesco Guarascio SEOUL/HANOI (Reuters) – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term investment to make the country its…
(Reuters) – The Trump administration is drafting an executive order to enable the stockpiling of deep-sea metals to counter China’s dominance in battery minerals and rare earth supply chains, the Financial Times reported on Saturday, citing people familiar with the matter. Under the plans, the stockpile would “create large quantities ready and available on U.S….
By Kenrick Cai and Krystal Hu SAN FRANCISCO (Reuters) – Alphabet and Nvidia have joined prominent venture capital investors to back Safe Superintelligence (SSI), a startup co-founded by OpenAI’s former chief scientist Ilya Sutskever that has quickly risen to become one of the most valuable artificial intelligence startups months after its launch, a source familiar with…
