By David Shepardson WASHINGTON (Reuters) -Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government said Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized. “I think logically we should privatize anything that can reasonably be privatized,” Musk said at a Morgan Stanley conference….
By Thomas Escritt, Angelo Amante and David Latona BERLIN/ROME/MADRID (Reuters) – Donald Trump’s White House confrontation with Ukrainian President Volodymyr Zelenskiy is exposing differences within Europe’s burgeoning far-right movement over his plan to end the war between Russia and Ukraine. They celebrated the U.S. president’s return to power for taking a fringe movement mainstream and…
(Reuters) -Apple on Wednesday unveiled new MacBook Air models with latest M4 chip and artificial-intelligence features at a price $100 lower than the previous generation, as the company looks to spur sales and persuade customers to upgrade their devices. The base version of the new series of laptops with the 13-inch screen will be priced…
By Marie Mannes STOCKHOLM (Reuters) -Volvo Cars may move production of some of its models to the U.S. depending on tariffs, but aims to stick to a plan to export its European-made EX30 SUV model to the United States later this year, the company’s CEO said on Wednesday. Volvo Cars last year moved production of…
(Reuters) -Major stock indexes fell in volatile trade on Tuesday, with the Nasdaq Composite index at one point down 10% from its December record high, while Treasury yields also seesawed as the United States hit Canada, Mexico and China with steep tariffs. The tariff move by U.S. President Donald trump fueled investor worries about the…
By Greg Bensinger (Reuters) -Amazon.com has formed a new group focused on agentic artificial intelligence to help users and customers automate more of their lives, according to an internal email viewed by Reuters on Tuesday. The new group will be led by AWS executive Swami Sivasubramanian, the email, from AWS CEO Matt Garman, said. “Agentic…
By Joey Roulette WASHINGTON (Reuters) – SpaceX is planning to invest at least $1.8 billion to build new Starship launchpads and processing facilities on Florida’s Space Coast, eyeing a key expansion for the rocket program beyond Texas amid pending environmental reviews, according to the state’s governor. Elon Musk’s SpaceX has been looking to build new…
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) – Prime Minister Justin Trudeau told U.S. President Donald Trump on Tuesday that his tariffs on Canadian imports were “a very dumb thing to do” and said Ottawa was striking back immediately at its closest ally. Trudeau, who is stepping down at the end of the week,…
By David Shepardson WASHINGTON (Reuters) -Democratic Senator Richard Blumenthal on Monday asked U.S. Secretary of State Marco Rubio to answer questions about a reported plan to spend $400 million to purchase armored versions of Tesla Cybertrucks to transport diplomats. Blumenthal said the State Department has publicly stated the contract was planned during the Biden administration…
By Anirban Sen and Milana Vinn NEW YORK (Reuters) -Carlyle Group expects to take more of its portfolio companies public this year and will not shy away from large leveraged buyouts, betting on a rebound in U.S. dealmaking this year, its heads of private equity told Reuters. The Washington-based firm is expecting to sell $4…
