By Manya Saini and Niket Nishant (Reuters) -Robinhood is rolling out event contracts to let U.S. users wager on the outcome of the Super Bowl clash, it said on Monday, seeking to tap into the betting mania around one of the most iconic sporting events in the country. The platform has been pushing to gain…
(Reuters) – Asset manager Vanguard said on Monday it was lowering the cost of investing across its fund lineup in its largest cut ever and estimated that this would translate into savings of more than $350 million for its investors this year. Valley Forge, Pennsylvania-based Vanguard slashed the expense ratio, or the cost of owning…
By Rajendra Jadhav MUMBAI (Reuters) – Global bullion banks are flying gold into the United States from trading hubs catering to Asian consumers, including Dubai and Hong Kong, to capitalize on the unusually high premium that U.S. gold futures are enjoying over spot prices. Traditionally, bullion banks transport gold eastward from the West to meet…
By Trevor Hunnicutt and Pete Schroeder WASHINGTON (Reuters) – U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok. “We’re going to stand this thing up within the next 12 months. We’re going to monetize the…
By Tim Reid WASHINGTON (Reuters) – Aides to Elon Musk charged with running the U.S. government human resources agency have locked career civil servants out of computer systems that contain the personal data of millions of federal employees, according to two agency officials. Since taking office 11 days ago, President Donald Trump has embarked on…
(Reuters) – Berkshire Hathaway said on Friday it has shed more than 4,000 jobs over the last year, even as the conglomerate run by Warren Buffett is on pace to post a record annual operating profit. In a regulatory filing, Berkshire said its dozens of operating businesses employ about 392,000 people, down from 396,440 shown…
By Jonathan Stempel (Reuters) – A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of Premium customers by disclosing their private messages to train generative artificial intelligence models has been dismissed. The plaintiff Alessandro De La Torre on Thursday filed a notice of dismissal without prejudice in the San Jose, California…
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Donald Trump is expected to announce new tariffs against Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters. The tariff situation remained fluid on…
By Jarrett Renshaw and Karen Freifeld WASHINGTON (Reuters) -U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China. Details about the meeting were not immediately available….
By Atharva Singh and Arasu Kannagi Basil (Reuters) -Infinity Natural Resources notched a valuation of $1.30 billion after shares of the oil and natural gas producer jumped nearly 11% in their New York Stock Exchange debut on Friday. The listing comes amid a steady stream of initial public offerings by energy companies against the backdrop…
