By Sabrina Valle NEW YORK (Reuters) -Private equity firms are holding about $1 trillion in unsold assets, PricewaterhouseCoopers (PwC) said on Wednesday — capital that, in a typical market environment, would have been returned to investors. High interest rates in the United States, President Donald Trump’s on-again, off-again approach to tariff policy, and geopolitical uncertainties…
(Reuters) -Texas Instruments said it would spend more than $60 billion to expand its U.S. manufacturing footprint, the latest chipmaker to ramp up domestic production amid pressure from the Trump administration to reshore the semiconductor supply chain. The funds will be used to build or expand seven chip-making facilities in Texas as well as Utah,…
(Reuters) -VinFast said on Wednesday its first dealership in San Diego, California, is set to begin operations this month, as the Vietnamese electric-vehicle maker doubles down on the dealer model in a bid to boost sales. Backed by Vietnam’s largest conglomerate, Vingroup, VinFast has faced challenges including softer demand, stiff competition and the fallout of…
(Reuters) -The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalization of stablecoins hit an all-time high…
By Matt Tracy, Echo Wang and Davide Barbuscia NEW YORK (Reuters) -Elon Musk’s xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter. The $5 billion debt sale, which includes a floating-rate term loan, a fixed-rate loan…
By Jonathan Landay WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday repudiated Director of National Intelligence Tulsi Gabbard’s assessment that Iran has not been building a nuclear weapon, publicly contradicting his spy chief for the first time during his second term. In rejecting his top spy’s judgment, Trump appeared to embrace Israeli Prime Minister Benjamin…
By Richard Cowan WASHINGTON (Reuters) -U.S. senators on Tuesday demanded tighter security in the wake of last weekend’s assassination of a Minnesota state legislator and threats against members of Congress, in what one lawmaker called a “spreading virus” of political violence. Law enforcement officials responsible for securing the U.S. Capitol complex and its 535 members…
WASHINGTON (Reuters) -The U.S. State Department has established a Middle East task force to help coordinate support for U.S. citizens, diplomatic missions and personnel amid the conflict between Israel and Iran, State Department spokesperson Tammy Bruce said on Tuesday. Bruce, speaking to reporters at a regular news briefing, said the task force was intended to…
(Reuters) -Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday. The self-driving technology firm had received approval from California last month to expand operations, just as Tesla prepares…
By Jonathan Saul LONDON (Reuters) -War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday. The cost of a seven-day voyage to Israeli ports was quoted between 0.7% and 1.0%…
