HONG KONG (Reuters) -The United States is the biggest recipient of China’s lending activities globally, according to a study which tracked Beijing’s credit activities and found it is increasingly lending to higher-income countries over developing countries. The report, published on Tuesday by AidData, a research lab at U.S. university William & Mary, said China’s lending…
By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) -Recent grand jury subpoenas for records related to the U.S. intelligence community’s work on Russian interference in the 2016 election, a topic that President Donald Trump has long demanded prosecutions on, are likely to yield little to no new information for prosecutors, according to three sources…
By Trevor Hunnicutt and Eduardo Baptista ABOARD AIR FORCE ONE/GYEONGJU (Reuters) -U.S. President Donald Trump may have teased that he could discuss Nvidia’s state-of-the-art artificial intelligence Blackwell chips with Chinese President Xi Jinping, but in the end, he said the topic did not come up. After Thursday’s meeting in South Korea, Trump told reporters aboard…
By Anmol Choubey (Reuters) -Gold’s winning streak is seen extending into next year, with analysts forecasting an annual average price above $4,000 per ounce for the first time as economic and geopolitical turmoil keep the metal’s safe-haven allure intact, a Reuters poll showed. The poll of 39 analysts and traders returned a median forecast of…
(Reuters) -Goldman Sachs CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster. “If we continue on the current course, and we don’t take the growth level up… there will be a reckoning,” Solomon told the Economic Club of Washington. …
(Reuters) -Top technology companies hit fresh valuation milestones in October, as their shares climbed on expectations of robust demand for AI chips and computing infrastructure driven by the artificial intelligence boom. Nvidia’s shares jumped nearly 11% over the past month, adding about $500 billion in market value as it became the first company to reach…
(Reuters) -Kroger is laying off nearly 1000 corporate workers, Bloomberg News reported on Tuesday, citing a memo sent to staff by interim CEO Ron Sargent. The company, as of February, employed over 409,000 staff, with most of them working in stores. The grocer had said in June it would close about 60 underperforming stores over…
(Reuters) -The U.S. Transportation Department said on Tuesday it is cancelling $175 million for four projects that are part of California’s high-speed rail project, following cancellation of $4 billion in federal grants for the state’s ambitious but much-delayed high-speed rail project in July. The Trump administration said Tuesday it will withdraw funding for grade separation,…
(Reuters) -Meta’s planned AI data center in Louisiana will cost $50 billion, President Donald Trump said during a cabinet meeting on Tuesday. The social media company is building its largest data center in Richland Parish, which could handle intense computational power to support digital infrastructure, including artificial intelligence workloads. The Facebook and Instagram parent declined…
By Sabrina Valle NEW YORK (Reuters) -Two major rail operators have taken themselves out of the merger game that has gripped the industry for the past month, reshaping the competitive landscape and raising the regulatory stakes for Union Pacific’s proposed $85 billion tie-up with Norfolk Southern . Canadian Pacific Kansas City joined Warren Buffett’s BNSF…
