(Reuters) -OpenAI CEO Sam Altman is stepping down as the chairman of nuclear startup Oklo, CNBC reported on Tuesday, sending its shares down 13% after the bell. Oklo, which provides emission-free and affordable energy solutions, did not immediately respond to a Reuters request for comment. Oklo went public in the U.S. in May last year…
(Reuters) – The U.S. Supreme Court has acted in a series of cases involving challenges to executive orders signed by President Donald Trump and actions by his administration since he returned to office in January. The cases have involved deportations, Trump’s move to restrict automatic birthright citizenship, firings of federal workers and certain agency officials,…
(Reuters) – Accounting firms Baker Tilly and Moss Adams have agreed to merge in a $7 billion deal, making it one of the largest firms in an industry that is partly owned by private equity investors the Wall Street Journal reported on Monday. The combined firm will retain the Baker Tilly name and become the…
(Reuters) -China’s state-backed funds are pulling back from investing in the funds of U.S.-headquartered private capital firms amid an escalating trade war between the world’s two biggest economies, the Financial Times reported on Monday. Some of the Chinese funds are also seeking to be excluded from investments in U.S. companies made by private equity firms…
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a Morgan Stanley note to clients seen by Reuters. The bank said the Magnificent Seven stocks accounted for more than…
SHANGHAI ((Reuters)) – Two Chinese-made COMAC aircraft, branded as C909, started flying routes in Vietnam on Saturday, Commercial Aircraft Corporation of China (COMAC), the Chinese planemaker said. The planes were leased by China’s Chengdu Airlines to Vietnamese budget airline VietJet, and the route opening marks the start of COMAC’s commercial operation in Vietnam, according it…
BEIJING (Reuters) -DHL Express, a division of Germany’s Deutsche Post, said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21, as U.S. customs regulatory changes have lengthened clearance. The notice on the company website was not dated, but its metadata showed it was compiled on Saturday….
By Abhirup Roy, Aditi Shah, Hyunjoo Jin SAN FRANCISCO/NEW DELHI/SEOUL (Reuters) -Tesla’s long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters. Tesla has promised affordable vehicles beginning in the…
BEIJING (Reuters) – Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country. “We hope to continue to cooperate with China,” Huang said in a meeting with Ren Hongbin, head of the…
BEIJING (Reuters) – China’s foreign ministry dismissed as “groundless” on Friday an accusation by Ukrainian President Volodymyr Zelenskiy that the country had been supplying weapons to Russia. Despite maintaining close economic ties with Russia during Moscow’s three-year war in Ukraine, China has sought to project an image of neutrality and denies any involvement in the…
