By Michael S. Derby and Ann Saphir NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Monday that monetary policy is “well positioned” for what the economy might do this year, as he acknowledged there are risks that inflation could once again heat up. “Monetary policy is moderately restrictive,” Williams said…
WASHINGTON (Reuters) – President Donald Trump on Monday planned to sign an executive order aimed at protecting fans from “exploitative ticket scalping” and reforming the U.S. live entertainment ticketing industry, according to a White House fact sheet seen by Reuters. The order directs Treasury Secretary Scott Bessent and U.S. Attorney General Pam Bondi to ensure…
By Krystal Hu and Jaspreet Singh (Reuters) – OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday. SoftBank can pare back the size of…
(Reuters) – A U.S. appeals court on Friday ruled that Elon Musk and members of the cost-focused Department of Government Efficiency that he spearheads can make further cuts to the U.S. Agency for International Development while they appeal a lower court order that had barred them from doing so. A three-judge panel of the Virginia-based…
WASHINGTON (Reuters) -Billionaire Elon Musk, who serves as a top adviser to President Donald Trump, will visit the Central Intelligence Agency on Monday to discuss government efficiency with director John Ratcliffe, a spokesperson said on Friday. The CIA has fired a slew of recent hires amid the Trump administration’s massive federal workforce reductions, which are…
By Lewis Jackson and Jenny Su BEIJING (Reuters) -Chinese state media attacked Hong Kong conglomerate CK Hutchison’s plan to sell its ports near the Panama Canal to a BlackRock-led group in a social media post on Saturday that was taken down minutes later. The social media account linked to state broadcaster CCTV said China had…
(Reuters) -The U.S. Food and Drug Administration’s top vaccine official, Peter Marks, has been pushed out, the Wall Street Journal reported on Friday. Marks, who played a key role in U.S. President Donald Trump’s first term in developing COVID-19 vaccines, was given the choice by a Health and Human Services official to resign or be…
TURIN, Italy (Reuters) -Stellantis will buy credits from a “pool” led by Tesla also in 2025, to meet European Union’s CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group’s Europe head said on Saturday. Carmakers facing tougher EU emissions rules this year agreed to pool their emissions and avoid hefty fines…
(Reuters) – Social media platform X on Friday recovered after a short outage that impacted thousands of users in the U.S., according to outage tracking website Downdetector.com. The disruptions eased around 3:10 p.m. ET, according to Downdetector, which tracks outages by collating status reports from various sources. There were more than 53,000 incidents of people…
By Dawn Chmielewski, Katie Paul and Kane Wu (Reuters) – Private equity firm Blackstone is evaluating taking a small minority investment in TikTok’s U.S. operations, according to two people familiar with the matter. Blackstone is discussing joining ByteDance’s existing non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in a bid for TikTok’s U.S….
