WASHINGTON (Reuters) – A group representing General Motors Toyota, Volkswagen and other major automakers warned new 25% tariffs President Donald Trump plans to impose next week on imported vehicles will hurt U.S. consumers. “Additional tariffs will increase costs on American consumers, lower the total number of vehicles sold inside the U.S. and reduce U.S. auto…
(Reuters) – U.S. President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, a White House official said on Friday. CNBC was the first to report earlier in the day that on Thursday, Trump granted pardons to Benjamin Delo, Arthur Hayes and Samuel Reed, who had pled guilty to money-laundering charges. The pardons…
WASHINGTON (Reuters) – The Trump administration invited companies to email the Environmental Protection Agency to seek presidential exemptions from nine clean-air regulations, including mercury limits for power plants and limits on hazardous air pollutants in plastic production by March 31, the latest use of rarely used measure aimed at lifting burdens for business. The EPA…
By Echo Wang (Reuters) -CoreWeave plans to reduce the size of its U.S. initial public offering and price its shares below the indicated range, a person familiar with the matter told Reuters on Thursday, dampening expectations that the listing would boost investor appetite for IPOs. The Nvidia-backed cloud services provider is now looking to sell…
LONDON (Reuters) – E-commerce platform TikTok Shop said it will launch to users in France, Germany, and Italy on Monday, expanding its reach further into Europe even as TikTok faces being shut down in the U.S. if Chinese owner ByteDance does not find an American buyer. The shopping arm of social media app TikTok has…
(Reuters) -Reddit was down for thousands of users in the U.S. on Thursday, as X’s services appeared to stabilize, according to outage tracking website Downdetector.com. There were more than 26,000 incidents of people reporting issues with Reddit as of 3:36 p.m. ET, Downdetector showed, which tracks outages by collating status reports from a number of…
(Reuters) -Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday. The tech giant’s withdrawal from new capacity leasing was largely led by the decision not…
(Reuters) – OpenAI is not expecting its cash flow to turn positive until 2029, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The San Francisco-based artificial intelligence bellwether is grappling with significant costs from chips, data centers and talent needed to develop cutting-edge AI systems, according to the report. By 2029,…
By Jaspreet Singh (Reuters) – Elon Musk-owned social media platform X is poised for the company’s first year of advertising revenue growth since its acquisition by the billionaire in 2022, data from research firm Emarketer showed on Wednesday. Brands are returning to X at a time when Musk’s influence has grown in the Trump administration,…
WASHINGTON (Reuters) -The U.S. Space Force said on Wednesday it has cleared Boeing and Lockheed Martin’s Vulcan rocket to launch national security satellites for the United States. SpaceX was the first company to handle such missions. “Vulcan certification adds launch capacity, resiliency, and flexibility needed by our nation’s most critical space-based systems,” said Brigadier General…
