By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) – Prime Minister Justin Trudeau told U.S. President Donald Trump on Tuesday that his tariffs on Canadian imports were “a very dumb thing to do” and said Ottawa was striking back immediately at its closest ally. Trudeau, who is stepping down at the end of the week,…
By David Shepardson WASHINGTON (Reuters) -Democratic Senator Richard Blumenthal on Monday asked U.S. Secretary of State Marco Rubio to answer questions about a reported plan to spend $400 million to purchase armored versions of Tesla Cybertrucks to transport diplomats. Blumenthal said the State Department has publicly stated the contract was planned during the Biden administration…
By Anirban Sen and Milana Vinn NEW YORK (Reuters) -Carlyle Group expects to take more of its portfolio companies public this year and will not shy away from large leveraged buyouts, betting on a rebound in U.S. dealmaking this year, its heads of private equity told Reuters. The Washington-based firm is expecting to sell $4…
By Kanchana Chakravarty and Aditya Soni (Reuters) – Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company’s artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles. The note dated Sunday was the latest from analyst Adam…
By Max A. Cherney and Fanny Potkin SAN FRANCISCO/SINGAPORE (Reuters) – Chip designers Nvidia and Broadcom are running manufacturing tests with Intel, two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company’s advanced production techniques. The two tests, which have not been reported previously, indicate the companies are moving closer…
By Nate Raymond (Reuters) – A federal judge dismissed on Friday a lawsuit by U.S. securities regulators accusing an online entrepreneur of raising more than $1 billion through unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to buy luxuries including the world’s largest black diamond. U.S. District Judge Carol Bagley Amon in Brooklyn…
(Reuters) -Chinese authorities are instructing the country’s top artificial intelligence entrepreneurs and researchers to avoid travel to the United States, the Wall Street Journal reported on Friday, citing people familiar with the matter. The authorities are concerned that Chinese AI experts traveling abroad could divulge confidential information about the nation’s progress, the newspaper said. Authorities…
BRUSSELS (Reuters) – NATO chief Mark Rutte said on Saturday he told Ukrainian President Volodymyr Zelenskiy that he needs to find a way to restore his relationship with U.S. President Donald Trump after their clash at a White House meeting on Friday. The confrontation flared over differing visions of how to end Russia’s three-year-old invasion,…
By Anirban Sen and Shankar Ramakrishnan NEW YORK (Reuters) – Family-owned candy giant Mars is preparing to sell bonds worth between $25 billion and $30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova, according to people familiar with the matter, in a deal that would headline a $40…
(Reuters) – Grubhub CEO Howard Migdal said on Friday that the food delivery firm has decided to cut about 500 jobs, as it focuses on aligning its business with Wonder after the takeover was completed last month. Grubhub was bought last year by a food delivery startup Wonder, led by Walmart’s former executive Marc Lore….
