By Lisa Baertlein LOS ANGELES (Reuters) – President Donald Trump’s plan to revitalize the U.S. shipping industry could heap massive costs on ocean transport operators and spawn a new round of supply chain chaos around the world, executives told Reuters. Trump’s administration aims to pay for an American shipbuilding comeback with help from potentially hefty…
(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis Chamber said on Friday, as the startup looks to expand its AI infrastructure amid intensifying competition in the industry. The new investment builds on the company’s earlier announcement in December, in which it laid out…
By Mike Stone WASHINGTON (Reuters) – The U.S. Department of Defense is shifting how it buys software eyeing greater access to commercial and non-traditional software providers as the Pentagon hopes to rapidly modernize its weapons and business systems. In a memo dated March 6, Secretary of Defense Pete Hegseth directed the Department of Defense (DoD)…
By Andy Sullivan WASHINGTON -Large swaths of the U.S. government would be forced to stop operating at midnight on March 14 if Congress does not pass detailed spending legislation that would keep agencies running. WHY WOULD THE GOVERNMENT SHUT DOWN? Congress is supposed to allocate funding to 438 government agencies before October 1, the start…
(Reuters) -Reddit on Thursday launched tools aimed at helping people adhere to community rules and better understand content performance, its latest step to boost engagement on the platform. The announcement follows a recent slowdown in quarterly user growth due to a change in Google’s algorithm that impacted traffic from the search engine. The traffic from…
(Reuters) – Global ratings agency S&P Global said on Thursday it has downgraded Stellantis to “BBB” from “BBB+”, citing weak margin prospects. S&P said it expects the price cuts implemented in North America and Europe late last year coupled with affordability concerns from buyers to limit the automaker’s volume growth and margin expansion in those…
By Vladimir Soldatkin and Dmitry Antonov MOSCOW (Reuters) – Russia will seek a peace deal in Ukraine that safeguards its own long-term security and will not retreat from the gains it has made in the conflict, President Vladimir Putin said on Thursday in comments to relatives of soldiers killed there. Putin also took an indirect…
By Toby Sterling AMSTERDAM (Reuters) – AxeleraAI, one of Europe’s few companies making computer chips for artificial intelligence, has been awarded a grant of up to 61.6 million euros ($66 million) to develop a chip for use in data centres, as part of EU efforts to boost the sector. Europe is trying to address an…
(Reuters) – Elon Musk’s satellite company SpaceX said Wednesday its Starlink unit has no intent to take over any Federal Communications Commission telecommunications contract, rejecting media reports. “Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to ‘take over’ any existing contract,” SpaceX wrote on X….
By David Shepardson WASHINGTON (Reuters) -Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government said Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized. “I think logically we should privatize anything that can reasonably be privatized,” Musk said at a Morgan Stanley conference….
