By Trevor Hunnicutt and Pete Schroeder WASHINGTON (Reuters) – U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok. “We’re going to stand this thing up within the next 12 months. We’re going to monetize the…
By Tim Reid WASHINGTON (Reuters) – Aides to Elon Musk charged with running the U.S. government human resources agency have locked career civil servants out of computer systems that contain the personal data of millions of federal employees, according to two agency officials. Since taking office 11 days ago, President Donald Trump has embarked on…
(Reuters) – Berkshire Hathaway said on Friday it has shed more than 4,000 jobs over the last year, even as the conglomerate run by Warren Buffett is on pace to post a record annual operating profit. In a regulatory filing, Berkshire said its dozens of operating businesses employ about 392,000 people, down from 396,440 shown…
By Jonathan Stempel (Reuters) – A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of Premium customers by disclosing their private messages to train generative artificial intelligence models has been dismissed. The plaintiff Alessandro De La Torre on Thursday filed a notice of dismissal without prejudice in the San Jose, California…
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Donald Trump is expected to announce new tariffs against Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters. The tariff situation remained fluid on…
By Jarrett Renshaw and Karen Freifeld WASHINGTON (Reuters) -U.S. President Donald Trump will meet with Nvidia chief executive Jensen Huang at the White House on Friday, a White House official said, following reports the Trump administration is studying new ways to restrict AI chip sales to China. Details about the meeting were not immediately available….
By Atharva Singh and Arasu Kannagi Basil (Reuters) -Infinity Natural Resources notched a valuation of $1.30 billion after shares of the oil and natural gas producer jumped nearly 11% in their New York Stock Exchange debut on Friday. The listing comes amid a steady stream of initial public offerings by energy companies against the backdrop…
By Jessica DiNapoli NEW YORK (Reuters) – Colgate Palmolive is looking at ways to reduce the impact of possible tariffs on its toothpastes, which the company manufactures in Mexico for the U.S. market, Chief Financial Officer Stan Sutula said on a call with Wall Street analysts on Friday. Sutula’s comments come one day before President…
(Reuters) – Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago. U.S. retail giant Walmart’s Canadian branch, which plans to expand its footprint, added it would be building…
By Zaheer Kachwala and Siddarth S (Reuters) -Tesla shares gained more than 2% on Thursday after CEO Elon Musk vowed to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The promises helped investors overlook a weak fourth quarter that saw margin shrink and revenue…
