By Lucia Mutikani WASHINGTON (Reuters) -U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a strong dollar and suggesting that inflation pressures could subside in the months ahead. Import prices edged up 0.1% last month after a downwardly revised 0.1%…
(Reuters) – Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX. Musk is Tesla’s largest shareholder with about a 13% stake in the company. The EV…
By Ted Hesson WASHINGTON – President-elect Donald Trump will use the U.S. military to the fullest extent of the law to support his mass deportation effort, he told TIME magazine in an interview published on Thursday, committing to his plan to utilize troops to try to remove record numbers of immigrants in the U.S. illegally….
WASHINGTON (Reuters) – The United States is continuing to look for creative ways to reduce Russia’s oil revenue and lower global demand for oil creates an opportunity for more sanctions, Treasury Secretary Janet Yellen said on Wednesday. The United States has been constantly tightening sanctions on Russia over the Ukraine war and Russia has invested…
By Kenrick Cai SAN FRANCISCO – Alphabet’s Google on Wednesday released the second generation of its artificial intelligence model Gemini and teased a slate of new ways to use AI beyond chatbots, including through a pair of eyeglasses. CEO Sundar Pichai in a blog post dubbed the moment as the start of a “new agentic…
By Nora Buli OSLO (Reuters) – Young people must take up the fight for a nuclear-free world, with such weapons many times more powerful than in the past, a representative for this year’s Nobel Peace Prize laureate, atomic bomb survivors’ group Nihon Hidankyo, said on Tuesday. Nihon Hidankyo, a grassroots movement of survivors of the…
AMSTERDAM (Reuters) – STMicroelectronics, one of Europe’s biggest computer chip companies, has launched a new series of microcontrollers, its first for so called edge AI and machine learning. The French-Italian company said on Tuesday that it expects the STM32N6 series to find applications in consumer and industrial electronics to perform image and audio processing that…
By Lananh Nguyen, Nupur Anand and Saeed Azhar NEW YORK (Reuters) – Goldman Sachs CEO David Solomon said on Tuesday that dealmaking in both equities, and mergers and acquisitions, could potentially exceed 10-year averages next year. “I think in 2025 we will certainly be at 10-year averages. We might even be ahead of 10-year average,”…
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a “high-teens” percentage, Chief Financial Officer Mark Mason said on Tuesday. Mason also said he expects the bank to be on the high end…
(Reuters) – Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato’s Blinkit and SoftBank-backed Swiggy’s Instamart promising deliveries of goods from groceries to electronics…
