By Leah Douglas WASHINGTON (Reuters) -The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald Trump’s effort to shrink the size and cost of the…
By Ernest Scheyder (Reuters) -The U.S. Department of Defense plans to continue investing in critical minerals projects to ensure a diverse American supply of the building blocks for weapons and many electronics, a defense official told Reuters on Tuesday. The Pentagon signed a multibillion-dollar deal last week to become the largest shareholder in rare earths…
PITTSBURGH, Pennsylvania (Reuters) -U.S. President Donald Trump on Tuesday lauded a new trade deal signed with Indonesia and said the United States would be fighting China “in a very friendly fashion.” Trump told an energy summit at Carnegie Mellon University that other trade deals could be reached, including potentially with India. Trump has launched a…
By Jaspreet Singh and Aditya Soni (Reuters) -Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers. The social media giant is among the large…
By Patturaja Murugaboopathy (Reuters) -As bitcoin hit a record high on Monday, evidence from institutional flows and derivatives suggested its rally might be more stable and lasting than previous speculative runs. Bitcoin crossed $120,000 for the first time on optimism over upcoming U.S. House discussions on digital asset regulation, extending its gains this year to…
By Nate Raymond and Daniel Wiessner (Reuters) -A coalition of mostly Democratic-led states filed a lawsuit on Monday challenging a move by U.S. President Donald Trump’s administration to withhold about $6.8 billion in congressionally approved federal funding for K-12 schools. Attorneys general or governors from 24 states and the District of Columbia sued in federal…
(Reuters) -The Trump administration’s tariffs are likely to boost U.S. manufacturing jobs and real income in a majority of states, but lower employment and income adjusted for inflation in the country as a whole, new research from the San Francisco Federal Reserve showed on Monday. Assuming a 25% increase in U.S. tariffs on imports from…
By Mike Stone WASHINGTON (Reuters) -The Senate Armed Services Committee has approved $500 million in security assistance for Ukraine as part of its draft language for its Fiscal Year 2026 National Defense Authorization Act, which also restricts A-10 aircraft retirements. The National Defense Authorization Act (NDAA) is an annual policy bill that authorizes funding levels…
BEIJING (Reuters) -Chinese artificial intelligence startup Moonshot AI released a new open-source AI model on Friday, joining a wave of similar releases from local rivals, as it seeks to reclaim its position in the competitive domestic market. The model, called Kimi K2, features enhanced coding capabilities and excels at general agent tasks and tool integration,…
By Tom Wilson, Lawrence Delevingne and David Gauthier-Villars (Reuters) -Of all the riddles wrapped in the digital wallets sending funds to President Donald Trump’s World Liberty Financial crypto business, a little-known entity last month became the biggest. A venture calling itself Aqua 1 Foundation and saying it is based in the United Arab Emirates announced…
