WASHINGTON (Reuters) – India’s relationship with Russia gives it an ability to urge President Vladimir Putin to end its war with Ukraine, White House spokesperson Karine Jean-Pierre said on Tuesday. Jean-Pierre made the remarks after Indian Prime Minister Narendra Modi told Putin that the death of innocent children was painful and terrifying, a day after […]
NATO agency orders Stinger anti-aircraft missiles for $700 million, Stoltenberg says
WASHINGTON (Reuters) – NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million dollars in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday. “Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost 700 million dollars,” he told a […]
Nasdaq and S&P 500 hit records, fueled by Nvidia
By Noel Randewich and Lisa Pauline Mattackal (Reuters) -The S&P 500 and Nasdaq hit record highs on Tuesday, propelled by gains in Nvidia and other megacaps after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more “good” economic data would strengthen the case for rate cuts. AI heavyweight Nvidia climbed 1.4%, offsetting declines in […]
Musk’s xAI, Oracle end talks on $10 billion server deal, The Information reports
(Reuters) -Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday. The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia’s AI chips from the cloud provider, the report said, […]
Metro Bank says it is in talks on potential mortgage portfolio sale
(Reuters) – British lender Metro Bank said on Monday it was in talks about a potential disposal of residential mortgage loans worth billions of pounds. The size of the portfolio, which is yet to be finalised, could be closer to 4 billion pounds ($5.13 billion) than 3 billion pounds, Sky News said, which first reported […]
Exxon signals Q2 below market consensus, excluding Pioneer buy
By Sabrina Valle and Tanay Dhumal HOUSTON (Reuters) – Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter. A snapshot of operating factors affecting the quarter suggests earnings per share between $1.50 and $2.40, or about $8.3 billion, which […]
Possible Trump return looms over NATO’s Washington celebration
By Simon Lewis, Andrea Shalal and Andrew Gray WASHINGTON (Reuters) – Leaders of NATO member states arrive in Washington this week intent on deepening support for Ukraine but will find themselves facing another kind of challenge: how to navigate the possible return of former U.S. President Donald Trump. Host Joe Biden fumbled a June 27 […]
Exclusive-Bain Capital nears deal to buy Envestnet, sources say
By Milana Vinn (Reuters) -Private equity firm Bain Capital is nearing a deal to acquire Envestnet, a U.S. financial software vendor with a market value of about $3.5 billion, people familiar with the matter said on Monday. If the negotiations conclude successfully, a deal with Bain could be announced as soon as this week and […]
Revolut CEO to sell part of stake in $500 million share sale, Sky News reports
(Reuters) -British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers on the share sale, including shares held […]
Biden calls debate ‘bad episode’ in ABC News interview
WASHINGTON (Reuters) -U.S. President Joe Biden again called his debate against Republican opponent Donald Trump “a bad episode,” suggesting in an interview with ABC News on Friday that his shaky performance was due to poor preparation, exhaustion and illness. “No indication of any serious condition. I was exhausted. I didn’t listen to my instincts in […]