By Guy Faulconbridge MOSCOW (Reuters) – The idea of the BRICS group ever challenging the U.S. dollar is for the fairies as long as China and India remain so divided and refuse to cooperate on trade, the former Goldman Sachs economist who came up with the BRIC acronym told Reuters. Russian President Vladimir Putin is […]
Warren Buffett says he won’t endorse investment products or candidates
By Jonathan Stempel (Reuters) – Warren Buffett will not endorse investment products or political candidates, according to a statement on conglomerate Berkshire Hathaway’s website, in an apparent effort to ward off people trying to capitalize on his reputation. “In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. […]
Walmart to pay $7.5 million to resolve California hazardous waste charges
(Reuters) – Walmart has agreed to pay $7.5 million to resolve civil charges that the largest U.S. retailer illegally disposed hazardous waste and medical waste from its facilities in California municipal landfills. The settlement was announced on Tuesday by California Attorney General Rob Bonta. He said the settlement followed more than 70 waste audits between […]
Modi tells Putin that India wants peace in Ukraine
By Vladimir Soldatkin and Guy Faulconbridge KAZAN, Russia (Reuters) -India’s Narendra Modi told Russian President Vladimir Putin on the eve of the BRICS summit that he wanted peace in Ukraine and that New Delhi was ready to help achieve a truce to end Europe’s deadliest conflict since World War Two. Putin, who ordered tens of […]
Qualcomm, Alphabet team up for automotive AI; Mercedes inks chip deal
By Stephen Nellis (Reuters) – Qualcomm on Tuesday said it was teaming up with Alphabet’s Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms. Qualcomm’s chips have long powered mobile phones with Google’s Android operating system and the company […]
Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
(Reuters) -Goldman Sachs is facing a fine in the tens of millions of dollars from the U.S. Consumer Financial Protection Bureau over its credit card business, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The consumer watchdog’s enforcement action is tied to an investigation into Goldman’s customer service operations with […]
US set to award Hemlock Semiconductor $325 million for polysilicon production
By David Shepardson (Reuters) – The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor to significantly expand production capacity of semiconductor-grade polysilicon as it seeks to shift the chips supply chain. The government grant from the $52.7 billion semiconductor manufacturing and research subsidy program would support construction of a […]
U.S. to soon curb AI investment in China
By Karen Freifeld (Reuters) – U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under final review, according to a government posting, suggesting the restrictions are coming soon. The rules, which will also require U.S. investors to notify the Treasury Department about some investments in AI and other sensitive technologies, […]
Gold’s allure spreads as bulls lock in on fresh records
By Polina Devitt and Swati Verma LONDON (Reuters) – Gold is extending a period of successive record highs, moving the psychological milestone of $3,000 per ounce into view, analysts said, as geopolitical tension, a tight U.S. electoral race and favorable macro backdrop attract more investors. Spot gold reached a historic high of $2,740.37 a troy […]
Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On?
Tesla’s Earnings Report: Can Options Traders Cash In on the Big Move They’re Betting On? As Tesla gears up to release its Q3 earnings on Wednesday, options traders are placing big bets, with implied volatility pointing to a potential 5-8% price swing. The market is bracing for a major move, as contracts around the $200 […]