(Reuters) – The Ukrainian military said on Tuesday its forces had hit a Russian oil depot in the Smolensk region. Ukraine’s general staff said on Telegram that the depot was used for military purposes. It said there had been powerful explosions and tanks with oil products had caught fire. Earlier, Smolensk governor Vasily Anokhin said […]
Washington mayor optimistic she and Trump can work together despite past differences
By Nathan Layne WEST PALM BEACH, Florida (Reuters) – Washington Mayor Muriel Bowser said she had a great meeting with President-elect Donald Trump at his Florida resort and voiced optimism that they would find common ground despite their past clashes. Bowser met Trump at his Mar-a-Lago home for about 45 minutes on Monday, a spokesperson […]
Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria
By Manya Saini (Reuters) – Bitcoin more than doubled in 2024 driven by the U.S. markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and most well-known cryptocurrency hit $100,000 earlier this month, a […]
Boeing on track to be 2024’s biggest loser in Dow Jones Index
(Reuters) – U.S. planemaker Boeing is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32% as it bounced from one crisis to another. Rival Airbus rose more than 11% for the year, and the benchmark S&P 500 gained more than 23% during 2024. Boeing’s shares opened the year […]
Factbox-Biggest aviation accidents of 2024
(Reuters) – The crash on Sunday of a Jeju Air Boeing 737-800 in Seoul killed a total of 179 people in the deadliest air disaster on South Korean soil. Here are some of the biggest aviation accidents of 2024, in order of severity: SOUTH KOREA Jeju Air international flight 7C2216, originating from Bangkok, Thailand, and […]
US pending home sales hit 21-month high in November
(Reuters) – Contracts to buy U.S. previously owned homes rose more than expected in November, notching a fourth straight month of gains as buyers focused on taking advantage of improved inventory despite stubbornly high mortgage rates. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose […]
Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac
(Reuters) -Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae and Freddie Mac from conservatorship, potentially making them private companies again, the billionaire investor said on Monday. Shares of Fannie Mae climbed 18.4%, while those of Freddie Mac rose 18% following Ackman’s post on social media platform X. According to Ackman’s post, Fannie […]
Nvidia closes $700 million Run:ai acquisition after regulatory hurdles
(Reuters) – Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia’s $700 million bid for Run:ai, which helps developers optimize infrastructure for AI, earlier in December after saying in October that the deal would […]
US homelessness rose by record 18% in latest annual data
By Kanishka Singh WASHINGTON (Reuters) – There was a record 18% rise in homelessness in the U.S. in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the U.S. Department of Housing and Urban Development said on Friday. WHY IT’S IMPORTANT The problem of homelessness has […]
OpenAI lays out plan to shift to new for-profit structure
(Reuters) – OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent. Under the proposed structure, the public benefit corporation (PBC) will run and control OpenAI’s operations and […]