(Reuters) – Elon Musk-owned X raised the price of its premium-plus plan in several markets from Dec. 21 as the social media company looks to boost payment for creators on its platform. The top-tier plan is now priced at $22 a month in the U.S., up from $16 earlier, according to a blog post. Prices […]
Exclusive-Synopsys’ $35 billion Ansys acquisition to be approved in EU, sources say
By Foo Yun Chee BRUSSELS (Reuters) -U.S. chip design software company Synopsys is set to win conditional EU antitrust approval for its $35 billion buy of Ansys, people with direct knowledge of the matter said on Monday. The biggest technology sector deal since Broadcom’s $69 billion purchase of software maker VMware a year ago, it […]
Ford donates $1 million and fleet of vehicles to Trump’s inauguration
By Nora Eckert and David Shepardson DETROIT (Reuters) – Ford Motor Co is donating $1 million and a fleet of vehicles to U.S. President-elect Donald Trump’s January inauguration, a company spokesperson said on Monday. Policies on tariffs and electric vehicles that are being considered by the incoming administration would likely affect Detroit carmakers like Ford, […]
US crypto industry eyes possible day-one Trump executive orders
By Hannah Lang (Reuters) – The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens mainstream, according to industry officials. Trump plans to issue a flurry of executive orders and directives on everything from […]
OpenAI unveils ‘o3’ reasoning AI models in test phase
(Reuters) – OpenAI said on Friday it was testing new reasoning AI models, o3 and o3 mini, in a sign of growing competition with rivals such as Google to create smarter models capable of tackling complex problems. CEO Sam Altman said the AI startup plans to launch o3 mini by the end of January, and […]
China says its astronauts complete record-breaking spacewalk
By Joey Roulette WASHINGTON (Reuters) – Two Chinese astronauts this week completed a world-record spacewalk of more than nine hours, according to a statement from China’s Manned Space Agency, marking another milestone for Beijing’s rapidly expanding space program. The spacewalk, carried out by Cai Xuzhe and Song Lingdong outside the Tiangong space station in low-Earth […]
Exclusive-Nippon Steel alleges undue White House influence on doomed deal review, letter says
By Alexandra Alper WASHINGTON (Reuters) -Nippon Steel alleges the White House had “impermissible undue influence” over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action if the deal is blocked. The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel […]
Venture Global applies to list on NYSE
(Reuters) -Venture Global has applied to list its Class A common stock on NYSE under the symbol “VG”, according to a company filing on Friday. The LNG company said Goldman Sachs & Co., J.P. Morgan, BofA Securities, ING, RBC Capital Markets, Scotiabank and Mizuho are among the underwriters for its initial public offering (IPO). In […]
Column-The five charts flashing red for U.S. equity bulls: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – As the classic market cliche goes, investors should worry most when the consensus is overwhelmingly optimistic and be bullish when it’s overwhelmingly bearish. If investors apply this logic to the 2025 U.S. stock market outlook, they should be running for the hills. By many measures – sentiment surveys, […]
AI startup Databricks hits $62 billion valuation in record VC round
By Krystal Hu and Niket Nishant (Reuters) -Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups. The round, led by Joshua Kushner’s Thrive Capital, drew commitments from elite investors including Andreessen Horowitz, DST Global, GIC, […]