By Andrew Goudsward WASHINGTON (Reuters) – U.S. Attorney General Pam Bondi plans to sign a directive on Wednesday, her first day in office, that could allow Justice Department lawyers to be fired if they refuse to advance legal arguments on behalf of President Donald Trump’s administration, Fox News reported. The memo, which Fox News said […]
UnitedHealth raises concerns over Bill Ackman’s post on X with SEC
(Reuters) – UnitedHealth has reached out to the U.S. Securities and Exchange Commission about billionaire investor Bill Ackman’s now-deleted post on social media platform X that said he would take a short position in the healthcare conglomerate. WHY IT’S IMPORTANT “If I still shorted stocks, I would short United Healthcare,” Ackman said in his post, […]
Elon Musk and OpenAI head to court to spar over nonprofit conversion
OAKLAND, Calif. (Reuters) – – Lawyers for Elon Musk and ChatGPT maker OpenAI are set to butt heads in the courtroom on Tuesday as a judge will hear arguments on Musk’s lawsuit to halt OpenAI’s conversion to a for-profit entity. Musk’s request to block OpenAI’s conversion is the latest move in a grudge match between […]
Morgan Stanley to increase sale of loans tied to Musk’s X, Bloomberg News reports
(Reuters) – A group of Morgan Stanley-led banks is set to increase a sale of loans tied to Elon Musk’s social media platform X after receiving stronger-than-expected demand from investors, Bloomberg News reported on Tuesday. The banks had initially planned to sell about $3 billion worth of loans, Reuters reported last month. However, they are […]
Robinhood halts rollout of Super Bowl betting contracts after CFTC request
By Niket Nishant and Manya Saini (Reuters) – Robinhood said on Tuesday it is rolling back the event contracts that would let users bet on the result of the Super Bowl clash this weekend, after the online brokerage received a request from the U.S. Commodity Futures Trading Commission. The halt comes just a day after […]
Trump warns tariffs on China may increase
WASHINGTON (Reuters) – U.S. President Donald Trump warned on Monday he might increase tariffs on China beyond the 10% he imposed on Saturday and that “we will speak to China” probably over the next 24 hours. He described the tariffs he placed on Chinese imports as an “opening salvo” in his drive for more balance […]
Alphabet faces scrutiny on AI spending as Google cloud growth slows
By Deborah Mary Sophia and Zaheer Kachwala (Reuters) – Alphabet will face investor scrutiny over its massive spending on AI when it reports earnings on Tuesday, as revenue growth at the Google parent likely slowed in the holiday quarter due to a slowdown in its advertising and cloud businesses. Like other U.S. technology heavyweights, Alphabet […]
Trading touchdowns: Robinhood launches Super Bowl prediction contracts
By Manya Saini and Niket Nishant (Reuters) -Robinhood is rolling out event contracts to let U.S. users wager on the outcome of the Super Bowl clash, it said on Monday, seeking to tap into the betting mania around one of the most iconic sporting events in the country. The platform has been pushing to gain […]
US prosecutor warns of legal risk for anyone hindering Musk’s efficiency effort
By Andrew Goudsward WASHINGTON (Reuters) – A federal prosecutor appointed by President Donald Trump asked Elon Musk for information about anyone trying to impede the work of the billionaire’s government efficiency effort, warning of possible criminal sanctions, in a letter posted on platform X on Monday. Edward Martin, the interim U.S. attorney in Washington, D.C., […]