ROME (Reuters) – The Group of Seven countries, with the exception of the United States, discussed how to respond to U.S. President Donald Trump’s announcement last week of sweeping tariffs, Italy’s economy minister said on Wednesday. “Within the G7 all of us outside the U.S. spoke to try to calm the situation and find a […]
US imports set to fall 20% in second half of 2025 on Trump tariffs, NRF forecast shows
(Reuters) – Imports into the U.S. could be down at least 20% year-over-year in the second half of 2025 due to U.S. President Donald Trump’s sweeping tariffs on several trade partners, a forecast by the National Retail Federation showed on Wednesday. With Trump’s reciprocal tariffs coming into effect on Wednesday, along with additional tariffs on […]
Musk’s xAI increased Tennessee gas turbines without permits, community groups say
(Reuters) -Elon Musk’s xAI has nearly doubled gas turbines at its Tennessee data center, exceeding previously known figures and surpassing the number for which the company has submitted permits, according to a letter from community groups to the county’s health department. The Southern Environmental Law Center and local groups have called on the health department […]
Magnificent Seven to add more than $1 trillion in value after Trump pauses some tariffs
By Aditya Soni (Reuters) -The “Magnificent Seven” stocks were poised to gain more than $1 trillion in market value on Wednesday after U.S. President Donald Trump approved a 90-day tariff pause, easing pressure on tech giants that had tumbled in recent sessions. Shares of the companies, which include AI chip giant Nvidia, Apple, Tesla and […]
Tesla Supercharger station damaged in Washington, authorities say
(Reuters) -A Tesla Supercharger station was damaged in Lacey, Washington, on Tuesday, according to local police and the Federal Bureau of Investigation. The impacted Tesla Supercharger station, which is located at 665 Sleater Kinney Road SE in Lacey, comprises 12 Superchargers, each capable of delivering up to 250 kW of power, according to the company’s […]
Musk’s DOGE using AI to snoop on U.S. federal workers, sources say
By Alexandra Ulmer, Marisa Taylor, Jeffrey Dastin and Alexandra Alper (Reuters) -Trump administration officials have told some U.S. government employees that Elon Musk’s DOGE team of technologists is using artificial intelligence to surveil at least one federal agency’s communications for hostility to President Donald Trump and his agenda, said two people with knowledge of the […]
Trump’s NASA pick says agency will prioritize Mars mission
By Joey Roulette and David Shepardson WASHINGTON (Reuters) -President Donald Trump’s pick to lead NASA will tell senators on Wednesday that the agency will prioritize an astronaut mission to Mars, while noting that most U.S. space programs are over budget and behind schedule. “We will prioritize sending American astronauts to Mars. Along the way, we […]
Crypto firm Ripple to buy prime broker Hidden Road for $1.25 billion
(Reuters) – Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company. This is the second billion-dollar-plus deal involving a crypto company this year, as digital assets such as bitcoin gain more prominence under U.S. President Donald […]
How Microsoft’s AI chief measures consumer inroads for Copilot
By Jeffrey Dastin REDMOND, Washington (Reuters) – As Microsoft CEOs past and present gathered here to celebrate the company’s 50th birthday, one leader said he is targeting a particular metric’s improvement to guide his strategy on artificial intelligence. Mustafa Suleyman, chief executive of Microsoft AI, said his consumer and research division is tracking the usual […]
Foxconn reports record Q1 revenue, says it must closely watch global politics
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence products but said it would need to closely watch global politics. Revenue for Apple’s biggest iPhone assembler jumped 24.2% year-on-year to T$1.64 trillion ($49.5 billion), Foxconn said in a statement on Saturday, just […]