(Reuters) – NATO-member defense spending may come back into focus as former U.S. President Donald Trump returns to office. Republican Trump, 78, was elected president on Wednesday, defeating Democratic candidate Kamala Harris. He previously served as U.S. president from 2017 to 2021. In congratulating Trump on his election, NATO Secretary General Mark Rutte said that […]
Tesla investors lose bid for new US trial over Musk’s 2018 tweets
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday upheld a jury’s verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had “funding secured” to take the electric car company private. The San Francisco-based 9th […]
US green power demand expected to grow regardless of election outcome
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the wind energy sector Vestas and Orsted said on Tuesday. Offshore wind developers have seen profits shrink in recent years due to rising raw material costs, […]
Factbox-Ten counties to watch in Tuesday’s US presidential election
By Bo Erickson WASHINGTON (Reuters) – Seven battleground states — Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin — are expected to play a decisive role in Tuesday’s U.S. presidential election between Democrat Kamala Harris or Republican Donald Trump. Here are ten counties to watch in those states. Early results based on partial returns […]
Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers
By Chris Kirkham (Reuters) -When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network. “Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses. Six months later, Musk […]
Amazon CEO denies full in-office mandate is ‘backdoor layoff’
By Greg Bensinger (Reuters) – Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force attrition or satisfy city leaders, as many employees have suggested. The controversial plan mandating workers come to Amazon offices every day […]
Cryptoverse: U.S. election speculators play the prediction markets
By Lisa Pauline Mattackal (Reuters) -Donald Trump is a clear favorite to beat Kamala Harris – that’s if you put your faith in prediction markets, the latest frontier for the indefatigable crypto speculator. On the eve of the U.S. election, billions of crypto dollars are chasing bets on the two candidates on platforms like Polymarket […]
Trump unlikely to undo Biden’s IRA climate legislation, TotalEnergies executive says
By America Hernandez PARIS (Reuters) – French oil major TotalEnergies does not anticipate that Donald Trump would pull the U.S. out of the Paris Agreement on climate change or undo Inflation Reduction Act (IRA) legislation if he became U.S. president again, the company’s strategy director said on Monday. Aurelien Hamelle made the comments while presenting […]
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record $325.2 billion. In its quarterly report on Saturday, Berkshire said it sold about 100 million, or 25%, of its Apple shares over the summer, ending with […]
Nvidia’s proposed buy of AI startup Run:ai requires EU approval, EU regulators say
BRUSSELS (Reuters) – U.S. chipmaker Nvidia’s proposed acquisition of AI startup Run:ai will have to be approved by EU antitrust regulators before the deal can be completed, the European Commission said on Thursday. The EU competition enforcer said Nvidia will have to formally seek its approval for the deal, following a request from the Italian […]