By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S.-listed exchange-traded funds focused on China have drawn bullish options flows as the emergence of artificial intelligence startup DeepSeek brightens the outlook for Chinese tech shares, and tariff-related news seemed less threatening than before. Traders have been loading up in recent weeks on bullish options on the […]
Amazon to stop support for communications service Chime next year
(Reuters) – Amazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday. Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls. “After careful consideration, we […]
BlackRock pauses corporate meetings in wake of new ESG rules
(Reuters) – BlackRock has temporarily paused meetings with some portfolio companies while studying the impact of new reporting rules from the U.S. Securities and Exchange Commission, according to people familiar with the matter. The top U.S. asset manager is among those affected by a recent SEC interpretation requiring fund firms to file more extensive ownership […]
US crude, gasoline stockpiles likely rose last week, distillate draw seen: Reuters poll
(Reuters) – U.S. crude oil and gasoline stockpiles were expected to have risen last week, while distillate inventories likely fell, a preliminary Reuters poll showed on Tuesday. Three analysts polled by Reuters, ahead of weekly inventory data, estimated on average that crude inventories rose by about 2.2 million barrels in the week to February 14. […]
OPEC+ is not considering delay to April oil supply hike, Novak says
MOSCOW (Reuters) – OPEC+ producers are not considering delaying a series of monthly oil supply increases that is scheduled to begin in April, Russian Deputy Prime Minister Alexander Novak said on Monday, Russia’s RIA state news agency reported. Bloomberg News reported on Monday, citing delegates, that OPEC+, which groups the Organization of the Petroleum Exporting […]
China’s Xi holds rare meet with business leaders amid US tech rivalry
BEIJING (Reuters) – President Xi Jinping held a rare meeting on Monday with some of the biggest names in China’s technology sector, such as Alibaba founder Jack Ma, urging them to “show their talent” and be confident in the power of China’s model and market. The tightly choreographed pro-business rally, a turnaround in Beijing’s approach […]
Microsoft to invest $700 million to boost Poland’s cybersecurity
WARSAW (Reuters) -Microsoft plans to invest an additional 700 million dollars in Poland to improve Polish cybersecurity in cooperation with the country’s armed forces, the company’s president said on Monday without elaborating. In a joint press conference with Polish Prime Minister Donald Tusk, Microsoft President Smith said the investment would be for a second phase […]
Banks sell down more X debt; just $1.3 billion now left on their books
By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk’s $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said. On Thursday, they completed the secondary sale of $4.74 billion of […]
Bridgewater adds Tesla stake, reduces rest of ‘Magnificent 7’
By Carolina Mandl NEW YORK (Reuters) – Hedge fund giant Bridgewater Associates added shares of Tesla to its portfolio in the fourth quarter, while it trimmed exposure to the rest of the “Magnificent Seven” group of U.S. tech and growth stocks, a regulatory filing showed. The firm founded by investor Ray Dalio ended December with […]
Musk’s xAI in talks to raise $10 billion at $75 billion valuation, Bloomberg News reports
(Reuters) -Elon Musk’s xAI is discussing to raise $10 billion that could value the artificial intelligence startup at about $75 billion, Bloomberg News reported on Friday, citing a person familiar with the matter. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are in talks to participate in the transaction, the report said. […]