By Nell Mackenzie LONDON (Reuters) – Hedge funds snapped up bank stocks at the quickest clip in three years while taking bets against renewable electricity
Month: November 2024
Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says
By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) -The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers
Tesla hits $1 trillion market value as Musk-backed Trump win fans optimism
(Reuters) – Tesla’s market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon
Why nuclear weapons will be on Trump’s agenda
By Jonathan Landay WASHINGTON (Reuters) – When he takes office in January, President-elect Donald Trump will inherit a raft of national security challenges, including major
IKEA ready for potential tariffs under Trump, CFO says
By Helen Reid LONDON (Reuters) – IKEA has learned from recent supply chain disruptions and is well prepared for potential trade barriers, the owner of
Wall Street drafts Trump wish lists over bank capital, SEC regulation
By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) – The banking and finance industries are rapidly drawing up wish lists for lighter regulation under
US military ready to carry out lawful orders of next Trump administration, avoid politics, Pentagon chief says
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) – U.S. Defense Secretary Lloyd Austin told troops in a memo released on Thursday that the Pentagon
Moderna reports surprise profit on higher-than-expected COVID vaccine sales
By Patrick Wingrove (Reuters) -Moderna reported a surprise third-quarter profit on Thursday, driven by cost cutting and higher-than-expected sales of its COVID-19 vaccine, even with
Fed set to cut rates as Trump’s victory reshapes economic outlook
By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve is expected to reduce its benchmark policy rate by a quarter of a percentage point at the
Datadog raises annual forecast betting on AI-driven cybersecurity demand
(Reuters) – Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, betting on accelerating demand for its AI-backed cybersecurity products. Shares