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
Year: 2024
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
Super Micro slumps as weak forecast, annual report uncertainty fuel investor angst
(Reuters) -Shares of Super Micro Computer tumbled more than 24% to hit a near 18-month low on Wednesday as an unclear timeline for its annual
European clean energy stocks tumble as Trump wins US presidency
By Stine Jacobsen COPENHAGEN (Reuters) -Shares in European clean energy groups plummeted on Wednesday after Donald Trump was elected president of the United States, as
US suppliers, importers prepare for promised Trump tariffs
By Lisa Baertlein and David Kirton LOS ANGELES (Reuters) – Some U.S. businesses are activating plans to protect their businesses from President-elect Donald Trump’s promise
Trump’s economic plan hinges on tax cuts, tariffs, immigration crackdown
WASHINGTON (Reuters) – U.S. President-elect Donald Trump will retake the White House with ambitious plans for broad import tariffs, immigration restrictions and additional tax cuts
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.
Wells Fargo has tripled political spending with state groups over past decade
By Douglas Gillison (Reuters) – Over the past decade, Wells Fargo has tripled donations to groups focused on influencing state elections as the retail banking