U.S. Steel, Nippon sue Biden administration over decision to block merger
By Alexandra Alper, Aatreyee Dasgupta WASHINGTON (Reuters) -U.S. President Joe Biden unlawfully blocked Nippon Steel’s $14.9 billion bid for U.S. Steel through a sham national
AI-influenced shopping boosts online holiday sales, Salesforce data shows
(Reuters) – Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by nearly
US companies rush to bond market in fundraising flurry
By Matt Tracy (Reuters) – U.S. companies rushed to the corporate bond markets on Monday as what is usually a seasonal fund-raising spree over the
European drinks group skid after US surgeon general calls for cancer warnings
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic
Apple’s China troubles mount as foreign phone sales sink for 4th month
BEIJING (Reuters) – Shipments to China of foreign-branded smartphones, including Apple Inc’s iPhone, fell by 47.4% in November from a year earlier, according to data
Biden blocks Nippon Steel’s $14.9 billion takeover of U.S. Steel
(Reuters) -U.S. President Joe Biden said on Friday he would block Japanese company Nippon Steel’s $14.9 billion buyout of U.S. Steel, citing reasons related to
As Trump’s Republicans take congressional majority, Mike Johnson faces test
By Bo Erickson WASHINGTON (Reuters) -U.S. President-elect Donald Trump’s Republicans will face a first test of their control of both chambers of Congress on Friday
Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds taking long and short bets on stocks last year sported their highest average returns since 2020,
US announces $5.9 billion in military and budget aid to Ukraine
By Steve Holland and Andrea Shalal WASHINGTON (Reuters) -The United States on Monday announced nearly $6 billion in additional military and budget assistance for Ukraine
Nvidia closes $700 million Run:ai acquisition after regulatory hurdles
(Reuters) – Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The