By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…
By Danielle Broadway LOS ANGELES (Reuters) – Everything changed for Paul Tran and his wife Lynda when the skincare brand they co-founded went viral on TikTok. The Atlanta couple created @loveandpebble, and when they shared their Beauty Pops ice face masks on TikTok in 2021, it took their small business to another level. “We sold…
By Zaheer Kachwala (Reuters) – Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value…
By David Shepardson WASHINGTON (Reuters) – U.S. regulators will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, the agency’s administrator said on Thursday, after a three-hour meeting with company officials, including outgoing CEO Dave Calhoun. The Federal Aviation Administration’s enhanced oversight of Boeing will continue in coming months,…
By Suzanne McGee (Reuters) – Shares of headphone maker Koss Corp. soared for the second session in a row on Friday, closing at $13.35 a share, after trading as high as $18.50 early in the day, as social media posts speculated that a post by meme stock influencer Keith Gill indicated his interest in the…
By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied. Spreads indicate the premium investors demand to…
By Boldizsar Gyori, Karol Badohal and Jan Lopatka LEVICE, Slovakia (Reuters) – A 71-year-old former security guard charged on Thursday with the attempted murder of Slovak Prime Minister Robert Fico is the author of three collections of poetry who neighbours said had shown no sign of political extremism. Fico, 59, was shot as he greeted…
STOCKHOLM (Reuters) – Cisco on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. The company, through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200…
By Doina Chiacu WASHINGTON (Reuters) -Two conservative operatives who launched a robocall campaign designed to prevent Black New Yorkers from voting by mail in the 2020 U.S. election will pay $1.25 million in a settlement, New York state Attorney General Letitia James said on Tuesday. Jacob Wohl and Jack Burkman were found liable by a…
WASHINGTON (Reuters) – U.S. President Joe Biden vowed to stay in the presidential race on Monday, saying he is confident the average voter still wants him on the Democratic ticket. “I am not going anywhere,” Biden told MSNBC after calling into the network’s Morning Joe program. He urged anyone who wants him to step aside…
