SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a “war” in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of…
By Jarrett Renshaw (Reuters) – Former President Barack Obama and his wife Michelle endorsed Kamala Harris’ bid for president on Friday in a roughly one-minute long video that captured a private phone call between the couple and the current vice president. “We called to say Michelle and I couldn’t be prouder to endorse you and…
(Reuters) -FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services. The company’s shares fell about 11% to $268.21 after the bell. FedEx and other transportation firms expanded operations during the pandemic-fueled online shipping…
(Reuters) – Meta Platforms is exploring making earphones powered by artificial intelligence with cameras, The Information reported on Monday citing employees familiar with the matter. A slew of companies, from startups to conglomerates including Meta, are looking to develop AI-based wearable devices to capture growing interest in the sector. The Facebook-parent expects the device, being…
(Reuters) – Winklevoss brothers, the founders of crypto currency exchange Gemini, said in a post on social media platform X on Thursday that they have donated $1 million in bitcoin to Donald Trump and will be voting for him in November. “Over the past few years, the Biden Administration has openly declared war against crypto….
(Reuters) – Blackstone CEO Stephen Schwarzman will support Donald Trump as the former president looks to return to the White House, Axios reported on Friday. Schwarzman, one of the biggest political donors on Wall Street, plans to donate to Trump and various Republican Senate candidates, the report said, citing a statement from the CEO. Long…
By David Shepardson WASHINGTON (Reuters) -A U.S. appeals court on Monday said it will hold oral arguments on Sept. 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok’s U.S. assets by Jan. 19 or face a ban. On May 14, a group of TikTok creators filed suit to block the…
(Corrects to read ‘Tuesday’ (not ‘Wednesday’), in paragraph 1) By Stefano Rebaudo (Reuters) -Sterling hit a 22-month high versus the euro after a sharp rise the day before and was roughly unchanged against the dollar on Tuesday as investors await U.S. inflation data and the outcome of the Federal Reserve’s policy meeting. The single currency…
WASHINGTON (Reuters) – The U.S. Treasury on Thursday said no major trading partner appeared to manipulate its currency last year, but it added Japan to a foreign exchange “monitoring list,” alongside China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list. The Treasury’s semi-annual currency report also found that no major trading…
By Nora Eckert DETROIT (Reuters) – Ford Motor is trying to get more of its managers to buy electric vehicles, according to an internal email the automaker sent last week that was reviewed by Reuters. The Dearborn, Michigan-based company changed a leasing program it offers to eligible current and former managers, now requiring them to…
