Citadel CEO discloses massive stake in Solana treasury company
Ken Griffin and Citadel disclosed multimillion-dollar stakes in DeFi Development Corp., signaling rising institutional interest in Solana-linked as…
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Exclusive-Activist Elliott tells Southwest Air mechanics it still wants CEO’s ouster, memo says
By Allison Lampert, Rajesh Kumar Singh and Svea Herbst-Bayliss CHICAGO (Reuters) – Activist investor Elliott Investment Management told one of Southwest Airlines’ top unions it still wants to replace CEO Robert Jordan, according to a union memo seen by Reuters, even after the carrier pledged to shake up its board. Elliott, which owns 10% of…
Explainer-Why Italy’s Superbonus blew a hole in state accounts
By Crispian Balmer and Giuseppe Fonte ROME (Reuters) – Italy’s government said on Tuesday fiscal incentives for home renovations had had a “devastating” impact on public finances over the last four years and were to blame for the expected rise in the country’s massive public debt through 2026. The take-up of the incentives had hit…
Boeing Starliner capsule’s first crewed flight delayed over rocket glitch
(Reuters) – Boeing’s <BA.N> long-awaited first crewed test flight of the new Starliner space capsule was called off for at least 24 hours over a technical issue that launch teams could not resolve in time for the planned Monday night lift-off. The latest flight was scrubbed with less two hours left in the countdown as…
Google to blame for slower YouTube speeds in Russia, says senior lawmaker
(Reuters) – YouTube speeds in Russia are set to sharply decline on desktop computers due Google’s failure to upgrade its equipment in Russia and its refusal to unblock channels of Russian media, a senior lawmaker close to the authorities said on Friday. Russia has criticised Alphabet’s Google for taking down YouTube channels of Russian media…
FedEx eyes fiscal 2025 profit just above Wall St target; shares soar
(Reuters) -FedEx forecast fiscal 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains even as revenue remains challenged by lackluster demand for parcel shipping. Shares of FedEx were up 15.3% at $295.49 in extended trading after the delivery company targeted fiscal 2025 earnings of…
Canada considers imposing import tariffs on Chinese EVs
By David Ljunggren and Ismail Shakil OTTAWA (Reuters) -Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about the idea, Deputy Prime Minister Chrystia Freeland said on Monday. Freeland said the domestic auto sector faced unfair competition from what she called China’s “state-directed policy of overcapacity,”…
New York recovers $50 million for defrauded Gemini Earn crypto investors
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more…
US dollar advances after hawkish Fed comment, economic data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose on Tuesday, bolstered by hawkish comments from Federal Reserve officials as well as data showing a stable housing market in the world’s largest economy, both suggesting that the central bank will not be in a rush to kickstart its rate-cutting cycle. The greenback firmed against…
Delta rejects CrowdStrike criticism, sees $500 million hit from cyber outage
By Rajesh Kumar Singh and David Shepardson CHICAGO/WASHINGTON (Reuters) -Delta Air Lines said on Thursday it is pursuing legal claims against CrowdStrike and Microsoft after a global outage last month caused mass flight cancellations, disrupting travel plans of 1.3 million customers and costing it at least $500 million. A software update last month by global…