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Category: Business

Trump’s backing for Nippon’s US Steel bid leaves key questions unanswered
Business

Trump’s backing for Nippon’s US Steel bid leaves key questions unanswered

By Mariko Katsumura and Yuka Obayashi TOKYO (Reuters) -U.S. President Donald Trump’s comments supporting Nippon Steel’s $14.9 billion bid for…

May 26, 2025May 26, 2025
China auto shares sink after BYD offers trade-in incentives
Business

China auto shares sink after BYD offers trade-in incentives

SHANGHAI (Reuters) -Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered…

May 26, 2025May 26, 2025
Moderna files for review of updated COVID vaccine
Business

Moderna files for review of updated COVID vaccine

(Reuters) -Moderna said on Friday it has filed a marketing application for the review of its updated COVID-19 vaccine with…

May 25, 2025
Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored
Business

Musk says he’ll resume working ’24/7′ at his companies, X outage mostly restored

(Reuters) – Elon Musk’s social media platform X was largely restored for most users after an outage that impacted tens…

May 25, 2025
McDonald’s to close standalone beverage concept
Business

McDonald’s to close standalone beverage concept

By Waylon Cunningham (Reuters) -McDonald’s Corp is shutting down the five beverage-centered CosMc’s stores it opened in 2023, but said…

May 24, 2025
UBS raises S&P year end target, eyes more gains in 2026
Business

UBS raises S&P year end target, eyes more gains in 2026

(Reuters) – UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800…

May 23, 2025May 23, 2025
Alphabet hits near three-month high on new AI updates
Business

Alphabet hits near three-month high on new AI updates

(Reuters) -Alphabet shares jumped 4% on Thursday, rising for a second straight day, as investors cheered the Google parent’s artificial…

May 22, 2025
FTC drops case over Microsoft’s $69-billion Activision Blizzard deal
Business

FTC drops case over Microsoft’s $69-billion Activision Blizzard deal

By Jody Godoy (Reuters) – The U.S. Federal Trade Commission dropped a case that sought to block Microsoft’s $69-billion purchase…

May 22, 2025
Ackman’s hedge fund Pershing Square bets on Amazon, exits Canadian Pacific
Business

Ackman’s hedge fund Pershing Square bets on Amazon, exits Canadian Pacific

By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Bill Ackman told clients on Thursday that his hedge fund bought Amazon…

May 22, 2025
No place to hide from any China-Taiwan conflict, investors say
Business

No place to hide from any China-Taiwan conflict, investors say

By Ankur Banerjee SINGAPORE (Reuters) -Foreign investors could once barely imagine that China would invade neighbouring Taiwan, but with Donald…

May 22, 2025

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