PayPal launches dollar-backed stablecoin, boosting shares
By Jaiveer Shekhawat and Hannah Lang (Reuters) -Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin,…
Category: General
Tyson Foods shares tumble on slowing demand, plant closures
By Tom Polansek and Granth Vanaik (Reuters) -Tyson Foods missed Wall Street expectations for third-quarter revenue and profit on Monday,…
KKR to buy Simon & Schuster for $1.62 billion from Paramount Global
(Reuters) – Paramount Global said on Monday it was selling Simon & Schuster to KKR & Co for $1.62 billion…
Musk’s Neuralink raises $280 million in funding led by Thiel’s Founders Fund
(Reuters) – Elon Musk’s brain chip startup Neuralink has raised $280 million in a funding round led by Peter Thiel’s…
Biden revs up economy pitch after week of silence on Trump
By Jarrett Renshaw WILMINGTON, Delaware (Reuters) -President Joe Biden kicks off a visit to three Western U.S. states on Monday…
Aramco boosts dividend as Q2 profit drops 38% to $30.1 billion
By Yousef Saba and Maha El Dahan DUBAI (Reuters) – Saudi state oil giant Aramco on Monday announced an additional…
Musk says fight with Zuckerberg to be live-streamed on X
NEW YORK/BENGALURU (Reuters) -Elon Musk said on Sunday his proposed fight with Meta Chief Executive Mark Zuckerberg would be live-streamed…
Kim Jong Un tells North Korea arms factories to boost capacity -KCNA
By Jack Kim SEOUL (Reuters) – North Korean leader Kim Jong Un has instructed factories making missile engines, artillery and…
EV maker Lucid slashes prices of Air sedan as part of offer amid heating competition
By Abhirup Roy SAN FRANCISCO (Reuters) – Electric vehicle maker Lucid cut prices of its Air luxury sedans by as…
Berkshire posts record operating profit as rising rates boost Buffett’s returns
By Jonathan Stempel (Reuters) – Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock…