Activist Elliott meets BP investors to discuss more changes, sources say
By Sarah McFarlane and Shadia Nasralla(Reuters) – Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential leadership reshuffle, two...
Elon Musk holds Pentagon meeting, wants leakers prosecuted
By Phil Stewart, Idrees Ali and Nandita BoseWASHINGTON (Reuters) -Billionaire Elon Musk held a meeting for more than an hour at the Pentagon on Friday morning as the close ally of President Donald Trump called for the prosecutions of any Pentagon officials leaking...
Chipmaker Micron’s shares slump as tepid margin forecast eclipses AI prospects
(Reuters) – Micron’s shares fell 8% on Friday, as its dour margin forecast took the shine off a robust quarterly revenue outlook driven by demand for its semiconductors used in artificial intelligence tasks. Micron, one of only three providers of...
Tether is in talks with ‘Big Four’ firm about reserve audit, CEO says
By Hannah Lang and Elizabeth Howcroft(Reuters) – Tether, the creator of the world’s largest stablecoin, is “engaging with a Big Four accounting firm” as it pushes for a long-awaited audit of its reserves, an effort CEO Paolo Ardoino said will...
US trade chief to meet with Chinese counterpart as Trump-Xi talks loom
By Trevor HunnicuttWASHINGTON (Reuters) – U.S. President Donald Trump said on Friday his top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week and reiterated his plan to use tariffs to help narrow the U.S. trade deficit with its...FedEx shares slide as annual forecast cuts stoke worries on economy
By Shivansh Tiwary(Reuters) -FedEx’s shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump administration’s sweeping tariffs on trading...
North Dakota oil regulator expects lower oil prices this year amid Trump tariff uncertainty
By Georgina McCartneyHOUSTON (Reuters) – Oil prices will likely slip this year, the director of North Dakota’s state oil regulator predicted, amid uncertainty surrounding U.S. President Donald Trump’s tariffs on neighboring Canada and Mexico. North...