Musk’s xAI seeks $113 billion valuation in $300 million share sale, FT reports
(Reuters) -Elon Musk’s xAI is seeking a valuation of $113 billion in a share sale worth $300 million, the Financial…
Disney laying off several hundred in film, TV, finance
(Reuters) -Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar…
Harvard’s US-funded defense projects totaled $180 million in recent years, study shows
By Mike Stone WASHINGTON (Reuters) -When the Trump administration cut federal funding to Harvard University, it abruptly ended an estimated…
Musk said he was chainsawing government spending. It was more like a trim
By Brad Heath, Jason Lange, Andy Sullivan, Grant Smith WASHINGTON (Reuters) -Elon Musk once famously wielded a chainsaw on stage…
Traders keep bets on September Fed rate cut as US inflation cools
(Reuters) -Traders of futures that settle to the Federal Reserve’s policy rate continued to bet on Friday that the U.S.…
US consumer spending slows in April; inflation rises moderately
WASHINGTON (Reuters) -U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed.…
Trump says China has ‘totally violated’ agreement with US on tariffs
WASHINGTON (Reuters) -U.S. President Donald Trump on Friday said China had violated an agreement on tariffs with the United States.…
IDC cuts global smartphone shipments forecast on tariff volatility
(Reuters) -International Data Corp slashed its 2025 global smartphone shipment growth forecast to 0.6% from 2.6% on Thursday, citing tariff-driven…
Markets ask how soon Nippon Steel will benefit from $15 billion bid for U.S. Steel
By Katya Golubkova and Anton Bridge TOKYO (Reuters) -Nippon Steel investors and analysts are asking if its $15-billion deal to…
Xiaomi’s Tesla Y rival YU7 hits showrooms in Beijing
By Qiaoyi Li and Alessandro Diviggiano BEIJING (Reuters) -Xiaomi rolled out its new sports utility vehicle in Beijing on Thursday,…