Reliance, Walt Disney close $8.5 billion merger of Indian media assets
(Reuters) – Reliance Industries and Walt Disney on Thursday completed the $8.5 billion merger of their Indian media assets, which…
Trump’s transition team aims to kill Biden EV tax credit
By Jarrett Renshaw (Reuters) -President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle…
EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace
BRUSSELS (Reuters) -The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace,…
Traders bet on Fed December rate cut after inflation data
(Reuters) – Traders of contracts that settle to the Federal Reserve’s policy rate moved Wednesday to price in a firmer…
Bitcoin rises above $90,000 on Trump euphoria
By Rae Wee and Hannah Lang (Reuters) – Bitcoin broke through the $90,000 level on Wednesday, as its rally showed…
Pentagon buys two new types of drones under Replicator initiative
By Mike Stone WASHINGTON (Reuters) – The Pentagon announced on Wednesday that it will add two new types of drones…
AMD to cut 4% of global workforce as it focuses on AI chip development
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs…
North Korean soldiers joining Russia in combat, US State Dept says
WASHINGTON (Reuters) – North Korean troops have begun engaging in combat operations alongside Russian forces, the U.S. State Department said…
US banks saw weaker loan demand in the third quarter, Fed survey shows
(Reuters) -U.S. banks saw weaker demand for a key category of business loans during the third quarter, while the demand…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…