Reuters
By Stephen Nellis and Krystal Hu (Reuters) – Microsoft (NASDAQ:) on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle (NYSE:) and Japan’s SoftBank (TYO:) Group to build up to $500 billion of new AI data…
By Tom Hals WILMINGTON, Delaware (Reuters) – Meta Platforms (NASDAQ:)’ former chief operating officer, Sheryl Sandberg, was sanctioned by a judge on Tuesday for deleting emails related to litigation over Facebook’s Cambridge Analytica privacy scandal, despite being told to preserve the messages. The judge, Vice Chancellor Travis Laster, of Delaware…
By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – Warren Buffett’s Pilot Co is shuttering its international oil trading business, ending an excursion into the trillion-dollar global market to refocus on its Pilot Flying J service stations and truck stops in the U.S., three sources told Reuters on Tuesday.…
By Svea Herbst-Bayliss NEW YORK (Reuters) – BlackRock (NYSE:) and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with the asset manager buying back shares in two portfolios and the hedge fund dropping demands for deep management changes. BlackRock, the world’s biggest…
By Dawn Chmielewski (Reuters) -Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street’s forecasts, with live sporting events and the return of its popular South Korean series “Squid Game” attracting a record number of new customers, the company reported on Tuesday. The streaming giant said it…
By Mike Scarcella (Reuters) – U.S. President Donald Trump’s executive order to restore access to TikTok has created a thicket of new legal questions for the short-video platform, along with new tensions between the White House, members of Congress who want the platform banned, and tech companies caught in the…
By Melanie Burton and Ernest Scheyder (Reuters) – U.S. President Donald Trump’s rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders said. Trump on Tuesday revoked predecessor…
By Medha Singh and Ananya Mariam Rajesh (Reuters) – Tesla (NASDAQ:), prison operators and other notable “Trump trades” were volatile on Tuesday as investors assessed a blitz of executive orders by President Donald Trump within hours of taking the oath of office. Trump laid out sweeping plans to maximize oil…
By Philip Blenkinsop BRUSSELS (Reuters) – U.S. President Donald Trump has promised to address a longstanding trade deficit with the European Union, saying he will reverse that by imposing tariffs or making the EU buy more U.S. oil and gas. In an “America First Trade Policy” memo issued on his…
By Lananh Nguyen DAVOS, Switzerland (Reuters) -Bank of America Chief Executive Brian Moynihan on Tuesday welcomed economic policies announced by U.S. President Donald Trump since his inauguration as a “good thing” for business. “They want to see the U.S. economy grow and prosper,” Moynihan said in an interview with Reuters…
