Clear 40°. Wind Chill: 35°. Wind: W 6 mph.
Loading advertisement…
Trending: Louisiana could cut royalties on oil produced on state lands
HomeNewsNationalBusiness ( Page 297)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

Nvidia to invest $100 billion in OpenAI to help expand the ChatGPT maker’s computing power

Chipmaker Nvidia will invest $100 billion in OpenAI as part of a partnership announced Monday that will add at least 10 gigawatts of Nvidia AI data centers to ramp up the computing power for the owner of the artificial intelligence chatbot ChatGPT. Per the letter ...
by

MercadoLibre launches new B2B unit to tap corporate market

SAO PAULO (Reuters) -Latin America’s largest e-commerce platform MercadoLibre announced on Monday the launch of a new business-to-business (B2B) unit, targeting corporate clients as it seeks to expand beyond its traditional consumer market. WHY IT’S IMPORTANT The move positions MercadoLibre to capture a share of ...
by

Brazil regulator sees realistic Embraer flying taxi certification in 2027

By Allison Lampert and Gabriel Araujo MONTREAL, SAO PAULO (Reuters) -Brazil’s Embraer could get certification of its electric aircraft in 2027, but the new president of the country’s aviation regulator told Reuters he would like to hit that milestone a year earlier. Embraer’s subsidiary Eve is ...
by

No casino in Manhattan after community board rejects proposed Mohegan Sun resort near United Nations

NEW YORK (AP) — There will be no casino in Manhattan after a community panel rejected a proposed Mohegan Sun resort near the United Nations headquarters. The Freedom Plaza development, which also called for hotels, retail, dining, entertainment and housing, was denied by a state-commissioned ...
by

Trump appointee to Federal Reserve calls for steeper rate cuts

WASHINGTON (AP) — President Donald Trump’s appointee to the Federal Reserve’s Board of Governors said Monday that the central bank’s key interest rate should be much lower than its current 4.1% level, staking out a position far different than his colleagues. Stephen Miran, who ...
by

US and Kazakhstan reach $4 billion locomotive deal, Lutnick says

(Reuters) -The United States and Kazakhstan have reached a $4 billion locomotive agreement, Commerce Secretary Howard Lutnick announced on Monday. The deal was made after a call between President Donald Trump and Kazakh President Kassym-Jomart Tokayev, Lutnick said in a post on X. “These locomotives ...
Loading advertisement…
by

Exxon greenlights investment for Hammerhead project in Guyana

By Sheila Dang HOUSTON (Reuters) -Exxon Mobil said on Monday that it greenlit the investment decision for its seventh development project in Guyana called Hammerhead, which is expected to begin oil and gas production in 2029.  The announcement brings an Exxon-led oil joint venture another step ...
by

Miran: Neutral rate is falling, and Fed needs to accommodate it

By Howard Schneider (Reuters) -Changes in immigration, tax and regulatory policies are set to drive down underlying interest rates in the U.S., and make current monetary policy far too restrictive for what the economy needs to keep inflation at the Fed’s 2% target, Federal Reserve ...
by

Commercial Bancgroup seeks to raise up to $104 million in rare US bank IPO

(Reuters) -Commercial Bancgroup said on Monday it plans to raise up to $104 million through an initial public offering, in what would be a rare listing by a U.S. bank. WHY IT MATTERS U.S. bank IPOs have become sparse since the 2008 financial crisis, as stricter ...
by

Office Depot parent to be acquired by Atlas Holdings for $1 billion

The ODP Corporation, which owns office supply retailers Office Depot and OfficeMax, agreed to be taken private by an affiliate of Atlas Holdings for approximately $1 billion, the companies said on Monday. Investment firm Atlas will pay $28 per share to buy ODP, which also ...
by

Argentina markets soar after US’ Bessent pledges support

By Rodrigo Campos NEW YORK (Reuters) -Argentine financial assets rallied on Monday, with U.S.-traded stocks up over 10%, international dollar bonds up more than 6 cents and the peso rallying after Washington said “all options are on the table” for the U.S. to support Argentina’s ...
by

Factbox-What and where are Russia’s frozen assets in the West?

MOSCOW (Reuters) -As much as $250 billion worth of Russian assets have been frozen in the European Union since the U.S. and its allies prohibited transactions with Russia’s central bank and finance ministry following Russia’s full-scale invasion of Ukraine in 2022. Reuters reported this week ...
First Previous293294295296297298299300301Next Last