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Americans love their iPhones (though sometimes they wish they could live without them)

SAN FRANCISCO (AP) - The American obsession with the iPhone is complicated, as most love-hate relationships are. It sometimes seems like a talisman so magical that we can't fathom living without all the pleasures and conveniences that it bestows almost anytime or anywhere. The iPhone, ...
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Trump’s proposed ‘Golden Dome’ estimated to cost $1.2 trillion, far more than he initially said

WASHINGTON (AP) - President Donald Trump's plan to put weapons in space - pitched as a "Golden Dome for America" missile defense program - is estimated to cost $1.2 trillion over a 20 year period, according to a new analysis from the Congressional Budget ...
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Deal reached with hackers to delete data stolen from the Canvas educational platform

The company that operates online learning system Canvas said it struck a deal with hackers to delete the data they pilfered in a cyberattack that created chaos for students, many of them in the middle of finals. Instructure, the parent company of Canvas, said ...
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US stock futures hold losses after April inflation data

May 12 (Reuters) - U.S. stock index futures held on to their losses on Tuesday as investors assessed April inflation data and its impact on the Federal Reserve's monetary policy path. A Labor Department report showed the Consumer Price Index rose 3.8% on a yearly ...
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Online seller eBay rejects GameStop’s $56 billion takeover offer

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal "neither credible or attractive." Ryan Cohen's GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle to compete with online retail ...
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Inflation report to show latest prices as fuel costs surge amid Iran war

(NEW YORK) -- An inflation report on Tuesday will provide a fresh gauge of prices as the Iran war ratchets up costs for gasoline, airfares and other expenses.Economists expect consumer prices to have risen 3.8% in April, when a surge in gasoline costs took ...
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Peltz’s Trian in talks to raise funds for bid to take Wendy’s private, FT reports

May 12 (Reuters) - Activist investor Nelson Peltz's Trian Fund Management is seeking investor backing for a bid to take fast-food chain Wendy's private, the Financial Times reported on Tuesday, citing people familiar with the matter. Reuters could not immediately confirm the report. Wendy's and ...
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Morning Bid: Peace talks stutter

A look at the day ahead in European and global markets from Ankur Banerjee Markets are stuck in a loop of hope and despair as talks to end the war in the Middle East remain deadlocked, with the latest setback sending oil prices higher, ...
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Vanguard targets doubling European assets to $1 trillion by 2030

By Iain Withers LONDON, May 12 (Reuters) - Vanguard will expand its product range for everyday investors in Europe, aiming to roughly double its regional assets to $1 trillion within five years and become Britain's biggest retail investment platform, its head of Europe told Reuters. The ...
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Factbox-A Trump-Xi deal could revive US energy exports to China

By Sam Li and Lewis Jackson BEIJING, May 12 (Reuters) - U.S. President Donald Trump will arrive in Beijing this week for a summit with President Xi Jinping on May 14 to 15, where U.S. officials say a deal for Beijing to buy more U.S. ...
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Norway faces dilemma on openness in wealth fund ethical divestments, finance minister says

By Gwladys Fouche OSLO, May 12 (Reuters) - When Norway's $2.2 trillion wealth fund - the world's largest - sells a company's shares over ethical concerns, should it explain why? This seemingly simple question has become a dilemma for its guardians, the finance minister told ...
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Siemens Energy accelerates share buyback after Q2 cash flow jumps

FRANKFURT, May 12 (Reuters) - Siemens Energy will accelerate its standing share buyback programme after posting a 42% increase in pre-tax free cash flow, the company said on Tuesday, benefitting from demand for data centres to power artificial intelligence technology. The company, which released preliminary ...
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