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Larry Summers resigns from Santander’s advisory board, spokesperson says

MADRID (Reuters) -Former U.S. Treasury Secretary Larry Summers has resigned from Santander's international advisory board he currently chaired, a Santander spokesperson said on Wednesday. His resignation comes several days after the U.S. Congress released documents that showed Summers shared a close relationship with the late ...
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Saudi PIF, SITE, Microsoft sign MOU to explore delivery of sovereign-cloud services in kingdom

CAIRO (Reuters) -Saudi Arabian sovereign wealth fund the Public Investment Fund, Saudi information technology company SITE and Microsoft signed a memorandum of understanding to explore the delivery of Microsoft's sovereign-cloud services in the kingdom, the Saudi fund said in an X post on Wednesday. ...
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Nvidia earnings will shed a light on whether Big Tech is fueling an AI boom or bubble

SAN FRANCISCO (AP) - Computer chipmaker Nvidia is poised to release a quarterly earnings report Wednesday that is expected to either deepen a recent downturn in the stock market or prompt an sigh of relief among investors increasingly worried that the world's most valuable ...
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Trump nominates new CFPB director, but White House says agency is still closing

NEW YORK (AP) - President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a legal maneuver to keep his budget director Russell Vought as acting director of the bureau while the Trump administration continues on ...
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Exclusive-Trump’s semiconductor tariff plan likely delayed, officials say

By Laurie Chen, Trevor Hunnicutt and Jeffrey Dastin WASHINGTON (Reuters) -U.S. officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece of President Donald Trump's economic agenda. Officials relayed these messages over the last several days to stakeholders in ...
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Novartis to build manufacturing hub in North Carolina, creating 700 jobs

ZURICH (Reuters) -Novartis will expand its operations in North Carolina and build a manufacturing hub there as part of a planned $23 billion of U.S. infrastructure investment over the next five years, the Swiss pharmaceuticals company said on Wednesday. The expansion is projected to create ...
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Fed cut rates amid policymakers’ caution about inflation, minutes show

By Howard Schneider WASHINGTON (Reuters) -A divided Federal Reserve cut interest rates last month even as policymakers cautioned that lower borrowing costs could risk undermining the fight to quell inflation that has been above the U.S. central bank's 2% target for four and a half ...
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UK to ban the resale of tickets for profit to protect fans

LONDON (Reuters) -Britain said on Wednesday it would ban the resale of tickets to concerts, sport and other live events for profit, disrupting ticket touts and the platforms that benefit from their activities. Culture Secretary Lisa Nandy said touts were ripping off fans by ...
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Investors pull record $523 million from BlackRock’s flagship bitcoin ETF

By Manya Saini and Niket Nishant (Reuters) -Investors pulled roughly $523 million from BlackRock's flagship iShares Bitcoin Trust on Tuesday, according to data from Farside Investors, marking the fund's largest single-day withdrawal since its launch. Bitcoin, a bellwether for crypto markets, fell below $90,000 this ...
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Nvidia earnings captivate investors as fears of AI bubble grow

(NEW YORK) -- Financial results to be released on Wednesday by chipmaking-giant Nvidia will be closely watched as a bellwether for the stock market and the overall economy, which have both come to rely on massive spending on artificial intelligence to propel continued growth.The ...
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US, Saudi tout new business deals at investment forum

By David Shepardson WASHINGTON (Reuters) -Saudi and U.S. officials on Wednesday touted billions in new investments and growing financial ties between the two countries coinciding with Saudi Arabian Crown Prince Mohammed bin Salman's visit to Washington. The CEOs from Chevron, Qualcomm, Cisco, General Dynamics and Pfizer ...
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Chile’s SQM expects 25% lithium demand growth in 2025

SANTIAGO (Reuters) -Executives from Chilean lithium producer SQM on Wednesday said they expect lithium demand this year to reach over 1.5 million metric tons, representing 25% growth from 2024. In addition, CEO Ricardo Ramos said the company expects a planned lithium joint venture with Chile's ...
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