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China signals tariff cuts, advances in farm market access after Trump-Xi summit

By Ella Cao and Lewis Jackson BEIJING, May 16 (Reuters) - China and the United States have agreed to expand agricultural trade through tariff reductions and tackle non-tariff barriers and market access issues, China's commerce ministry said on Saturday after this week's summit in Beijing. The ...
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Drones, bullets and cartel warfare fuel an invisible displacement crisis in Mexico

TULA, Mexico (AP) - When bombs fell from the sky and bullets ricocheted off her concrete floors, 74-year-old María Cabrera and her family fled into the night-cloaked mountains of central Mexico with only the clothes on their backs. A week later, Cabrera picks through the ...
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BlackRock weighs multibillion-dollar investment in SpaceX IPO, the Information reports

May 16 (Reuters) - BlackRock has discussed investing $5 billion to $10 billion in SpaceX's initial public offering next month, the Information news outlet reported on Saturday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Anusha Shah ...
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Ackman, Loeb take different routes on tech bets in early 2026

By Svea Herbst-Bayliss NEW YORK, May 15 (Reuters) - Two of Wall Street's most closely watched billionaire stock pickers, both once voluble activist investors, took opposite tacks this year when Bill Ackman bet on Microsoft and exited Google parent Alphabet and Daniel Loeb did the ...
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Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy’s under new CEO

OMAHA, Neb. (AP) - Berkshire Hathaway more than tripled the size of its investment in Google's parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the ...
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Consumers sue Amazon for not refunding Trump tariff costs

By Nate Raymond May 15 (Reuters) - Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S. Supreme Court later concluded had been unlawfully imposed by ...
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SpaceX shareholders approve 5-for-1 stock split, Bloomberg News reports

May 15 (Reuters) - A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company's board, Bloomberg News reported on Friday, citing people familiar with the matter. Shareholders of IPO-bound SpaceX were informed via email that the stock's fair ...
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YouTube, Snap settle school district’s social media addiction claims

By Diana Novak Jones and Nate Raymond May 15 (Reuters) - Alphabet's YouTube and Snap have reached settlements in the first case set for trial in litigation seeking to force social media platforms to cover the costs school districts incur to combat a youth mental ...
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FIFA finally seals World Cup broadcast deal in China at just $60M

GENEVA (AP) - FIFA finally sealed a World Cup broadcast rights deal for China on Friday, just 27 days before the opening game and at a much lower reported price than the soccer body wanted. The overall agreement with China Media Group covered the next ...
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Tech CEOs summoned to Congress for another hearing on social media’s risks for children

Social media CEOs once again are being called to testify before the Senate in light of mounting legal and public pressure to protect young users on their platforms. The leaders of Meta, Alphabet, TikTok and Snap were invited to testify next month before the Senate ...
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US, Brazil see jump in ethanol exports as consumers seek to boost fuel supplies

By Marcelo Teixeira NEW YORK, May 15 (Reuters) - The United States and Brazil, the two largest producers of ethanol, are looking at a jump in exports of the biofuel this year due to movements by several consuming countries to increase their sources of fuels ...
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Markets begin eyeing a Fed rate hike around the turn of the year

May 15 (Reuters) - After a run of hotter-than-expected inflation data this week, investors on Friday ramped up bets that the U.S. Federal Reserve will shift into interest-rate hiking mode perhaps before the year is out, presenting a potential policy dilemma out of the ...
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