WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday that he has asked the Justice Department to investigate meat packing…
Category: Uncategorized
Banks lend $18 billion for Oracle-tied data center project, Bloomberg News reports
(Reuters) -A consortium of around 20 banks is providing a project finance loan of about $18 billion to support the…
Fed’s Miran: Stablecoin adoption could put downward pressure on interest rates
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up…
ESPN taps DraftKings as sports-betting partner after ending PENN deal
By Jaspreet Singh (Reuters) -ESPN signed a new deal making DraftKings its official sportsbook and odds provider, after ending a…
Ripple says ‘skinny’ Fed master account is attractive despite limitations
By Hannah Lang (Reuters) -Crypto giant Ripple supports the idea of a “skinny” Federal Reserve payments account for non-banks, which…
OpenAI discussed government loan guarantees for chip plants, not for data centers, CEO Altman says
(Reuters) -OpenAI has spoken with the U.S. government about possible loan guarantees to support the construction of chip factories in the…
Starlink signs landmark global direct-to-cell deal with Veon as satellite-to-phone race heats up
By Gianluca Lo Nostro and Leo Marchandon (Reuters) -Elon Musk’s Starlink, a subsidiary of SpaceX, secured its largest direct-to-cell deal…
Elf Beauty shares slump after annual sales forecast comes below estimates
(Reuters) -Elf Beauty forecast annual sales and profit below Wall Street estimates on Wednesday, as the cosmetics-maker grapples with rising…
Qualcomm forecasts first-quarter results above estimates as AI drives smartphone upgrades
By Stephen Nellis and Arsheeya Bajwa SAN FRANCISCO (Reuters) -Chip designer Qualcomm on Wednesday forecast fiscal first-quarter sales and profit…
Fed finalizes revised standard for grading big banks
WASHINGTON (Reuters) -The U.S. Federal Reserve announced on Wednesday it had finalized a revised framework for how it grades large…