The White House's sudden exit from fiscal stimulus talks with Democrats in Congress has added another level of doubt to a U.S. economic recovery that already seemed to be weakening, choking off perhaps US$1.5 trillion or more in future income and spending.
A scathing report detailing abuses of market power by four top technology companies suggests a tough road ahead of new rules and stricter enforcement for Big Tech should Democratic presidential candidate Joe Biden win the White House.
Activist investor Dan Loeb on Wednesday urged Walt Disney Co to stop its dividend payment and redirect the money to make more content.
Tesla Inc has a chance at producing 500,000 cars this year, Chief Executive Officer Elon Musk told employees, according to an internal mail viewed by Reuters.
Tesla Inc has a chance at producing 500,000 cars this year, Chief Executive Officer Elon Musk told employees, according to an internal mail viewed by Reuters.
Online marketplace Etsy Inc is removing all QAnon merchandise from its site, a spokeswoman told Reuters on Wednesday, the latest in a series of platform crackdowns on the unfounded and sprawling conspiracy theory. WHAT IS QANON?
U.S. House Speaker Nancy Pelosi has asked Treasury Secretary Steven Mnuchin on Wednesday to review a standalone bill for US$25 billion in aid to airlines that Democrats tried to advance last week, her spokesman wrote on Twitter.
Hedge fund Sachem Head Capital Management has built a US$1.2 billion stake in Elanco Animal Health Inc and plans to push for changes at the company that makes medicines and vaccinations for pets and livestock, a person familiar with the matter said on Wednesday.
SINGAPORE: The parent of Malaysia Airlines has warned leasing companies that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters. The warning from Malaysia Aviation ...
ZURICH: The wealth of the world's dollar billionaires reached record heights despite the global COVID-19 crisis, notably thanks to a strong comeback by tech and health giants, said a report published Wednesday (Oct 7). By the end of July, the cumulative wealth of billionaires stood at around US$10 ......
