By Medha Singh, Noel Randewich (Reuters) -Crypto stocks, gun stocks and shares of other companies that could benefit from a Donald Trump presidency jumped on Monday after an assassination attempt on the Republican candidate boosted expectations he would win the November election. Trump’s survival after he was shot in the ear during a rally in […]

WASHINGTON (Reuters) -Billionaire Elon Musk, who has been ramping up criticism of U.S. President Joe Biden, has donated to a political group working to elect rival presidential candidate Donald Trump, Bloomberg reported on Friday, citing sources. The report did not indicate how much Musk donated but added it was “a sizable amount” given to a […]

By Sabrina Valle (Reuters) -Oil producers Chevron Corp and Hess Corp expect the U.S. Federal Trade Commission will review their proposed merger in the third quarter, the companies said in a statement on Thursday. Bloomberg News reported earlier on Thursday the FTC planned to delay its decision on whether to block Chevron’s $53-billion takeover of […]

By Suzanne McGee (Reuters) -Goldman Sachs Asset Management (GSAM) executives expect the U.S. economy to grow at a slower clip of about 2% in the second half of 2024, they said on Tuesday, with equity indexes seen largely flat due to declining earnings growth and political anxieties. That makes the investment landscape more complex, but […]

By Akash Sriram (Reuters) -Lucid Group reported second-quarter deliveries above market expectations on Monday, as price cuts helped boost demand for its luxury electric sedans. Demand for electric vehicles has grown at a slower-than-expected pace in the past year, pressured by high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives. EV market leader […]

By Scott DiSavino (Reuters) -Oil prices gained about 2% to a two-month high on Monday on hopes of rising demand during the Northern Hemisphere’s summer driving season and worries that conflict in the Middle East could spread and reduce global oil supplies. Brent futures rose $1.60, or 1.9%, to settle at $86.60 per barrel, while […]

By Supantha Mukherjee STOCKHOLM (Reuters) – Nokia’s bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog […]

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The yen sank to its lowest against the U.S. dollar in nearly 38 years on Wednesday, as wide interest rate differentials between the two economies in favor of the greenback continued to pummel the Japanese unit, keeping traders on alert for any sign of intervention from Japan to […]

By Echo Wang (Reuters) -KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it launched its predecessor fund of similar size. The New York-based firm, which had $578 billion in assets under management as of the end […]