Gold sails above $3,100 to uncharted territory as US tariffs approach
By Anjana Anil and Anushree Mukherjee (Reuters) – Gold prices soared to record levels above $3,100 per ounce in a rally marking one of the most significant upswings in the…
IMF’s Georgieva: Recession not on the horizon despite tariff worries
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump’s push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger…
OpenAI plans to release open-weight language model in coming months
(Reuters) – OpenAI is planning to release its first open-weight language model with reasoning capabilities since GPT‑2 in the coming months, CEO Sam Altman said on Monday. The company will…
Lockheed Martin clinches $4.94 billion US Army missile contract
(Reuters) – Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike Missiles (PrSM). Defense companies are seeing…
Google to pay $100 million to settle advertisers’ class action
By Jonathan Stempel (Reuters) – Google has agreed to pay $100 million in cash to settle a long-running lawsuit claiming it overcharged advertisers by failing to provide promised discounts and…
Exclusive-Buyout, aerospace firms close in on $8 billion-plus Boeing navigation unit, sources say
By Milana Vinn, Dan Catchpole and Mike Stone (Reuters) – Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing’s Jeppesen…
Johnson & Johnson unit ordered to pay $1.64 billion in HIV drug marketing case
By Jonathan Stempel (Reuters) – A federal judge ordered a Johnson & Johnson unit on Friday to pay the U.S. government $1.64 billion after a jury found it liable in…
Exclusive-Fed’s Daly: Inflation progress has been flat, dents confidence in rate cut view
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said inflation data published earlier in the day confirms her decreased confidence in her baseline expectation that two…
Trump EPA invites companies to seek exemptions from air rules by email
WASHINGTON (Reuters) – The Trump administration invited companies to email the Environmental Protection Agency to seek presidential exemptions from nine clean-air regulations, including mercury limits for power plants and limits…
US beef sales to China skid after Beijing lets export registrations lapse
By Tom Polansek CHICAGO (Reuters) – U.S. beef sales to China have taken a dive, U.S. government data showed on Thursday, after Beijing allowed the expiration of registrations that had…