Tesla says it can be a target to retaliatory tariffs
(Reuters) – Elon Musk’s Tesla said in a letter to the US trade representative Jamieson Greer that President Donald Trump’s trade war could make it a target for retaliatory tariffs…
Adobe beats first-quarter revenue estimates on strong software demand
(Reuters) -Adobe beat Wall Street expectations for first-quarter revenue on Wednesday, benefiting from strong spending on its portfolio of design products that boast artificial intelligence features. The company reported revenue…
AI to fuel bumper year for M&A in US power sector
By David French, Isla Binnie and Mrinalika Roy (Reuters) – Dealmakers expect 2025 to be a bumper year for mergers and acquisitions in the U.S. power industry, with a voracious…
Blackstone evaluates options for Reese Witherspoon’s Hello Sunshine, sources say
(Reuters) – Blackstone is exploring options for Hello Sunshine, one of the best-known assets in the portfolio of its Hollywood media company, Candle Media, including the possibility of combining it…
JPMorgan downgrades South African equities on economic slowdown concerns
(Reuters) -J.P.Morgan on Tuesday downgraded South African equities to “neutral” from “overweight,” citing concerns over an economic slowdown and the effectiveness of the country’s policy reforms. “While South Africa’s investment…
Measles cases in Texas, New Mexico rise by 28 in five days as outbreak spreads
By Bhanvi Satija (Reuters) – Texas and New Mexico on Tuesday reported an increase of 28 cases of measles in the last five days, bringing the total known infections to…
US job openings rise, layoffs low before Trump policy shifts
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings increased in January, but demand for labor is likely to soften in the months ahead amid concerns that uncertainty over import tariffs…
OpenAI launches new developer tools as Chinese AI startups gain ground
(Reuters) – OpenAI launched new tools for developers on Tuesday that will help them build advanced AI agents, using a few application programming interfaces (APIs), amid growing competition from Chinese…
Uber terminates Foodpanda Taiwan acquisition, to pay about $250 million termination fee
(Reuters) -Uber has decided to terminate its agreement to acquire Delivery Hero’s Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company…
Exclusive-Bank of America eliminates some investment banking roles, including in New York
By Svea Herbst-Bayliss and Saeed Azhar NEW YORK (Reuters) – Bank of America eliminated some investment banking roles on Monday, including in New York, according to three sources familiar with…