Musk’s SpaceX to invest $1.8 billion in Florida for Starship program expansion
By Joey Roulette WASHINGTON (Reuters) – SpaceX is planning to invest at least $1.8 billion to build new Starship launchpads and processing facilities on Florida’s Space Coast, eyeing a key…
Explainer-What is Elon Musk’s DOGE? How much money has it saved US taxpayers?
By Tim Reid WASHINGTON (Reuters) – U.S. President Donald Trump is expected to boast about his sweeping cuts to the federal bureaucracy during an address to a joint session of…
Tariffs would need to be in place for years to alter US-Canada crude flows, Enbridge says
By Amanda Stephenson CALGARY (Reuters) -Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern…
Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing
By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave’s revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the startup…
Eyeing the Pacific, Lockheed unveils low-cost $150,000 cruise missile
WASHINGTON (Reuters) – Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles (800 km)…
Pfizer could use existing US manufacturing to counter potential tariff hit
By Christy Santhosh (Reuters) -Pfizer CEO Albert Bourla said on Monday the drugmaker might move overseas manufacturing to its existing plants in the United States, if required, as the Trump…
Tesla rises 2% as Morgan Stanley backs AI, robotics efforts with ‘top pick’ status
By Kanchana Chakravarty and Aditya Soni (Reuters) – Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company’s…
Fox CEO expects new streaming service to attract users in mid-single-digit millions
(Reuters) – Fox Corp’s upcoming subscription streaming service is expected to draw subscribers in the mid-single-digit millions range, CEO Lachlan Murdoch said on Monday at the Morgan Stanley Technology, Media…
Wells Fargo drops financed emissions target amid ESG rethink
(Reuters) – Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities. The goals had relied on…
Amazon’s Wondery podcast unit trims jobs
By Greg Bensinger (Reuters) – Amazon.com cut “a small number” of jobs at its Wondery podcast unit, known for “Dr. Death” and “Business Wars,” the company said in a statement…