(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s
Category: Business
Nvidia briefly on track to become world’s most valuable company ever
By Noel Randewich and Shashwat Chauhan (Reuters) -Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it on track to become the
Exclusive-BRICS to launch guarantee fund to boost investment in member nations, sources say
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) -The BRICS group of developing nations is set to announce a new guarantee fund backed by the
US net imports of crude soar last week to highest in a year, EIA says
HOUSTON (Reuters) -U.S. net imports of crude oil rose to 4.6 million barrels per day (bpd), its highest since June 2024, data from the Energy
Ripple applies for US national bank charter as crypto eyes next frontier
(Reuters) -Crypto firm Ripple is applying for a national bank charter in the U.S., its CEO Brad Garlinghouse wrote in a social media post on
Robinhood launches tokens allowing EU users to trade in US stocks
By Niket Nishant and Manya Saini (Reuters) -Robinhood said on Monday it has launched tokens that will allow its customers in the European Union to
Mastercard, Visa’s merchant fees breach competition law, UK tribunal rules
LONDON (Reuters) -Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on
Meta seeks $29 billion from private capital firms for AI data centers, FT reports
(Reuters) -Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers, the Financial Times reported on Friday.
Novo Nordisk shares fall as obesity pipeline faces investor scrutiny
By Maggie Fick and Stine Jacobsen LONDON/COPENHAGEN (Reuters) -Shares in Novo Nordisk fell as much as 3.5% on Monday after detailed trial data on its
Meta partners with sports eyewear brand Oakley to launch AI-powered glasses
(Reuters) -Meta said on Friday it has teamed up with Oakley to release AI-powered smart glasses, expanding its push into wearable tech after the success