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Western Digital adds $4 billion to buyback plan as AI boosts memory chip sales
Feb 3 (Reuters) – Western Digital said on Tuesday its board has approved $4 billion more for share repurchases, as demand for its memory chips used in artificial intelligence servers surges. Its shares rose about 5% in premarket trading, adding to a 57% jump this year. The shares had more than tripled in value last […]
Space stocks jump after Musk’s SpaceX-xAI merger
U.S. space stocks rose after Elon Musk announced a SpaceX-xAI merger, betting on AI infrastructure and computing in space.
Disney taps parks head Josh D’Amaro as CEO to lead post-Iger era
Disney named theme parks chief Josh D’Amaro as CEO, succeeding Bob Iger as AI, labor talks and industry consolidation loom.
Henrico-based Arko launches IPO of petroleum subsidiary, seeks up to $910M
Henrico County-based Fortune 500 company Arko is seeking a valuation of as much as $910 million in its U.S. IPO of subsidiary Arko Petroleum.
Global stock index edges down, silver and oil extend losses
NEW YORK/ LONDON, Feb 2 (Reuters) – MSCI’s global equities gauge edged lower on Monday, with Wall Street providing a boost while the dollar rose and investors dealt with a deepening selloff in precious metals ahead of a week packed with corporate earnings, central bank meetings and major economic data. Also on Monday, crude oil […]
January jobs report delayed by partial government shutdown
January’s U.S. jobs report will be delayed as a partial federal government shutdown halts Labor Department operations.
US Federal Trade Commission warns law firms about DEI hiring
Jan 30 (Reuters) – The U.S. Federal Trade Commission said on Friday it had written to 42 law firms warning them about diversity, equity, and inclusion hiring, which it described as potentially unfair and anticompetitive. President Donald Trump’s administration has eliminated DEI-related programs in the government. Several private firms have also rolled back such initiatives. […]
Tesla climbs as SpaceX merger talks fuel Musk empire consolidation hopes
Jan 30 (Reuters) – Shares of Tesla jumped nearly 5% on Friday after reports that SpaceX was in deal talks with Elon Musk’s other companies stoked investor hopes that the billionaire’s tech empire could be unified further. SpaceX is in discussions to merge with Musk’s AI startup, xAI, ahead of a blockbuster public offering planned […]
Trump calls rate questions on Fed nominee Warsh inappropriate, confident on cuts
Trump said it would be inappropriate to press Fed chair nominee Kevin Warsh on rate cuts but said he favors lower borrowing costs.
Trump picks former Fed official Warsh to run Fed
Trump nominated former Fed governor Kevin Warsh to succeed Jerome Powell, raising questions about Fed independence and rates.
