Sign In
Free Newsletter
Trump blocks defense company payouts until arms production speeds up
President Trump says defense contractors should halt dividends and buybacks until weapons production speeds up.
US says it needs to control Venezuelan oil sales indefinitely to drive change
The U.S. aims to control Venezuela’s oil sales and revenue indefinitely to stabilize its economy and rebuild production.
JPMorgan’s asset management arm to end use of proxy advisers in US, memo shows
Jan 7 (Reuters) – JPMorgan Chase’s asset management division no longer plans to use proxy advisers in the U.S., according to an internal memo seen by Reuters on Wednesday, a move the bank described as an industry first. Conservatives and some business leaders have for years leveled complaints about proxy advisers and[...]
Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, CNBC reports
U.S. to buy Venezuelan oil indefinitely and roll back sanctions under new deal, beginning with more than 50 million barrels, CNBC reports.
Aktis Oncology secures Lilly as anchor investor for upsized US IPO
Jan 7 (Reuters) – Cancer drug developer Aktis Oncology said on Wednesday it was targeting a valuation of up to $945.4 million in its upsized initial public offering, signaling strong investor demand for 2026’s first U.S. listing. The Boston, Massachusetts-based company has also drawn in Eli Lilly to anchor the IPO, w[...]
US private payrolls miss expectations in December
WASHINGTON, Jan 7 (Reuters) – U.S. private payrolls rebounded less than expected in December, the ADP’s national employment report showed on Wednesday. Private employment increased by 41,000 jobs last month after a revised decrease of 29,000 in November. Economists polled by Reuters had forecast private employment wo[...]
Caracas, Washington in talks to export Venezuelan oil to US, sources say
HOUSTON/WASHINGTON, Jan 6 (Reuters) – Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid d[...]
Venezuela loads oil only for Chevron as PDVSA exports stall
Venezuela is exporting crude only to Chevron as PDVSA cargoes for China remain halted amid a U.S. tanker blockade.
Hyundai Motor Group plans to deploy humanoid robots at US factory from 2028
LAS VEGAS, Jan 5 (Reuters) – Hyundai Motor Group plans to deploy humanoid robots at its U.S. manufacturing plant in Georgia starting in 2028, marking a step toward automating higher-risk and repetitive manufacturing tasks, the South Korean company said. Hyundai unveiled the production version of the Atlas humanoid robot, d[...]
Nvidia says next-gen Rubin AI chips in full production
Nvidia CEO Jensen Huang says the new Rubin chip platform delivers up to five times more AI computing power.
Ford reports its best quarter and yearly U.S. sales since 2019
Ford Motor Co. reported strong U.S. sales results for the fourth quarter and the full year, crediting the gains to a wide-product lineup offering various trim levels and powertrains to meet a range of customer needs and pocketbooks. Ford reported on Jan. 6 that it had its best annual sales and fourth quarter performance since [&[...]
US auto sales defy regulatory uncertainty to rise 2% in 2025, analysts forecast
DETROIT, Jan 5 (Reuters) – Sales of new cars in the United States rose about 2% in 2025, analysts estimate, defying extraordinary disruptions all year in an industry where “black swan” events have become routine. Several automakers on Monday reported strong December sales to close out the year. Toyota Motor not[...]
