By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank in[...]
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NEWSLETTER
Elon Musk’s AI Firm X.AI Rockets Toward $18B Valuation: Report
Elon Musk’s artificial intelligence startup X.AI Corp. is poised to conclude its funding round this week with a valuation of roughly $18 billion. According to a Bloomberg report, the exact size[...]
Read moreElon Musk Says There Should Be More To Life Than Just ‘Solving One Problem After Another:’ ‘If You Ask A Kid Anywhere Around The World…’
Tesla Inc. CEO and SpaceX co-founder Elon Musk thinks human life has a greater value to it than just thinking about “solving one problem after the other.” What Happened: Speaking at the Mi[...]
Read moreWarren Buffett Was Right! America’s Billionaires Now Pay Lower Tax Rate Than Working Class For First Time Ever, New Analysis Shows
The richest Americans today manage to maintain their wealth largely due to comparatively lower tax rates, with recent reports suggesting that the effective tax rates of the super-rich now lag behind t[...]
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Robinhood Crypto gets Wells notice from US SEC
(Reuters) -Retail trading platform Robinhood Markets said on Monday it received an enforcement action notice from the U.S. Securities and Exchange Commission (SEC) on May 4 over crypto tokens traded o[...]
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Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Elon Musk’s carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name “Tesla Pow[...]
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US greenlights Exxon-Pioneer deal, alleges shale founder colluded with OPEC
By Sabrina Valle and Liz Hampton HOUSTON (Reuters) -U.S. regulators gave the go-ahead on Thursday to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s f[...]
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Marriott boosts full-year profit view after mixed Q1 results
By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Hotel operator Marriott International raised its forecast for annual adjusted profit on Wednesday after mixed first-quarter results, banking on inter[...]
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Walmart to shut all health clinics in US over lack of profitability
(This April 30 story has been refiled to say that the clinics will shut within 45 days to 90 days, not 30 days to 90 days in paragraph 17) By Siddharth Cavale and Granth Vanaik (Reuters) – Walma[...]
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