By Pesha Magid RIYADH (Reuters) – The Trump Organization plans to build a Trump Tower in the Saudi capital Riyadh as part of a real estate expansion in the region including in the Emirati capital Abu Dhabi, Eric Trump, the U.S. president-elect’s son told Reuters on Thursday. Outlining two new projects in Riyadh in partnership…
Investing.com — KeyBanc downgraded T-Mobile US Inc (NASDAQ:TMUS) to “sector weight” from “overweight,” citing stretched valuation and concerns over the company’s growth trajectory in a shifting competitive landscape. The brokerage noted T-Mobile’s leadership in wireless market share over the past decade and the accretive nature of its FWA business. However, it flagged the expansion into fiber…
Investing.com — Riot Platforms (NASDAQ:RIOT) shares surged 12% on Thursday following a Wall Street Journal report that activist investor Starboard Value has taken a significant stake in the bitcoin miner and is pushing for strategic changes. Starboard is pushing Riot to repurpose some of its bitcoin-mining facilities to serve large-scale data center users, known as…
(Reuters) – Tesla (NASDAQ:TSLA) CEO Elon Musk’s net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX. Musk is Tesla’s largest shareholder with about a 13% stake in the company. The…
By David Shepardson WASHINGTON (Reuters) – The head of the Federal Aviation Administration who has overseen the agency’s response to significant safety issues at Boeing (NYSE:BA) since a mid-air emergency in January will step down on Jan. 20, the agency said Thursday. FAA Administrator Mike Whitaker, who was confirmed to a five-year term in October…
By Andres Gonzalez LONDON (Reuters) -Spanish utility Iberdrola (OTC:IBDRY) is planning to sell its smart metering business in the UK and has lined up advisers, according to three sources with knowledge of the situation. Iberdrola is looking to raise around 1 billion pounds ($1.27 billion), one of the people said. The sources, speaking on condition…
(Reuters) – There is a 59% chance of La Nina emerging from November 2024 to January 2025, with a transition to ENSO-Neutral most likely by March-May 2025, a U.S. government forecaster said on Thursday. La Nina is a phenomenon characterized by unusually cold ocean temperatures in the equatorial Pacific region and is linked to floods…
Kate Knibbs Business Dec 12, 2024 9:06 AM Harvard Is Releasing a Massive Free AI Training Dataset Funded by OpenAI and Microsoft The project’s leader says that allowing everyone to access the collection of public-domain books will help “level the playing field” in the AI industry. Photograph: Getty Images Harvard University announced Thursday it’s releasing…
By Foo Yun Chee BRUSSELS (Reuters) – A return to the format of 10 blue links in search results from years ago could reduce user traffic to hotels, Google said on Thursday, as it seeks to balance demands from price comparison websites and hotels in trying to comply with EU tech rules. The Alphabet (NASDAQ:GOOGL)…
WASHINGTON (Reuters) – U.S. producer prices rose more than expected in November amid a surge in the cost of food, but a moderation in the prices of services offered hope that the disinflationary trend remains in place. The producer price index for final demand jumped 0.4% last month after an upwardly revised 0.3% increase in…
