By Amanda Cooper LONDON (Reuters) -Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia the world’s most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year. MSCI’s All-World index was up 0.15% at 805.12, having…
By Josh Smith and Ju-min Park SEOUL (Reuters) -Russian President Vladimir Putin signed a deal with North Korea’s Kim Jong Un on Wednesday that included a mutual defence pledge, one of Russia’s most significant moves in Asia for years that Kim said amounted to an “alliance”. Putin’s pledge overhauls Russia’s entire post-Soviet policy on North…
By David Shepardson WASHINGTON (Reuters) -The chair and top Democrat on the House select committee on China will announce Tuesday they are launching a bipartisan working group to reduce China’s dominance of critical mineral supply chains. Representative John Moolenaar, the committee chair, and Raja Krishnamoorthi, the top Democrat, said the new working group will help…
By Lewis Krauskopf NEW YORK (Reuters) – Nvidia has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. Nvidia shares rose about 3% on Tuesday, giving it a market value of about $3.33 trillion….
(Reuters) – Apple has suspended work on its next high-end Vision headset, the Information reported on Tuesday, citing an employee at a manufacturer that makes key components for the Vision Pro. The iPhone maker is still working on releasing a more affordable Vision product with fewer features before the end of next year, the report…
By Gram Slattery RACINE, Wisconsin (Reuters) – Donald Trump holds a rally in Racine, Wisconsin, on Tuesday, where he will slam Democratic President Joe Biden’s handling of the economy, even as a major local factory that Trump broke ground on six years ago has proven to be a flop. The Republican former president was in…
(Reuters) – ** Shares of Apple Inc climbs 2.1% with the iPhone maker on track to close with a market cap of $3.33 trln, more than any company in history, with Microsoft and Nvidia both close behind ** AAPL now up ~10% since June 7, just before the co unveiled a long-awaited AI strategy, integrating…
By Brendan Pierson (Reuters) – The U.S. state of Kansas on Monday sued Pfizer, accusing the company of misleading the public about its COVID-19 vaccine by hiding risks while making false claims about its effectiveness. In a lawsuit filed in the District Court of Thomas County, the state said the New York-based drugmaker’s alleged false…
By Ann Saphir (Reuters) -U.S. Federal Reserve Chair Jerome Powell is scheduled to give his semiannual testimony on monetary policy on July 9 at the Senate Banking Committee, the office of Senator Sherrod Brown, the committee’s chair, said on Monday. If scheduling proceeds as it has historically, Powell would deliver the same testimony at the…
By David French (Reuters) – Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter. Growing U.S. energy consumption has raised demand for pipeline capacity. Any deal would test…
