Editor

Tesla jumps as possible tariff leeway, lower share price draw investors

By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2. Traders also took advantage of the near 40% decline in the stock so far this year to buy into the EV maker. The tariff optimism set off a rally on Wall Street, with technology stocks … Read more…

Airbus says it is in defence and space talks amid spending surge

TOULOUSE, France (Reuters) -Airbus is in discussions with European nations on new defence and space orders as the continent increases spending and is seeing an improvement in supply chains for its core jetliner business, senior executives said at a company event on Monday. WHY IT’S IMPORTANT European nations are interested in space assets in part to replace Elon Musk’s Starlink, as well as aerospace assets including strategic airlift, he added. KEY QUOTES “I think you’re … Read more…

US business activity rises in March, but sentiment deteriorates further

By Lucia Mutikani WASHINGTON (Reuters) – U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year. The survey from S&P Global on Monday also showed a measure of prices paid by businesses for inputs surging this month to the highest level in nearly two years, with increases in both manufacturing and services industries. Companies … Read more…

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US scraps sanctions on Tornado Cash, crypto ‘mixer’ accused of laundering North Korea money

By Hannah Lang (Reuters) – The U.S. Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of helping launder more than $7 billion for North Korean and other cyber hackers. The Treasury Department’s Office of Foreign Assets Control blacklisted Tornado Cash in 2022 after concluding it was helping launder the proceeds of cyber crimes, including more than $455 million stolen … Read more…

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Barclays beats two lawsuits in US over $17.7 billion issuance blunder

(Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ iPath Series B S&P 500 VIX Short-Term Future exchange-traded notes (“VXX”) could not sue over general assurances the bank made about its internal controls even as it issued the notes without the required … Read more…

Yahoo strikes deal to sell TechCrunch to investment firm

(Reuters) – Yahoo has signed a deal to sell its 20-year-old technology news website, TechCrunch, to media investment firm Regent, the companies said on Friday. TechCrunch, a popular online platform providing news and analysis on global tech companies, startups and entrepreneurs, was among the media assets of Verizon Communications, including Yahoo. In 2021, private equity firm Apollo Global Management acquired the media assets for $5 billion, subsequently rebranding the combined assets under the Yahoo name. … Read more…

Exclusive-Former Cruise CEO Vogt’s robotics startup valued at $2 billion in new funding, sources say

By Anna Tong, Krystal Hu and Kenrick Cai (Reuters) – Kyle Vogt, former CEO of self-driving car company Cruise, has raised $150 million in a new funding round led by Greenoaks for his robotics startup The Bot Company, valuing the firm launched less than a year ago at $2 billion, sources told Reuters.  This capital injection follows a previous $150 million raised from investors such as Spark Capital and former GitHub CEO Nat Friedman that … Read more…

Tariffs, Inflation….Turmoil by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Consumers Sentiment Sinks… The University of Michigan Consumer Sentiment Survey, conducted by Janet Hsu, revealed many concerns. Government job eliminations, lingering wars, and immigration back-lashes, and ..tariffs have saddled the U.S. Consumer. The latest University of Michigan survey released mid-March was drastically lower, dropping 11% to 57.9% [last month was 64.7%] falling steadily since President Trump was elected. Recession concerns are on the rise as “soft-landing talk” has pretty … Read more…

Elon Musk calls for prosecutions of Pentagon staff who leaked to the New York Times

By Nandita Bose WASHINGTON (Reuters) -Elon Musk said Pentagon staff who spoke to reporters at the New York Times should be prosecuted, after the newspaper reported the billionaire was due to be briefed about the U.S. military’s plan for any war that might break out with China. “The New York Times is pure propaganda,” Musk said in a post on his social media platform X on Friday. “Also, I look forward to the prosecutions of … Read more…

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Nvidia to open quantum computing lab, CEO says

By Stephen Nellis SAN JOSE, California (Reuters) -Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology, CEO Jensen Huang said on Thursday. Huang made the announcement at Nvidia’s annual software developer conference in San Jose, California, where Nvidia held a day of events focused on quantum computing. Nvidia added the program after Huang in January said useful quantum computers … Read more…