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BlackRock CEO Fink says nationalistic US policies to stoke inflation

By David French and Marianna Parraga HOUSTON (Reuters) -BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers. The head of the U.S. investment management company, speaking at the CERAWeek conference in Houston, added that markets are discounting inflation and there will be further cost increases over the next six to nine months. “I think if we all are becoming a … Read more…

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Delta Airlines cuts first-quarter forecast on economic uncertainty

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Monday slashed its profit estimates for the current quarter through March, citing increased macroeconomic uncertainty. The Atlanta-based company said it now expects a profit in the range of 30 cents-50 cents a share, compared with 70 cents and $1 a share estimated in January. Analysts on average expected the company to report a quarterly profit of 86 cents per share, according to data compiled by … Read more…

Trump to sign executive order on disaster relief on Monday

WASHINGTON (Reuters) -U.S. President Donald Trump plans to sign an executive order on Monday designed to empower state and local governments and citizens to handle disaster preparations and relief, a White House official said. The order is in keeping with Trump’s drive to place more responsibility for disaster response to states and away from the Federal Emergency Management Agency. The White House official, describing the contents of the order, said it delivers on Trump’s commitment … Read more…

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Oracle expects 15% revenue growth next fiscal year on strong AI cloud demand

(Reuters) – Oracle CEO Safra Catz said that the company’s large sales backlog will help drive 15% growth in its revenue next fiscal year, surpassing analysts’ current estimates as it expands its artificial intelligence cloud services. Analysts expect revenue growth for its fiscal 2026 to be 12.6%, according to data compiled by LSEG. Shares of the Austin, Texas-based company rose 2% in extended trading. Oracle, which has been a latecomer to a cloud market dominated … Read more…

NY Fed: Worry over outlook increases amid stable inflation expectations

By Michael S. Derby (Reuters) -Americans grew more worried about the economic outlook in February even as their expectations of the future path of inflation were little changed, a report on Monday from the Federal Reserve Bank of New York said. According to the bank’s latest Survey of Consumer Expectations, inflation a year from now is seen at 3.1%, up a hair from January’s 3% reading, while the projected level of inflation three and five … Read more…

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Apple says some AI improvements to Siri delayed to 2026

By Stephen Nellis (Reuters) – Some artificial intelligence improvements to Apple’s voice assistant Siri will be delayed until 2026, the company said on Friday. In a statement, Apple said it has “been working on a more personalized Siri, giving it more awareness of your personal context, as well as the ability to take action for you within and across your apps. It’s going to take us longer than we thought to deliver on these features … Read more…

Elon Musk’s xAI buys new property in Memphis amid supercomputer expansion

(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis Chamber said on Friday, as the startup looks to expand its AI infrastructure amid intensifying competition in the industry. The new investment builds on the company’s earlier announcement in December, in which it laid out plans to expand its Colossus supercomputer to house at least one million graphics processing units (GPUs) in the state. Colossus … Read more…

Pentagon software buying process shifts towards more access

By Mike Stone WASHINGTON (Reuters) – The U.S. Department of Defense is shifting how it buys software eyeing greater access to commercial and non-traditional software providers as the Pentagon hopes to rapidly modernize its weapons and business systems. In a memo dated March 6, Secretary of Defense Pete Hegseth directed the Department of Defense (DoD) to prioritize a new software acquisition effort he hopes will enhance the lethality of the U.S. military. The memo will … Read more…

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Trump’s shipbuilding plan could upend ocean cargo industry, companies warn

By Lisa Baertlein LOS ANGELES (Reuters) – President Donald Trump’s plan to revitalize the U.S. shipping industry could heap massive costs on ocean transport operators and spawn a new round of supply chain chaos around the world, executives told Reuters. Trump’s administration aims to pay for an American shipbuilding comeback with help from potentially hefty port fees on Chinese-built vessels as well as ships from fleets with China-made vessels, according to a draft executive order … Read more…

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Nasdaq plans 24-hour trading as global appetite for US stocks grows

By Manya Saini (Reuters) -Nasdaq Inc plans to introduce 24-hour trading on its flagship U.S. exchange to capitalize on growing global demand for U.S. equities, a senior executive said in a social media post on Friday. International demand for the lucrative U.S. equity market has surged in recent years, driven by rising retail participation, increasing financial literacy, and easier access to digital trading platforms. The exchange operator has started discussions with regulators and expects to … Read more…