2024

(Reuters) – The billionaire Winklevoss twins, founders of cryptocurrency company Gemini, were refunded after their bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law, Bloomberg News reported on Friday. Tyler and Cameron Winklevoss, whose crypto firm in February entered settlement agreements with U.S. and New York state financial regulators…

By Shariq Khan and Seher Dareen NEW YORK (Reuters) – U.S. refiners pumped out jet fuel last week at the fastest pace since the pandemic, government data showed, as they look to keep up with forecasts of record air travel this summer. U.S. refiners’ net production of jet fuel hit about 1.9 million barrels per…

By Echo Wang (Reuters) -The S&P 500 and Nasdaq closed marginally lower on Friday, weighed down by a decline in Nvidia shares for a second straight day, which dragged down the technology sector. Technology was the biggest loser among the 11 major S&P 500 sectors, down 0.84%, weighed by Nvidia, while communication services led the…

(Reuters) – Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether’s lead as the world’s most valuable company, after partners Dell and Super Micro Computer received server orders for Elon Musk’s AI startup. Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add more than…

(Reuters) -Democratic President Joe Biden and Republican former President Donald Trump plan to face off in a presidential debate on June 27 and another Sept. 10 ahead of a Nov. 5 election, part of a tradition marked by some of the most memorable moments of modern U.S. political history: – 1960: The first televised debate…

By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of…

WASHINGTON (Reuters) – Ukraine can use U.S.-supplied weapons to hit Russian forces that are firing on Ukrainian troops anywhere across the border into Russia and not just in Russian territory near Ukraine’s Kharkiv region, the Pentagon said on Thursday. Last month, President Joe Biden quietly authorized Kyiv to launch U.S.-supplied weapons at military targets inside…

By Rajesh Kumar Singh EVENDALE, Ohio (Reuters) – GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade. While the technology is still being tested, should GE be successful, it could produce hybrid-engine jets – like a Toyota Prius of the…

By Dharamraj Dhutia MUMBAI (Reuters) – Foreign investors have bought more than $10 billion of Indian government bonds that will be included in a widely-followed JPMorgan debt index on June 28, taking their ownership of such papers to a record high. In the nine months since JPMorgan said India’s sovereign debt will be included in…

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…