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Exclusive-OpenAI's Stunning $150 Billion Valuation Hinges on Upending Corporate Structure, Sources Say
OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors
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Three US Citizens Sentenced to Death in Congo Over Role in Failed Coup
Three U.S. citizens are among 37 defendants sentenced to death by a military court on Friday for their role in a May failed coup in Democratic Republic of Congo....
Factbox-Important Dates in the 2024 US Presidential Race
Republican former President Donald Trump and Vice President Kamala Harris, a Democrat, will face each other in the Nov. 5 U.S. presidential election....
Boeing Eager to Return to Union Talks as Strike Shuts Factories
Boeing is eager to get back to the bargaining table to limit damage and reach a settlement after 30,000 workers walked off the job on Friday, as the strike added challenges to its turnaround....
US Consumer Sentiment Climbs to Four-month High; Import Prices Drop
U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household incomes improve, but views on the labor market weakened against the backdrop of slower job gains....
Analysis-Will Taylor Swift's Harris Endorsement Influence the U.S. Election?
Global pop star Taylor Swift's support for Kamala Harris may have boosted the Democratic vice president's hopes of attracting young voters, but the question remains: Will the celebrity endorsement make a difference on Election Day?...
Soccer-Trial Over Maradona's Death Postponed Until 2025
A trial of eight health workers charged with "homicide by negligence" over the death of Diego Maradona has been postponed from October until March, Argentine media reported on Thursday....
North Korea Shows First Photos of Banned Uranium Enrichment Site
North Korea for the first time showed images of the centrifuges that produce fuel for its nuclear bombs on Friday, as leader Kim Jong Un visited a uranium enrichment facility and called for more weapons-grade material to boost the arsenal....
US Locks in Steep China Tariff Hikes, Many to Start Sept. 27
The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles ......
Explainer-How DSV Grew Into the World's Biggest Logistics Firm
DSV is on the verge of becoming the world's biggest logistics firm after agreeing to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion)....
United Airlines Taps Elon Musk's Starlink for in-flight Internet
United Airlines said on Friday it has signed a new deal with Elon Musk's Starlink for in-flight internet services....
US Looks to Curb Low-value Chinese Shipments Under $800 'de Minimis' Exemption
The Biden administration said on Friday it was moving to curb low-value shipments entering the U.S. duty-free under the $800 "de minimis" threshold that has been exploited by Chinese e-commerce firms such as Shein and PDD Holdings' Temu....
US Import Prices Post Largest Drop in Eight Months in August
U.S. import prices dropped by the most in eight months in August amid lower costs for fuels and food products, suggesting that domestic inflation will continue to subside in the months ahead....
TikTok Faces Crucial Court Hearing That Could Decide Fate in US
TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19....
Boeing's US Factory Workers Strike After 96% Vote for Walkout
Boeing's U.S. West Coast factory workers walked off the job early on Friday after overwhelmingly rejecting a contract deal, halting production of the planemaker's strongest-selling jet as it wrestles with severe output delays and heavy debt....
Dollar Hits Nine-month Low Versus Yen as Fed Debate Reignites
The dollar fell to its lowest level this year against the Japanese yen on Friday after media reports reignited the debate about an outsized Federal Reserve rate cut next week....
China Approves Plan to Raise Retirement Age From January 2025
China's top legislative body has approved a proposal to raise the country's retirement age, the official Xinhua news agency said on Friday, accelerating an overhaul of decades-old laws to tackle the economic pressure of a shrinking workforce....
Trump explains why he won't debate Harris again
Former President Donald Trump stated that he will not debate Vice President Kamala Harris again because they believe they have already covered all necessary topics....
U.S. borrowing tops $1.9 trillion so far this year
(The Center Square) – The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs...
Trump: No More Debates With Kamala Harris
Republican Donald Trump said on Thursday he would not participate in another presidential debate against his Democratic rival Kamala Harris ahead of the Nov. 5 election, as several polls showed that she beat him....
US Reconsidering Ukraine Missile Restrictions on Firing Into Russia
The United States signaled Thursday that it may allow Ukraine to fire missiles more deeply into Russia to destroy weapons that Moscow has deployed to launch airstrikes throughout Ukraine....
Biden to Host Quad Summit September 21 in Delaware
U.S. President Joe Biden will host a Quad leaders summit with leaders from Australia, India and Japan on September 21 in Delaware, the White House said on Thursday....
Trump’s Advantage Diminishes in Fox News Power Rankings as Debate Impact Approaches
Former President Donald Trump has lost his edge in Georgia and North Carolina, making Vice President Kamala Harris the overall forecast lead for the first time in the latest Fox News Power Rankings. Despite this shift, six toss-up states remain in play with a combined total of 78 electoral votes up for grabs, underscoring the unpredictability of this election. ...
Taylor Swift's Endorsement of Kamala Harris: Impact on the November Election
Taylor Swift's endorsement of Kamala Harris after the presidential debate against Trump has stirred interest in the November election. While Democrats hope Swift's support will boost young voter turnout, recent polling suggests it may not significantly sway voter decisions....
Exclusive-Evergrande Chairman Hui Kept in Special Detention Center in Shenzhen, Sources Say
Hui Ka Yan, the chairman of China Evergrande Group - the company at the centre of the country's property sector crisis - has been moved to a special detention centre in Shenzhen, two sources with knowledge of the matter said....
US Treasury Sets Rules for 15% Minimum Tax on Biggest, Most Profitable Companies
The U.S. Treasury on Thursday announced new proposed rules for a new corporate alternative minimum tax that is expected to generate $250 billion in U.S. revenues over 10 years from about 100 large companies now paying an average rate of just 2.6%....
US Producer Prices Rise Slightly Above Expectations in August
U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation....
US Proposes Delaying Full Enforcement of Stricter ID Rules Until May 2027
The Biden administration on Thursday proposed delaying full enforcement of new regulations requiring Americans to get new identification cards in order to board airplanes or enter a federal building by another two years to May 2027....
India's August Retail Inflation Above Economists' Expectations at 3.65% Y/Y
India's August retail inflation was slightly higher than economists' expectations, on the back of a sharp rise in vegetable prices, according to government data released on Thursday....
US Officials to Meet With Top Tech Executives on Powering AI -CNN
Executives from Open AI, Google and Anthropic will meet with senior U.S. officials at the White House on Thursday to discuss the energy resources and infrastructure needed to power AI, CNN reported citing a person familiar with the matter....
Microsoft to Cut 650 Support Jobs in Xbox Games Unit, Bloomberg News Reports
Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein in costs and integrate its $69 billion acquisition of Activision Blizzard, Bloomberg News reported on Thursday....
General Mills Sells N. America Yogurt Operations in $2 Billion Deal to Focus on Stronger Brands
General Mills will sell its North America yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday....