-
US tariff rate to hit 15% or more for some nations: Greer
WASHINGTON (Reuters) -- The US tariff rate for some countries will rise to 15 percent or higher from the newly imposed 10 percent, US Trade Representative Jamieson Greer said Wednesday, without naming any specific trading partners or giving further details. Greer told Fox Business Network's "Mornings with Maria" program that the Trump administration does not intend to raise tariffs on Chinese goods above current levels as President Donald Trump plans to travel to China in coming weeks. "Right
Feb. 26, 2026 -
Nvidia smashes forecasts with record quarter
SAN FRANCISCO (AFP) -- Nvidia on Wednesday reported blockbuster quarterly results that blew past Wall Street expectations, posting record revenue of $68.1 billion as insatiable demand for its artificial intelligence chips showed no sign of cooling. The figures -- up 73 percent from a year ago and well above the $65.7 billion analysts had forecast -- sent a powerful signal that the technology build out dominated by Nvidia that underpins the global AI boom remains in full swing. Net income for the
Feb. 26, 2026 -
How will companies get refunds now that US Supreme Court has rejected Trump's tariffs?
The US Supreme Court said Friday that tariffs imposed by US President Donald Trump under an economic emergency law were illegal. The court did not say how the government should refund the illegal tariffs, worth an estimated $175 billion. When asked about refunds, Trump said at a press conference that "we'll end up being in court for the next five years." For nearly all goods subject to tariffs, an importer posts a bond with the Customs and Border Protection agency and pays an estimated tariff
Feb. 22, 2026 -
Brazil and India sign deal for rare earths
SAO PAULO (AP) — Brazil and India sealed a deal Saturday on critical minerals and rare earths, enhancing cooperation on crucial resources between two major countries of the global south as they seek to diversify their trading relationships. The non-binding memorandum of understanding on rare earths establishes a framework for cooperation between the two countries, focusing on reciprocal investment, exploration, mining and artificial intelligence applications, among other issues. Brazil has the w
Feb. 22, 2026 -
Zuckerberg denies Instagram targets kids
Meta Platforms CEO Mark Zuckerberg on Wednesday repeatedly said during a landmark trial over youth social media addiction that the Facebook and Instagram operator does not allow kids under 13 on its platforms, despite being confronted with evidence suggesting they were a key demographic. Mark Lanier, a lawyer for the woman suing Instagram and Google's YouTube for harming her mental health when she was a child, pressed Zuckerberg over his statement to Congress in 2024 that users under 13 are not
Feb. 19, 2026 -
Nvidia to sell Meta millions of chips in multiyear deal
SAN FRANCISCO (Reuters) -- Nvidia on Tuesday said it has signed a multiyear deal to sell Meta Platforms millions of its current and future artificial intelligence chips, including central processing units that compete with products from Intel and Advanced Micro Devices. Nvidia did not disclose a value for the deal, but said it includes its current Blackwell chips as well as its forthcoming Rubin AI chips. It also includes standalone installations of its Grace and Vera central processors. Nvidia
Feb. 18, 2026 -
Trump says Japan to invest in energy, industrial projects in US
WASHINGTON (Reuters) -- US President Donald Trump's administration on Tuesday announced three projects valued at $36 billion to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia and a natural gas power plant in Ohio. The projects are the first investments under Japan's $550 billion US investment pledge as part of a trade deal that cut Trump's tariffs on Japanese imports to 15 percent, Trump said on Truth Social. He gave few details about th
Feb. 18, 2026 -
Vietnam licenses Musk's satellite internet firm Starlink
Vietnam has granted a licence to Elon Musk's Starlink to operate its satellite internet services in the communist country, a government agency said. The radio frequency regulator said local unit Starlink Services Vietnam Co. can initially deploy four gateway stations and a maximum of 600,000 terminal devices in Vietnam. The licensing requires Starlink to ensure "no interference with existing radio communication networks", the Radio Frequency Management authority announced on Saturday. The Starli
Feb. 15, 2026 -
Paramount sweetens Warner bid, offers to cover Netflix breakup fee
Paramount Skydance has enhanced its Warner Bros Discovery bid by offering shareholders extra cash for each quarter the deal fails to close after this year and agreeing to cover the breakup fee the HBO owner would owe Netflix if it walked away. Even though Paramount did not raise its per-share offer, the sweeteners mark the company's latest attempt to woo Warner Bros shareholders in its prolonged battle with Netflix for control of some of the world's most prized TV and film assets. Paramount said
Feb. 11, 2026 -
Landmark social media addiction trial begins in US
LOS ANGELES (AP) — The world’s biggest social media companies face several landmark trials this year that seek to hold them responsible for harms to children who use their platforms. Opening statements in one such trial in Los Angeles County Superior Court began on Monday. Instagram’s parent company Meta and Google’s YouTube face claims that their platforms deliberately addict and harm children. TikTok and Snap, which were originally named in the lawsuit, settled for undisclosed sums. Jurors got
Feb. 10, 2026 -
SpaceX shifts focus from Mars to Moon, Musk says
WASHINGTON (AFP) -- SpaceX is putting its longstanding focus of sending humans to Mars on the back burner to prioritize establishing a settlement on the Moon, founder Elon Musk said Sunday. The South Africa-born billionaire's space company has found massive success as a NASA contractor, but critics have for years panned Musk's Mars colonization plans as overambitious. The move also puts Musk in alignment with US President Donald Trump's shift away from sending Americans to Mars. "For those unawa
Feb. 9, 2026 -
Gold gains on safe-haven demand as equities fall, US-Iran tensions linger
Gold prices gained on Friday, rebounding from a sharp selloff in the previous session, as global equities fell and US-Iran tensions lingered, while the CME Group raised margins on precious metals to counter risk. Spot gold rose 2.6% to $4,893.59 per ounce by 1243 GMT, and US gold futures for April delivery gained 0.5% to $4,914.10 per ounce. "I do see a bit of a safe-haven investment coming in, but bear in mind that there is still some caution after last Friday's selloff... we still have this f
Feb. 7, 2026 -
Bezos-led Washington Post announces 'painful' job cuts
WASHINGTON (AFP) -- The Washington Post, owned by billionaire Amazon founder Jeff Bezos, announced major job cuts Wednesday, saying that "painful" restructuring was needed at the storied newspaper. The Post, which gained legendary status when its reporting helped bring down president Richard Nixon in the Watergate scandal, will see "substantial" reductions in its newsroom, Executive Editor Matt Murray said. The shrinking of the Post comes as major traditional media outlets in the United States f
Feb. 5, 2026 -
Nvidia's AI chip sale to ByteDance hinges on conditions set by Trump
The Trump administration is willing to allow China's ByteDance to buy Nvidia's H200 chips, but the AI chipmaker has not agreed to proposed conditions for their use, according to a person familiar with the matter. The US said it would approve the license about two weeks ago, the person said, but Nvidia has not accepted the US government's Know-Your-Customer requirement as now drafted -- to ensure China's military does not access the chips -- among other conditions. More broadly, Nvidia is negoti
Feb. 5, 2026 -
Trump signs bill to end partial shutdown
WASHINGTON (AP) — US President Donald Trump signed a roughly $1.2 trillion government funding bill Tuesday that ends the partial federal shutdown that began over the weekend and sets the stage for an intense debate in Congress over Homeland Security funding. The president moved quickly to sign the bill after the House approved it with a 217-214 vote. “This bill is a great victory for the American people,” Trump said. The vote Tuesday wrapped up congressional work on 11 annual appropriations bill
Feb. 4, 2026