Nippon Steel offers US government veto power in bid for US Steel approval, source says
By Alexandra Alper (Reuters) -Japan’s Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel’s production capacity, as part of its efforts to secure President Joe Biden’s approval for acquiring the American steelmaker,…
Russia halts gas exports to Europe via Ukraine
MOSCOW (Reuters) – Russia’s energy giant Gazprom (MCX:GAZP) said on Wednesday that gas exports via Ukraine to Europe had been halted from 08:00 Moscow time (0500 GMT) as the transit deal has expired. The shutdown of Russia’s oldest gas route…
Big Lots approved for last-minute sale of 200 to 400 stores
By Dietrich Knauth NEW YORK (Reuters) -Retailer Big Lots (NYSE:BIG) on Tuesday received a bankruptcy judge’s approval for a last-minute sale that would allow 200 to 400 stores to remain open under new ownership. U.S. Bankruptcy Judge Kate Stickles approved…
Stock market today: S&P 500 ends lower on final day but wraps up strong 2024
Investing.com– The S&P 500 closed lower on the final day of trade for the year on Tuesday, but wrapped up a strong year, with a more than 20% gain. At 4:00 p.m. ET (21:00 GMT), the S&P 500 fell…
Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac
(Reuters) -Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) from conservatorship, potentially making them private companies again, the billionaire investor said on Monday. Shares of Fannie Mae climbed 18.4%, while those of…
Alibaba’s cloud unit announces big price cuts on large-language models
BEIJING (Reuters) – Alibaba (NYSE:BABA)’s cloud unit said on Tuesday it was cutting prices by up to 85% on its large language models. This post appeared first on investing.com