kslmadmin

U.S. President Donald Trump posted on social media Wednesday that the war with Iran could soon end and oil and natural gas shipments could restart, if Iran accepts a reported agreement that he did not detail. “If they don’t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,” Trump’s post said. The White House believes it is nearing an […]

By Isla Binnie NEW YORK, May 6 (Reuters) – An investor group which advises union pension funds urged Wall Street’s leading watchdog on Wednesday to scrutinize SpaceX’s disclosures as the rocket maker embarks on a planned record-breaking public listing. It also raised founder Elon Musk’s tenure in the Trump administration as a potential conflict for regulators reviewing the company’s disclosures. SpaceX is expected to launch an initial public offering (IPO) […]

By Amel Emric and Daria Sito-Sucic VARES, Bosnia and Herzegovina, May 6 (Reuters) – A new silver, lead and barite mine offered hope to the small town of Vares, in mountainous central Bosnia, when it opened in 2024. After decades of economic decline, new roads and houses were built, cafes and restaurants filled up, and the long-dwindling population swelled with workers and new residents. In recent months, however, blood tests have […]

May 6 (Reuters) – New York Times subscribers jumped to 13.1 million in the first quarter as its blend of news and lifestyle content attracted readers navigating a volatile political and economic landscape, sending the company’s shares up 8% in early trading. The newspaper added 310,000 digital-only subscribers in the first three months of the year, outpacing analysts’ expectation of 270,513, according to Visible Alpha. This brings it closer to […]

WASHINGTON, May 6 (Reuters) – U.S. private payrolls posted their largest increase in 15 months in April, pointing to continued labor market stability even as the conflict in the Middle East clouds the economy’s outlook. The labor market remains in a “low-hire, low-fire” state, though economists are warning of downside risks as the U.S.-Israel war with Iran fans inflation. The latest sign of labor market stability in the ADP’s national […]

May 6 (Reuters) – Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. Shares of the company fell over 12% in early trading. The company, which was spun off from IBM in 2021, has been restructuring a number of low- or no-margin contracts it inherited from the tech giant to improve profitability.  • […]

By Leo Marchandon May 6 (Reuters) – Genesis AI, a French robotics startup backed by former Google CEO Eric Schmidt and telecoms tycoon Xavier Niel, on Wednesday unveiled an AI model designed to make robots more adaptable, along with a human-like robotic hand. Co-founded by former Mistral researcher Theophile Gervet, the company said its GENE-26.5 model can run a range of robots, including those made by other companies. It is […]

May 6 (Reuters) – Wall Street’s main indexes opened higher on Wednesday, extending their strong run on hopes of a potential U.S.-Iran peace agreement and sustained enthusiasm around artificial intelligence. The Dow Jones Industrial Average rose 143.9 points, or 0.29%, at the open to 49,442.19. The S&P 500 rose 34.9 points, or 0.48%, at the open to 7,294.14​, while the Nasdaq Composite rose 169.0 points, or 0.67%, to 25,495.166. (Reporting […]

Disney exceeded most expectations for the second quarter, driven by strength in streaming and its U.S. theme parks that offset fewer visits by international travelers. The Walt Disney Co. had cautioned in February that in the second quarter its Experiences division, which includes its theme parks, would likely see modest operating income growth due in part to a decline in visits from international tourists to the U.S. There’s been a […]