Investing.com-- U.S. stock index futures rose Wednesday evening following a sharp rally on Wall Street, as President Donald Trump announced a 90-day pause on steep reciprocal tariffs, while simultaneously targeting China with new, higher tariffs.S&P 500 Futures rose 0.5% to 5,516.25 points, while Nasdaq 100 Futures edged up 0.2% to 19,298.25 points by 20:10 ET (00:10 GMT). Dow Jones Futur ...
By Andrea Shalal, Susan Heavey and Andy SullivanWASHINGTON (Reuters) - In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.Trump’s turnabout on Wednesday, which came less than 24 hours after steep new tariffs kicked in ...
By Nate RaymondBOSTON (Reuters) - The head of the pro bono practice at Paul, Weiss, Rifkind, Wharton & Garrison said on Wednesday he was resigning from the Wall Street law firm just weeks after it struck a deal with Republican U.S. President Donald Trump to escape an executive order imperiling its business.Steven Banks, the former commissioner of New York City’s social services agency, in a ...
Investing.com-- OpenAI has filed a countersuit against Tesla (NASDAQ:TSLA) CEO Elon Musk accusing him of harassment, and sought a federal court injunction to prevent further disruptive actions.The legal dispute centers on OpenAI’s transition to a for-profit model, a move the company deems essential for securing $40 billion in funding.Musk, who co-founded OpenAI in 2015 but departed before its ri ...