By Chuck MikolajczakNEW YORK (Reuters) -Global stocks rallied on Monday, led by gains in U.S. stocks, while U.S. Treasury yields climbed after reports that President Donald Trump’s tariff plan may use a more targeted approach than previously thought, boosting risk appetite. Trump said automobile tariffs are coming soon, and said he may give "a lot of countries" breaks on tariffs, ...
By Shariq KhanNEW YORK (Reuters) - The Colonial Pipeline on Monday asked the U.S. Federal Energy Regulatory Commission to reject shippers’ protests over proposed changes to how it moves gasoline, arguing that the modifications are in line with industry practices and within Colonial’s authority.Oil majors Exxon Mobil (NYSE:XOM), Chevron Corp (NYSE:CVX) and BP (NYSE:BP) Plc, among others, fi ...
By Anna Tong, Max A. Cherney, Stephen NellisSAN FRANCISCO (Reuters) -Quantum computing startup PsiQuantum is raising at least $750 million at a $6 billion pre-money valuation, according to two people familiar with the matter.BlackRock (NYSE:BLK) is leading the fundraising effort, which has not yet been completed, one of the people said.Unlike some quantum computing startups using exotic materials, ...
By Scott Murdoch(Reuters) -China’s Xiaomi (OTC:XIACF) Corp said on Tuesday it had raised $5.5 billion in an upsized share sale as the company pushes forward with its ambitious electric vehicle manufacturing plans.The company sold 800 million shares at HK$53.25 each, the company said in its statement to the Hong Kong Stock Exchange.Xiaomi, the world’s third-largest smartphone maker which moved ...