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Telegram, Musk's xAI partner to distribute Grok to messaging app's users
May 28 (Reuters) - Telegram CEO Pavel Durov said on Wednesday its messaging app and Elon Musk's artificial intelligence company xAI have agreed to a partnership to distribute Grok to its more than billion users.Telegram will receive $300 million in cash and equity from xAI and 50% of revenue fro...Reuters
Wed, May 28
Other
Samsung India executives seek to quash $81 million penalty over tax evasion
Samsung faces big tax challenge in key Indian marketSeven execs challenge penalty in case, source, document showExecutives argue India rushed to deliver order, source saysBy Arpan Chaturvedi NEW DELHI, May 28 (Reuters) - Seven Samsung India executives have asked a court to revoke penalties of $8...Reuters
Wed, May 28
Stocks
Brokerages raise PT on AutoZone after Q3 sales beat
** Brokerages raise their PT on AutoZone Inc AZO.N after auto parts retailer on Tuesday beat Wall Street estimates for Q3 sales** Guggenheim says Q3 was mixed, yet constructive as domestic commercial growth continues to gain momentum** BMO says hub and mega hub ramp up continues to grow faster as co...Reuters
Wed, May 28
Stocks
LIVE MARKETS-Have reduced bets on BoE cuts gone too far?
STOXX 600 down 0.3%Defence stocks rise, drugmakers fallNvidia results awaitedWall Street futures higherWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comHAVE REDUCED BETS ON BOE CUTS GO...Reuters
Wed, May 28
Other
Zelenskiy says Ukraine not being invited to NATO summit would be a victory for Putin
KYIV, May 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that Ukraine not being invited to the upcoming NATO summit would mean a victory for Russian President Vladimir Putin over the alliance.Zelenskiy had said on Tuesday that NATO chief Mark Rutte wanted Ukraine to attend ...Reuters
Wed, May 28
Other
Telegram CEO Durov Says Telegram & xAI Have Agreed To A 1-Year Partnership To Distribute Grok To Telegram's Users And Integrate It Into Its Apps
May 28 (Reuters) - TELEGRAM CEO DUROV: TELEGRAM AND XAI HAVE AGREED TO A 1-YEAR PARTNERSHIP TO DISTRIBUTE GROK TO TELEGRAM’S USERS AND INTEGRATE IT INTO ITS APPSTELEGRAM WILL RECEIVE $300M IN CASH, EQUITY FROM XAI, PLUS 50% OF REVENUE FROM XAI SUBSCRIPTIONS SOLD VIA TELEGRAM- TELEGRAM CEO PAVEL DURO...Reuters
Wed, May 28
Cryptocurrencies
GameStop buys 4,710 Bitcoins for $512 million, dipping into $1.4 billion reserve
GameStop has officially confirmed the purchase of 4,710 Bitcoins for $513 million using cash raised through debt financing, according to a press announcement by the company on Wednesday. This is the first time the company has admitted to buying any crypto since it said in March that it was planning to do so. In March, […]Cryptopolitan
Wed, May 28
Other
ADVISORY-Alert on Pfizer from law firm's press release withdrawn
An alert on a court hearing against Pfizer PFE.N was inadvertently published from a law firm's press release and has been withdrawn. There will be no substitute.STORY_NUMBER:nTUAMRJWWSTORY_DATE:28/05/2025STORY_TIME:12:00:03 GMTReuters
Wed, May 28
Stocks
BREAKINGVIEWS-New Stellantis CEO reflects carmakers’ grey skies
By Neil Unmack LONDON, May 28 (Reuters Breakingviews) - Companies facing adversity often look outside for leadership. That’s occasionally been the case for the car sector, where some of the most iconic bosses were by no means industry veterans. Think of Fiat Chrysler Automobiles’ old CEO Sergio M...Reuters
Wed, May 28
Stocks
Abercrombie & Fitch surges after Q1 results beat
** Apparel maker Abercrombie & Fitch ANF.N up 26% at $97.18 premarket** Co tops estimates for Q1 sales and profit helped by resilient demand for its jeans and dresses** Q1 net sales of $1.10 bln beat estimates of 1.07 bln, while adjusted EPS of $1.59 also tops estimates - LSEG** Co also expects ...Reuters
Wed, May 28
Other
Zelenskiy says Ukraine reaches defence sector accords with Germany
KYIV, May 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that Ukraine and Germany had reached new agreements on defence sector investments.Zelenskiy, who was speaking in Berlin alongside German Chancellor Friedrich Merz, did not give further details. Kyiv has increasingly s...Reuters
Wed, May 28
Stocks
POLL-With Trump tariff jitters, S&P 500 to finish year nearly even with 2024
reuters://realtime/verb=Open/url=cpurl://apps.cp./cms/?pageId=stock-index-poll poll dataBy Caroline Valetkevitch NEW YORK, May 28 (Reuters) - The S&P 500 will finish the year near current levels, according to a Reuters poll, after many strategists in recent months cut their 2025 forecast for ...Reuters
Wed, May 28
Other
Indonesia antitrust agency finds risk of monopoly from TikTok's Tokopedia takeover
JAKARTA, May 28 (Reuters) - Indonesia's antitrust agency on Wednesday said last year's takeover of the country's biggest e-commerce platform Tokopedia by TikTok carried a risk of monopoly. TikTok, owned by China's ByteDance, in January 2024 completed a deal to buy 75.01% of Tok...Reuters
Wed, May 28
Other
Gaza Humanitarian Foundation says aid distribution to Gaza temporarily halted due to disorder
CAIRO, May 28 (Reuters) - The U.S.-backed Gaza Humanitarian Foundation (GHF) said on Wednesday that aid distribution in Gaza was temporarily halted due to disorder, adding that it is working to resolve the issues to guarantee safety.Reuters
Wed, May 28
Cryptocurrencies
Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock
US Treasury Secretary Scott Bessent has signalled that the long-debated overhaul of banks’ supplementary leverage ratio (SLR) is imminent—a policy pivot that could reverberate through Bitcoin markets—telling television interviewers that regulators are “very close to moving” on the rule and that the ...NewsBTC
Wed, May 28
Other
Bredahl and Bonneau-led Novel launches with fee income and balance sheet management model
By David BullMay 28 - (The Insurer) - Former PartnerRe CEO Jacques Bonneau and Howden Re’s Rob Bredahl have launched Novel Financial Holdings, a start-up aiming to own attorney-in-facts (AIFs) and traditional stock companies supporting MGUs, combining fee income with underwriting returns.Bonneau and...Reuters
Wed, May 28
