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Morning Bid: Chips and ships

Morning Bid: Chips and ships

By Anna Szymanski June 12 (Reuters) - From the Editor Hello Morning Bid readers!  It was a stop-and-start kind of week both on Wall Street and in the Gulf, as tech stocks wavered heading into the historic IPO from Elon Musk's SpaceX and fresh fighting broke out in the Middle East.
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New US-Canada bridge opening delayed

New US-Canada bridge opening delayed

By David Shepardson WASHINGTON, June 11 (Reuters) - A new $4.7 billion bridge connecting Detroit and Windsor, Ontario that was set to open in the coming days has been delayed, a bridge authority said on Thursday.
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Trump says he thinks AI companies will agree to 'giving back' to the public

Trump says he thinks AI companies will agree to 'giving back' to the public

By Bo Erickson, Trevor Hunnicutt and Courtney Rozen WASHINGTON, June 10 (Reuters) - U.S. President Donald Trump said on Wednesday that he expects top artificial intelligence companies to agree to "giving back" to the public, an apparent reference to a possible government stake in the firms.
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Half of Americans fear AI could put someone in their household out of work, Reuters/Ipsos poll finds

Half of Americans fear AI could put someone in their household out of work, Reuters/Ipsos poll finds

By Jason Lange and Courtney Rozen WASHINGTON, June 10 (Reuters) - Half of Americans fear that the rise of AI could put them or someone in their household out of work, according to a new Reuters/Ipsos poll that also showed widespread angst at how widely the technology is being adopted.
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Trump says US might not renew North America trade deal

Trump says US might not renew North America trade deal

By David Shepardson WASHINGTON, June 10 (Reuters) - President Donald Trump said on Wednesday that the U.S. might not renew its free trade agreement with Canada and Mexico and criticized trade deficits with those countries, although he said he was talking with their leaders about the matter.
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Trading Day: When the chips are down

Trading Day: When the chips are down

By Jamie McGeever ORLANDO, Florida, June 9 (Reuters) - U.S. stocks mostly fell on Tuesday, pressured by a slide in tech and fresh Iran jitters after a U.S. helicopter was shot down, as investors digested strong trade figures from many key economies and turned their attention to U.S. inflation data
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Anthropic urges US not to block state AI laws without setting federal standards

Anthropic urges US not to block state AI laws without setting federal standards

By Courtney Rozen WASHINGTON, June 10 (Reuters) - Anthropic called on the U.S.
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Analysis-Trump setbacks fuel lame-duck talk as he turns 80

Analysis-Trump setbacks fuel lame-duck talk as he turns 80

By Matt Spetalnick and Nandita Bose WASHINGTON, June 10 (Reuters) - U.S.
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White House defends Cuba sanctions as UN warns of harm

White House defends Cuba sanctions as UN warns of harm

By Jasper Ward WASHINGTON, June 10 (Reuters) - The Trump administration defended its sanctions on Cuba on Wednesday after the United Nations' human rights chief warned U.S. actions were causing "widespread harm to the population and endangering lives."
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Analysis-Why the blockbuster SpaceX IPO may spell more bad news for crypto

Analysis-Why the blockbuster SpaceX IPO may spell more bad news for crypto

By Hannah Lang June 10 (Reuters) - SpaceX's much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action.  
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What to know about Trump's $100,000 H-1B visa fee and the legal rebuke that followed

What to know about Trump's $100,000 H-1B visa fee and the legal rebuke that followed

President Donald Trump last year dramatically ratched up the fee for H-1B work visas to $100,000, saying it would protect American workers from losing their jobs to lower-paid foreigners
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President Trump Advocates for AI Growth, Considers Government Stakes in AI Companies

President Trump Advocates for AI Growth, Considers Government Stakes in AI Companies

President Trump has issued executive orders to accelerate AI adoption, particularly in national cybersecurity, while maintaining a stance against burdensome regulation. The administration is considering taking financial stakes in leading U.S. AI companies, with discussions reportedly involving Sam Altman and senior White House officials. This move could position the government as a major shareholder, potentially influencing AI development. The orders reflect a commitment to maintaining the U.S.'s lead in AI innovation, with a focus on growth rather than regulation. The administration's approach suggests a preference for leveraging AI's economic potential over imposing safety constraints.