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Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal

Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal

By Echo Wang and Sabrina Valle NEW YORK, July 31 (Reuters) - Defense technology company Space-Eyes has agreed to go public through a merger with special purpose acquisition company McKinley Acquisition Corp in a deal valuing the combined business at $638 million, the companies said on Friday,

Eric Trump-Backed Space-Eyes to Go Public in $638 Million SPAC Deal

Eric Trump-Backed Space-Eyes to Go Public in $638 Million SPAC Deal

Eric Trump-Backed Space-Eyes to Go Public in $638 Million SPAC Deal

Microsoft leads a rally on Wall Street, while worries about inflation remain in the bond market

Microsoft leads a rally on Wall Street, while worries about inflation remain in the bond market

U.S. stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is yielding profits, while computer-chip companies clawed back some of their sharp recent losses

Imports hold back US economic growth in Q2, but domestic demand robust

Imports hold back US economic growth in Q2, but domestic demand robust

By Lucia Mutikani WASHINGTON, July 30 (Reuters) - U.S. economic growth slowed in the second quarter as imports widened the trade deficit, but robust consumer spending and business investment related to the buildout of artificial intelligence infrastructure underscored strong domestic demand.

US stocks rally to finish a wild July as Amazon soars, Apple sinks and inflation worries worsen

US stocks rally to finish a wild July as Amazon soars, Apple sinks and inflation worries worsen

U.S. stocks rallied to the finish of a wild July as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation

With Situational Awareness AI deal, Citadel's Griffin rides to the rescue again

With Situational Awareness AI deal, Citadel's Griffin rides to the rescue again

By Svea Herbst-Bayliss, Manya Saini and Anirban Sen July 31 (Reuters) - When rival hedge funds face catastrophic losses, billionaire investor Ken Griffin has a habit of identifying opportunities and showing up with a checkbook.

Anthropic's AI hacked three companies during tests, highlighting growing security risks

Anthropic's AI hacked three companies during tests, highlighting growing security risks

By Jeffrey Dastin and Mrinmay Dey SAN FRANCISCO, July 30 (Reuters) - Anthropic said on Thursday some of its Claude AI models had hacked into the systems of three companies during cybersecurity tests, a disclosure that comes days after rival OpenAI revealed that one of its AI agents went on a rogue

Trump hails Gaza deal, while Hamas and Israeli officials see hurdles

Trump hails Gaza deal, while Hamas and Israeli officials see hurdles

By Steve Holland and Nidal al-Mughrabi CAMP DAVID, MARYLAND/CAIRO, July 31 (Reuters) - U.S.

Trump says deal reached to disarm Hamas, Israeli support for plan remains uncertain

Trump says deal reached to disarm Hamas, Israeli support for plan remains uncertain

By Nidal al-Mughrabi, Steve Holland, Bo Erickson and Kanishka Singh CAIRO/WASHINGTON, July 30 (Reuters) - U.S.

Fed dissenters sketch the case for a rate hike

Fed dissenters sketch the case for a rate hike

Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine hit an Iranian ship. Will it lead to wider US-Middle East war?

Ukraine’s ambassador to the United States says Kyiv has no interest in merging its war against Russia with the U.S. conflict in Iran after drone hit.

US stock futures steady as Microsoft offsets Fed concerns

US stock futures steady as Microsoft offsets Fed concerns

July 30 (Reuters) - U.S. stock index futures steadied on Thursday after a sharp selloff driven by uncertainty around the Federal Reserve's policy outlook, while Microsoft's forecast-beating results soothed investor concerns about massive AI spending by companies.