NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from…
Year: 2025
Order blocking Musk’s DOGE from Treasury systems doesn’t apply to Bessent, judge says
By Luc Cohen NEW YORK (Reuters) – A U.S. judge clarified on Tuesday that an order restricting billionaire Elon Musk’s…
AI chip startup Positron raises $23.5 million seed round to take on Nvidia
By Anna Tong Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million…
Iran alerts UN to Trump threat of force, says it will defend itself
By Michelle Nichols UNITED NATIONS (Reuters) – Iran alerted the United Nations on Tuesday to what it described as “reckless…
Bank of America expects record net interest income in 2025
NEW YORK (Reuters) – Bank of America expects record net interest income in 2025, the head of its retail banking…
Amazon faces union vote at North Carolina warehouse
By Greg Bensinger (Reuters) – Amazon is facing its second workers’ union vote in as many months as laborers at…
Gold bulls lock in on glittering milestone; $3,000/oz in sight
By Ashitha Shivaprasad and Daksh Grover (Reuters) – U.S. President Donald Trump’s latest tariff threats have ignited another gold rush,…
Hyatt expands in Caribbean, Mexico with $2.6 billion Playa Hotels acquisition
By Aishwarya Jain (Reuters) -Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, the company…
US homeland chief seeks to deputize IRS agents for immigration enforcement
By Ted Hesson WASHINGTON (Reuters) – The U.S. Department of Homeland Security wants to deputize some Internal Revenue Service criminal…
OpenAI’s Altman envisions Stargate-like programme for Europe
BERLIN (Reuters) – OpenAI CEO Sam Altman on Friday signaled willingness to bring a Stargate-like artificial intelligence program to Europe,…