(Reuters) -RTX’s defense arm Raytheon said on Wednesday it has been awarded a $1.1 billion contract from the U.S. Navy…
Congress budget office says Trump tax bill could cost $2.4 trillion, less than earlier forecast
By Richard Cowan WASHINGTON (Reuters) -The nonpartisan Congressional Budget Office on Wednesday lowered its estimate of how much President Donald…
Apple and Alibaba’s AI rollout in China delayed by Trump’s trade war, FT reports
(Reuters) – Apple and Alibaba’s rollout of artificial intelligence services in China is being delayed by a Beijing regulator, the…
US inflation data collection hurt by Trump-era hiring freeze, WSJ says
(Reuters) -Federal government staffing shortages from Trump administration hiring freezes have forced the Labor Department’s economic statistics arm to curtail…
Russia’s economy minister calls for ‘timely’ rate cut to boost growth
MOSCOW (Reuters) -Russia’s economy minister Maxim Reshetnikov said on Tuesday that the central bank should ease monetary policy in a…
US to scale down its military bases in Syria, envoy says
ANKARA (Reuters) -The United States will scale down its military presence in Syria to one base from eight and U.S.…
Broadcom ships latest networking chip to speed AI
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom has begun to ship its latest networking chip that aims to speed…
JPMorgan gives consumer banking head Lake more responsibility as incumbent leaves
(Reuters) -JPMorgan Chase has given Marianne Lake, widely seen as a potential successor to CEO Jamie Dimon, the additional responsibility…
Google to spend $500 million revamping compliance in shareholder settlement
By Jonathan Stempel (Reuters) -Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle…
Disney laying off several hundred in film, TV, finance
(Reuters) -Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar…