By David Morgan MIAMI (Reuters) – A three-day meeting of U.S. House Republicans, meant to jumpstart President Donald Trump’s $4 trillion tax cut agenda, ended on Wednesday without a deal as party fiscal hawks refused to move ahead unless the plan reduced the $1.8 trillion federal deficit. House of Representatives Speaker Mike Johnson called the…
By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix is expanding its presence in the toy business, striking its first master licensing deal with the company behind the popular Squishmallows plush toys to develop a product line inspired by its hit science-fiction series “Stranger Things.” The streaming giant granted toymaker Jazwares the right to develop…
By Stephen Nellis (Reuters) – Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors including SoftBank Group’s Vision Fund 2. The Everett, Washington-based Helion said the funding will help it speed up the development of its next generation…
By Tom Polansek and Juveria Tabassum (Reuters) – Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group. The biggest U.S. pork processor also is…
By Daphne Psaledakis WASHINGTON (Reuters) – A purge of senior staff at the U.S. Agency for International Development appeared designed to silence any dissent over President Donald Trump’s plans to dramatically reshape U.S. foreign aid, current and former USAID officials told Reuters. Trump, who ordered a 90-day pause in most foreign aid and said his…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Monday’s massive selloff in AI-darling Nvidia’s shares did little to blunt options traders’ enthusiasm for the chipmaker’s shares, with traders quick to pile back into bullish Nvidia contracts as the stock recovered on Tuesday. Nvidia shares slumped about 17% or close to $593 billion in market value…
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia on Monday said Chinese AI firm DeepSeek’s advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek’s services. Nvidia issued a statement on Monday after its shares tumbled 17% on…
WASHINGTON (Reuters) -The Justice Department is firing more than a dozen officials who worked on Special Counsel Jack Smith’s cases against President Donald Trump on charges of trying to overturn his 2020 election defeat and mishandling of classified documents, Fox News reported on Monday. The officials were fired after Acting Attorney General James McHenry said…
By Aditya Soni and Zaheer Kachwala (Reuters) – Chinese startup DeepSeek’s cheaper AI is sharpening investor scrutiny of the billions U.S. tech giants are pouring to develop the technology and analysts say it will dominate this week’s much-awaited results from industry bellwethers. DeepSeek has claimed it took just two months and cost under $6 million…
By Jonathan Stempel NEW YORK (Reuters) – Citigroup can force military personnel to arbitrate claims that its Citibank unit charged unfairly high interest rates on their credit card balances after they returned to civilian life, a federal appeals court panel ruled on Monday. Reversing a trial judge, the 4th U.S. Circuit Court of Appeals in…
