By Davide Barbuscia NEW YORK (Reuters) – Bond investors were thrown off balance on Monday by U.S. President Donald Trump’s weekend remarks on investigating Treasury debt payments for fraud, with some hoping they signaled a future pullback in debt issuance. Speaking to reporters aboard Air Force One, Trump said officials reviewing wasteful spending had shifted…
WASHINGTON (Reuters) – The Federal Aviation Administration said on Monday it is reversing a four-year-old decision to rename pilot messages and reinstating the prior “Notice to Airmen” term. In December 2021, the FAA under President Joe Biden renamed the messages “Notices to Air Missions,” commonly known as NOTAMs, saying it was “inclusive of all aviators…
(Reuters) -A consortium of investors led by billionaire Elon Musk is offering $97.4 billion to buy the nonprofit that controls artificial intelligence startup OpenAI, the Wall Street Journal reported on Monday. Musk’s attorney, Marc Toberoff, said he submitted the bid to OpenAI’s board on Monday, according to the report. “It’s time for OpenAI to return…
By Arriana McLymore (Reuters) -Amazon.com removed a reference to “inclusion and diversity” in its annual report filed on Thursday, after it told employees in a December memo that it was winding down its programs as part of corporate America’s broader retreat from such policies. Some of America’s biggest businesses have been scaling back diversity initiatives,…
By Alexandra Alper and Raphael Satter WASHINGTON (Reuters) – One of the people working with billionaire Elon Musk in his efforts to overhaul the U.S. government is a Berkeley-educated computer scientist who has boosted white supremacists and misogynists online. Gavin Kliger lists his job on LinkedIn as “Special Advisor to the Director” at the Office…
By Saeed Azhar (Reuters) -Bank of America has agreed to buy a $9 billion portfolio of residential mortgage loans from Toronto-Dominion Bank, a source familiar with the matter said on Friday. TD did not immediately respond to a request for comment. The Canadian lender’s CEO Raymond Chun had said at a banking conference in January…
By Andrew Goudsward, Nate Raymond and Daphne Psaledakis WASHINGTON (Reuters) -A U.S. judge is weighing whether to temporarily block the Trump administration from dismantling the U.S. Agency for International Development and carrying out plans to put thousands of its workers globally on administrative leave at midnight. U.S. District Judge Carl Nichols in Washington on Friday…
By Anna Tong, Akash Sriram SAN FRANCISCO (Reuters) -ChatGPT maker OpenAI said on Thursday that it is evaluating U.S. states as potential artificial intelligence data center locations for its massive Stargate venture, framing the project as a matter of urgency for the United States to beat China in the global AI race. “As news emerged…
By Michael S. Derby NEW YORK (Reuters) – The full suite of tariffs sought by the Trump administration would have created notable upward pressure for already high levels of inflation, a report by the Federal Reserve Bank of Boston released on Thursday said. The 25% tariffs Trump was to impose on Mexico and Canada, joined…
WASHINGTON (Reuters) -Agents working for billionaire Elon Musk have accessed highly restricted government records on millions of federal employees maintained by the Office of Personnel Management, the Washington Post reported on Thursday, citing four U.S. officials with knowledge of the developments. The records accessed by Musk’s Department of Government Efficiency (DOGE) included Treasury and State…
