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…
By Arpan Chaturvedi, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -OpenAI faces an uphill climb as it argues that Indian courts cannot hear lawsuits about its U.S.-based business in the country, where Telegram has failed with similar defences and U.S. technology firms have faced government heat on compliance. OpenAI, which counts India as its…
(Reuters) – Short video app TikTok’s owner ByteDance seems to be slow-rolling negotiations for a sale while waiting for approval from the Chinese government, even as President Donald Trump’s allies race to broker a deal to sell it to an American bidder, the Washington Post reported on Wednesday. China is likely to take a hard-line…
(Reuters) -Alphabet’s Google is scrapping its goal to hire more employees from historically underrepresented groups and is reviewing some of its diversity, equity and inclusion (DEI) initiatives, the Wall Street Journal reported on Wednesday. With this, Google joins a slew of U.S. businesses that have been scaling back their diversity initiatives, years after pushing for…
(Reuters) – UnitedHealth has reached out to the U.S. Securities and Exchange Commission about billionaire investor Bill Ackman’s now-deleted post on social media platform X that said he would take a short position in the healthcare conglomerate. WHY IT’S IMPORTANT “If I still shorted stocks, I would short United Healthcare,” Ackman said in his post,…
By Shankar Ramakrishnan NEW YORK (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk’s $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal. The acquisition was funded by a $6.5 billion secured term…
By Waylon Cunningham (Reuters) – U.S. diner chain Waffle House has added a 50-cent surcharge for every egg in a customer’s order, the company said in a statement posted in its restaurants on Monday. The fee is temporary, the company said in a statement Tuesday, and is a response to a “dramatic increase in egg…
