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 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…
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…
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…
(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 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…
(Reuters) – Microsoft-backed OpenAI said on Tuesday it will roll out an education-specific version of its chatbot to about 500,000 students and faculty at California State University as it looks to expand its user base in the academic sector and counter competition from rivals like Alphabet . The rollout will cover 23 campuses of the…
WHITE HOUSE (Reuters) – U.S. President Donald Trump on Tuesday signed a presidential memorandum reimposing a tough policy on Iran meant to block the country from achieving a nuclear weapon and to limit its oil exports. Speaking at the Oval Office in the White House, Trump said Iran cannot have a nuclear weapon and that…
