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(Reuters) – Bank of America has hired JPMorgan Chase veteran Mike Marino as the Georgia market executive of its private bank, according to an internal memo seen by Reuters on Friday. Marino, with over three decades of banking experience, was at JPMorgan since 1999. He was most recently the vice chairman of South Atlantic region at …

Bank of America hires former JPMorgan executive to strengthen private bank, memo says Read More »

By Timothy Gardner and Valerie Volcovici WASHINGTON (Reuters) – The administration of U.S. President Donald Trump has laid off about 1,200 to 2,000 workers at the Department of Energy, including employees at a power grid office, the nuclear security administration and the loans office, three sources familiar with the matter said on Friday. Democratic lawmakers …

Sweeping US energy department layoffs hit offices of loans, nuclear security, sources say Read More »

By Carolina Mandl NEW YORK (Reuters) – Hedge fund giant Bridgewater Associates added shares of Tesla to its portfolio in the fourth quarter, while it trimmed exposure to the rest of the “Magnificent Seven” group of U.S. tech and growth stocks, a regulatory filing showed. The firm founded by investor Ray Dalio ended December with …

Bridgewater adds Tesla stake, reduces rest of ‘Magnificent 7’ Read More »

By Timothy Gardner and Jarrett Renshaw WASHINGTON (Reuters) -U.S. President Donald Trump’s administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year. The exports are approved to go to …

Trump approves LNG exports, creates energy council to boost US oil, gas Read More »

PALM DESERT, California (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed’s 2% goal in coming months, the U.S. central bank should not necessarily reduce short-term borrowing costs in response.      “I think there’s a real question about how restrictive monetary policy is …

Fed’s Logan calls for caution on rate cuts, even if inflation cools Read More »

By Wa Lone and Kyaw Soe Oo BARRIE, Ontario – Canadian flagmaker Flags Unlimited’s sales have doubled from a year earlier, the company’s owners said, as tensions with the neighboring United States fuel a wave of patriotism. The increase in sales comes ahead of Canada’s national flag day on February 15, marking the 60th anniversary …

Canadian flag sales surge after Trump threats Read More »

NEW YORK (Reuters) – A U.S. judge on Friday extended a temporary block on Elon Musk’s government cost-cutting team, known as DOGE, from accessing Treasury Department systems responsible for trillions of dollars in payments. U.S. District Judge Jeannette Vargas in Manhattan said at a hearing that she would not yet rule on a request from 19 …

Judge extends block on Elon Musk’s DOGE from accessing Treasury systems Read More »

(Reuters) -Elon Musk’s xAI is discussing to raise $10 billion that could value the artificial intelligence startup at about $75 billion, Bloomberg News reported on Friday, citing a person familiar with the matter. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are in talks to participate in the transaction, the report said. …

Musk’s xAI in talks to raise $10 billion at $75 billion valuation, Bloomberg News reports Read More »