Reuters US Business

By Lisa Pauline Mattackal (Reuters) – The rise of “pig butchering” scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis. Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in …

Crypto scams likely set new record in 2024 helped by AI, Chainalysis says Read More »

(Reuters) -Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter. Shares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia’s GB200 semiconductors to …

Dell nears deal to sell $5 billion in AI servers to xAI, Bloomberg News reports Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales dropped by the most in nearly two years in January, likely weighed down by frigid temperatures, wildfires and motor vehicle shortages, suggesting a sharp slowdown in economic growth early in the first quarter. But the larger-than-expected and across the board decline in retail sales reported by the …

US retail sales post biggest drop in nearly two years amid winter freeze Read More »

(This Feb. 13 story has been corrected to reflect that the New Jersey offshore wind port is 220 acres, not 2200 acres, in paragraph 14) By Nichola Groom (Reuters) – Companies that committed to investments in U.S. offshore wind infrastructure and supply chains are scrapping their plans as the projects they were meant to serve …

Trump hostility to US offshore wind reverberates through supply chain Read More »

By David Morgan WASHINGTON (Reuters) – As congressional Republicans try to extend President Donald Trump’s 2017 tax cuts, some are considering an unusual plan to make them permanent while avoiding the political pain of massive spending cuts to pay for them: Argue that they will not deepen the federal deficit. The Republicans who chair the …

To extend Trump’s 2017 tax cuts, Republicans seek to overlook the cost Read More »

By Douglas Gillison, Nupur Anand, Chris Prentice and Pete Schroeder NEW YORK (Reuters) -A new category of employees at the U.S. Consumer Financial Protection Bureau received termination notices on Thursday, according to five sources and termination letters, in a sign that the Trump administration was going beyond probationary employees as it looks to fire federal …

US consumer watchdog broadens layoffs beyond probationary staff, sources say Read More »

By Laura Gottesdiener and Stephen Eisenhammer (Reuters) -Days after U.S. President Donald Trump ended duty-free entry for cheap Chinese goods entering the U.S., his administration put the order on hold after more than a million packages piled up at New York’s John F. Kennedy International Airport. It was the result of a rushed, confusing policy …

Trump closed a loophole for low-cost imports ‒ until all hell broke loose Read More »

The New York Giants are putting a limited stake in the team on the market, with the process likely to set a record for an NFL franchise valuation, Sports Business Journal reported on Thursday. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New …

Report: Giants looking to sell limited stake in team Read More »