By Niket Nishant and Manya Saini (Reuters) -JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year. Fewer than 1,000 employees are going to be laid off in February, according to Barron’s, which first …
JPMorgan Chase begins planned layoffs for 2025, source says Read More »
By David Shepardson WASHINGTON (Reuters) – Federal Communications Commission chair Brendan Carr told NBC News-parent Comcast it is opening a probe into the company’s promotion of diversity, equity and inclusion programs, according to a letter seen by Reuters. “The FCC will be taking fresh action to ensure that every entity the FCC regulates complies with …
FCC to open probe into NBC-parent Comcast over promotion of DEI programs Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased by the most in nearly 1-1/2 years in January, with Americans facing higher costs for a range of goods and services, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy. The hotter-than-expected inflation …
US consumer inflation increases at fastest pace in nearly 1-1/2 years in January Read More »
(Reuters) – Equinix forecast first-quarter and annual revenue below estimates on Wednesday, hurt by a strong dollar amid rising concerns about hefty spending on data center expansion as businesses double down on generative AI adoption. Shares of the company fell more than 2% in extended trading. Massive spending on AI and infrastructure investments has come …
Equinix forecasts quarterly, annual revenue below estimates as strong dollar weighs Read More »
By Elida Moreno PANAMA CITY (Reuters) – Panama has made progress stripping vessels from its registry that do not meet its flag’s standards, the Central American nation’s Maritime Authority said on Wednesday, responding to U.S. criticism that it allowed sanctioned countries to move ships with the Panamanian flag. U.S. officials and congressmen have accused Panama …
Panama vessel registry says it is ‘not a haven for sanctions evasion’ Read More »
WASHINGTON (Reuters) – U.S. President Donald Trump said that he may sign an order on Wednesday to impose reciprocal tariffs on every country that charges duties on U.S. imports.”I may do it later on, or I may do it tomorrow morning, but we’ll be signing reciprocal tariffs,” Trump said to reporters in the Oval Office …
Trump says he may sign reciprocal tariff order on Wednesday Read More »
BRASILIA (Reuters) – Brazil’s Vice President Geraldo Alckmin on Wednesday called for “caution” and said the South American country would seek dialogue with the United States after President Donald Trump’s decision to impose a 25% tariff on steel and aluminum imports. Speaking to reporters in Brasilia, Alckmin said that Brazil was open to dialogue and …
Brazil calls for dialogue with US on trade, suggests steel quotas Read More »
By David Lawder WASHINGTON (Reuters) -The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit in January 2024 due to benefit payment calendar shifts and higher outlays for Social Security, Medicare, interest and other costs, the U.S. Treasury said on Wednesday. The January budget results, …
US posts $129 billion January deficit on calendar shifts, higher outlays Read More »
(Reuters) – OpenAI will not release “o3” as a standalone artificial intelligence model, as the ChatGPT maker looks to simplify its products, CEO Sam Altman said on Wednesday. The Microsoft-backed startup will release a GPT-5 model as a comprehensive AI system that will incorporate o3 along with other technologies, he said in a post on …
OpenAI plans to simplify AI products in new road map for latest models, CEO Altman says Read More »
By Michael S. Derby NEW YORK (Reuters) – Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there’s no imminent end to the central bank’s balance sheet wind down process, as some banks have moved to push back their own end date for a process commonly referred to as …
Fed’s Powell sees a ways to go on shrinking Fed holdings Read More »
