Reuters US Business

By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok. The glitch in late August let customers deposit big checks in ATMs and withdraw funds immediately …

JPMorgan sues customers over check fraud linked to glitch that went viral Read More »

(Reuters) – Sierra, a software startup co-founded by former Salesforce co-CEO Bret Taylor, has raised $175 million in a new funding round led by Greenoaks Capital that gave it a $4.5 billion valuation, the company said on Monday.  The funding round comes less than a year after the public launch of the young AI startup by …

OpenAI chair’s AI startup Sierra gets $4.5 billion valuation in latest funding round Read More »

By David Shepardson WASHINGTON (Reuters) – Cybersecurity firm CrowdStrike said on Monday it sued Delta Air Lines in U.S. District Court in Georgia after a faulty software update prompted a global outage in July. The July 19 incident led to worldwide flight cancellations and hit industries including banks, healthcare, media companies and hotel chains. CrowdStrike …

CrowdStrike, Delta sue each other over flight disruptions Read More »

By Karen Brettell NEW YORK (Reuters) – The Treasury Department may offer fresh guidance on expected increases in its 2025 debt auctions when it announces its updated refunding plans this week, though uncertainty over the Nov. 5 U.S. elections likely means any details will be minimal. The U.S. government will issue overall borrowing estimates for …

Treasury likely to keep debt plans in place before US elections Read More »

By Max A. Cherney SAN FRANCISCO (Reuters) – Startup Untether launched an artificial intelligence chip on Monday that aims to power AI applications in cars, agricultural devices and other edge-case scenarios, the company said. The flagship AI chips made by Nvidia and Advanced Micro Devices are designed to run inside of data centers tied together with …

Startup Untether launches AI chips Read More »

(Reuters) – U.S. bank Citigroup has moved a “very small” number of its employees from Lebanon into Turkey as the conflict between Israel and Hezbollah escalates, a source familiar with the matter told Reuters on Monday. After nearly a year of exchanging fire across the border, fighting has intensified over the last month, with Israeli …

Citigroup shifts some staff out of Lebanon amid conflict Read More »