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Nvidia to continue sponsoring H-1B visas, Business Insider reports

(Reuters) -Chipmaker Nvidia’s CEO Jensen Huang said that the company will continue to sponsor H-1B visas and cover all associated costs following U.S. President Donald Trump’s executive order last month that imposed a $100,000 fee on each new application, Business Insider reported on Tuesday. Huang’s reported message, aimed at reassuring employees, comes after panic and …

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Fed’s Miran says calm bond market shows support for rate cuts

NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market’s current relative calm supports a swift push to lower interest rates. Given that market signals in reaction to Fed policy changes can carry valuable feedback in the wake of a policy change, Miran said “I would actually argue that …

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Exclusive-Mercuria, Partners Group pledge US energy investments to help lower Swiss tariffs

By Dave Graham and Dmitry Zhdannikov ZURICH (Reuters) -A group of Swiss companies including energy trader Mercuria and private equity firm Partners Group has pledged over $6 billion in U.S. energy investments as part of efforts to lower U.S. tariffs on Switzerland, two people close to the matter said. U.S. President Donald Trump in August …

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US bank regulator proposes curbs on agency watchdogs

By Pete Schroeder WASHINGTON (Reuters) -A leading U.S. bank regulator proposed rules on Tuesday that would limit how bank examiners can police and address shortcomings within lenders, as the Trump administration continued its efforts to rein in supervision the banking industry has long complained is overly punitive. The Federal Deposit Insurance Corporation approved a pair …

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Chobani urges end to Dannon parent’s cold-brew coffee lawsuit

By Jonathan Stempel NEW YORK (Reuters) -Chobani urged a federal judge to dismiss a lawsuit by Danone, the parent of rival U.S. yogurt brand Dannon, claiming it copied packaging and the “Bright & Mellow” slogan for a competing line of ready-to-drink cold brew coffee. Danone accused Chobani in July of “knowing, calculated, and systematic” trademark …

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Dell raises growth targets for next four years on strong AI server demand

By Jaspreet Singh (Reuters) -Dell on Tuesday nearly doubled its annual profit growth target for the next four years, betting on robust demand for its servers that power artificial intelligence workloads. The company, whose customers include Elon Musk’s AI startup xAI and CoreWeave, lifted its expectations for annual growth in adjusted earnings per share to …

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Colombia has best coffee harvest in decades, warns of lower 2025/26 crop

BOGOTA (Reuters) -Colombia closed its best coffee year in more than three decades, boosted by favorable weather conditions and the impact of crop renewal, although production is expected to decline in the upcoming cycle, the National Federation of Coffee Growers said on Tuesday. Coffee production in the world’s third-largest producer after Brazil and Vietnam, rose …

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Chevron names Kevin McLachlan as VP of exploration

(Reuters) -Chevron Corp on Tuesday named Kevin McLachlan as vice president of exploration, succeeding veteran executive Liz Schwarze, who will retire early next year after more than three decades with the U.S. oil major. McLachlan, whose appointment is effective Nov. 1, most recently served as senior vice president of exploration at TotalEnergies. McLachlan, who will …

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McCormick beats quarterly estimates, cuts annual profit view amid tariff woes

(Reuters) -McCormick on Tuesday beat expectations for third-quarter sales and profit, aided by resilient demand for its higher-priced spices and seasonings even as macroeconomic uncertainty loomed over consumer spending. U.S. consumers are shifting away from dining out and increasingly turning to home-cooked meals and meal prep routines, stocking up on pantry staples including McCormick’s Sunshine …

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