Reuters US Business

By Stephen Nellis SAN FRANCISCO (Reuters) -Cerebras Systems, a Silicon Valley startup aiming to take on Nvidia by producing a dinner-plate-sized AI computing chip, on Tuesday said it raised $1.1 billion and added 1789 Capital, the venture firm where Donald Trump Jr. is a partner, as an investor. Cerebras said the funding round, which was …

AI chip firm Cerebras raises $1.1 billion, adds Trump-linked 1789 Capital as investor Read More »

(Reuters) -The Trump administration will auction off coal leases on federal lands in four U.S. states in the coming days, a key test of mining industry interest in its efforts to revive a sector in decline. The sales in Alabama, Montana, Utah and Wyoming will be the first since President Donald Trump’s administration rolled out …

US coal auctions will test industry appetite for Trump mining revival Read More »

By Blake Brittain and Jan Wolfe WASHINGTON (Reuters) -A federal judge in Washington ordered the Trump administration on Monday to pause the layoffs of hundreds of employees from the agency that owns the U.S. news service Voice of America, adding that government officials had shown “concerning disrespect” for the court’s directives. U.S. District Judge Royce Lamberth …

US court suspends Trump layoff of hundreds at Voice of America Read More »

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said on Tuesday that she’s open to more interest rate cuts amid expectations price pressures will start to wane sometime next year. “It may be appropriate to ease the policy rate a bit further this year – but the data …

Fed’s Collins notes openness to cutting rates again,  depending on data Read More »

By Tim Reid, Courtney Rozen, Valerie Volcovici and Leah Douglas WASHINGTON (Reuters) -More than 150,000 federal employees will leave the U.S. government payroll this week after accepting buyouts – the largest single-year exodus of civil servants in nearly 80 years, triggering what unions and governance experts warn is a damaging loss of institutional expertise. The …

US government faces brain drain as 154,000 federal workers exit this week Read More »

(Reuters) -Boeing is in the early stages of developing a new single-aisle airplane that would eventually replace the 737 MAX, the Wall Street Journal reported on Monday, citing people familiar with the matter. Reuters could not immediately confirm the report. Rolls-Royce declined to comment, while Boeing did not respond to a Reuters’ request for comment.  …

Boeing in early stages of developing 737 MAX replacement, WSJ reports Read More »