Reuters US Business

WASHINGTON (Reuters) -Both Federal Reserve vice chairs, Michelle Bowman and Philip Jefferson, as well as Dallas Fed President Lorie Logan are under consideration to serve as the next chair of the U.S. central bank, Bloomberg News reported on Monday, citing two administration officials. U.S. Treasury Secretary Scott Bessent is leading a search for a successor …

Fed vice chairs, Dallas Fed president being considered for next chair, Bloomberg reports Read More »

(Reuters) -GitHub Chief Executive Thomas Dohmke said on Monday he will leave the Microsoft-owned code-hosting platform to launch a new startup, capping a tenure that included a major push into artificial intelligence through the company’s Copilot products. Dohmke, who moved to the U.S. from Germany more than a decade ago after selling his startup to …

GitHub CEO Thomas Dohmke to step down, plans new startup Read More »

By Zaheer Kachwala (Reuters) -Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, banking on surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up about 3%. Semiconductor makers such as Micron have seen a surge in orders for their high-bandwidth memory (HBM) chips due to …

Micron raises forecasts as AI boosts memory chip demand Read More »

By Suzanne McGee and Isla Binnie NEW YORK (Reuters) -The new White House order directing regulators to expand access to alternative investments in 401(k) plans, like crypto or privately owned companies adds a new layer of risk to the retirement portfolios for ordinary investors that they may not fully understand, investment professionals say. “This is …

Trump’s 401(k) order offers retirement savers crypto, private assets, but also higher fees and more risk Read More »

(Reuters) -Video platform Rumble, which hosts U.S. President Donald Trump’s Truth Social, is weighing boosting its global AI cloud capabilities by acquiring Germany’s Northern Data, the companies said. Rumble said it was considering making an offer for the company which would give it control of Northern Data’s cloud business, Taiga, and its large-scale data center …

Truth Social host Rumble weighs near $1.2 billion deal for Northern Data Read More »

(Reuters) -Intel CEO Lip-Bu Tan was due to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, a source familiar with the matter said.  Intel and the White House did not immediately respond to requests for comment. Tan is expected to have an extensive conversation with Trump …

Intel CEO to visit White House on Monday, source says Read More »