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Fintech firm Marquis notifies affected business after ransomware breach

Dec 3 (Reuters) – Fintech firm Marquis is notifying U.S. banks and credit unions after an August ransomware attack allowed hackers to access files containing customer data, according to a company filing on Tuesday. The Texas-based digital and physical marketing vendor detected suspicious activity on its network and later confirmed it had been hit by …

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Trump could decide next year to withdraw from USMCA trade deal, USTR Greer tells Politico

Dec 4 (Reuters) – U.S. President Donald Trump could decide next year to withdraw from the United States-Mexico-Canada trade agreement (USMCA), Politico reported on Thursday, citing U.S. Trade Representative Jamieson Greer.  “The president’s view is he only wants deals that are a good deal. The reason why we built a review period into USMCA was …

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Explainer-Can ‘Trump Accounts’ boost savings for lower-income Americans?

By Lauren Young NEW YORK, Dec 4 (Reuters) – Will “Trump Accounts” help lower-income Americans build wealth? The investment program is part of President Donald Trump’s One Big Beautiful Bill Act, although many details are still unknown. “Overall, anything that pushes families to build savings early is useful in theory, but the mechanics matter more …

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Nvidia servers speed up AI models from China’s Moonshoot AI and others tenfold

By Stephen Nellis SAN FRANCISCO, Dec 3 (Reuters) – Nvidia on Wednesday published new data showing that its latest artificial intelligence server can improve the performance of new models – including two popular ones from China – by 10 times. The data comes as the AI world has shifted its focus from training AI models, where …

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OpenAI agrees to acquire AI startup Neptune to boost model training capabilities

Dec 3 (Reuters) – OpenAI has agreed to acquire Neptune, a startup that provides tools that help companies track their AI model training, the ChatGPT maker said on Wednesday. While OpenAI did not disclose the financial terms of the deal, The Information reported that OpenAI is paying less than $400 million in stock, citing people …

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Taiwan’s UMC in pact with Polar to explore US production of eight-inch chip

By Wen-Yee Lee TAIPEI, Dec 4 (Reuters) – Taiwan chip maker United Microelectronics Corp (UMC) said on Thursday it had signed a memorandum of understanding with U.S.-based Polar Semiconductor to explore collaboration on manufacturing of 8-inch wafers in the United States. In a statement, UMC said the companies would identify products to be made at …

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ProShares withdraws some highly leveraged ETF plans after SEC review halt

Dec 4 (Reuters) – ETF provider ProShares has withdrawn its registration request for some highly leveraged exchange-traded funds after receiving a warning letter from the U.S. securities regulator that flagged risk exposures and paused the review of such plans. Such letters were sent on Tuesday to nine ETF providers, including ProShares, Direxion and GraniteShares, asking …

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Exxon to permanently shut one steam cracker in Singapore from March, sources say

By Trixie Yap SINGAPORE, Dec 4(Reuters) – ExxonMobil plans to wind down from March operations at the older of its two steam crackers on Singapore’s Jurong Island, four sources familiar with the matter said, part of a global petrochemicals sector trend to reduce capacity amid industry losses.  The shutdown of the plant, which opened in …

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Trump praises Nvidia CEO Jensen Huang after discussion about export controls

By Jeff Mason and Stephen Nellis WASHINGTON, Dec 3 (Reuters) – U.S. President Donald Trump said on Wednesday he had visited with Nvidia’s CEO Jensen Huang and said the chip giant executive was aware of where he stood on export controls. “Smart man,” Trump said about Huang when asked about the meeting. Pressed on whether …

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