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(This story has been refiled to remove an incorrect picture) By Lisa Baertlein LOS ANGELES (Reuters) -Importer uncertainty ahead of the vital holiday ocean shipping season remains high, the executive director of the busiest port in the U.S. said on Thursday, as a court battle broke out over President Donald Trump’s trade tariffs. A U.S. …

Court battle over Trump tariffs prolongs shipper uncertainty as holiday season nears Read More »

By Neil J Kanatt (Reuters) -Costco Wholesale missed analyst expectations for third-quarter revenue on Thursday and said it had pulled forward shipments of some goods it had planned to import this summer to lower the impact of U.S. tariffs. The membership-only retail chain said raising prices would be a “last resort”, unlike larger rival Walmart, …

Costco misses sales expectations, but says it won’t raise prices yet Read More »

By Manya Saini and Nupur Anand (Reuters) -Wells Fargo on Thursday moved a step closer to getting its asset cap lifted after a top U.S. regulator lifted a 2015 punishment on the bank, leaving it with one more major hurdle to clear. The move by the U.S. Office of the Comptroller of the Currency marks …

Wells Fargo moves closer to lifting asset cap after US regulator closes consent order Read More »

(Reuters) -OpenAI said it should be allowed to keep its countersuit against billionaire Elon Musk, saying the Tesla CEO’s motion to dismiss the ChatGPT maker’s claims has “no grounding in facts”. In a court filing late on Wednesday, OpenAI said its countersuit – which accuses Musk of engaging in fraudulent business practices under California law …

OpenAI argues to keep countersuit against Musk in trial over for-profit shift Read More »

By Karen Brettell NEW YORK (Reuters) -The dollar fell on Thursday as investors prepared for U.S. President Donald Trump to battle a U.S. trade court ruling on Wednesday that blocked most of his proposed tariffs. A federal appeals court late on Thursday, however, reinstated Trump’s levies on imports. The order from the United States Court …

US dollar drops as investors prepare for court battle on tariffs Read More »

(Reuters) -Synopsys suspended its annual and quarterly forecasts just a day after issuing them, as new U.S. export restrictions on China cast uncertainty over its ability to sell chip design software in the key market. Shares of the company were down marginally in extended trading after closing the session nearly 2% lower. The company said …

Synopsys suspends forecasts after US cracks down on China chip software exports Read More »