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By Michael Martina and Kanishka Singh WASHINGTON (Reuters) -The U.S. government-funded Radio Free Asia told hundreds of U.S.-based staff on Wednesday they will be put on unpaid leave from the end of this week after President Donald Trump’s administration said it was terminating the outlet’s funding. RFA spokesperson Rohit Mahajan told Reuters the administration’s move …

Radio Free Asia puts most staff on unpaid leave after grant termination Read More »

By Stephen Nellis and Max A. Cherney SAN JOSE, California (Reuters) -Nvidia CEO Jensen Huang said on Wednesday that his company had not been approached about purchasing a stake in Intel. During a press conference at Nvidia’s annual developer conference in San Jose, California, Huang was asked whether Nvidia was part of a consortium with …

Nvidia CEO says company has not been asked to buy a stake in Intel Read More »

By Jarrett Renshaw and Trevor Hunnicutt (Reuters) – U.S. President Donald Trump hosted top oil executives at the White House on Wednesday as he charted plans to boost domestic energy production in the midst of falling crude prices and looming trade wars.  It was Trump’s first sit-down with oil and gas leaders since he returned …

Trump pushes energy dominance agenda in meeting with US oil executives Read More »

By Jasper Ward (Reuters) – The University of California has imposed a system-wide hiring freeze and made additional cuts, its president said on Wednesday, as part of efforts to try to mitigate the impact of sharp cuts in federal funding. In a letter to staff and students, the school’s president, Michael Drake, said he has …

University of California sets hiring freeze in anticipation of Trump cuts Read More »

By Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve said on Wednesday that starting next month it will slow the pace of its balance sheet drawdown amid an ongoing impasse over lifting the government’s borrowing limit, a shift that will likely hold for the remainder of the process. The announcement came as part of a …

Fed says it will slow balance sheet runoff process Read More »

NEW YORK (Reuters) – Foreign holdings of U.S. Treasuries held steady in January from the previous month, rising from levels a year earlier, data from the Treasury Department showed on Wednesday, suggesting demand for government debt in the world’s largest economy remained intact. Holdings of U.S. Treasuries tallied at $8.526 trillion in January, unchanged from …

Foreign holdings of US Treasuries steady in January, up from year earlier -data shows Read More »

By Echo Wang NEW YORK (Reuters) -CoreWeave, the artificial intelligence startup backed by Nvidia, is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on Wednesday. The price range, which has not been previously …

Exclusive-CoreWeave to ask for $47 to $55 per share in IPO, sources say Read More »