Finance

As Trump’s deadline for a cap on credit card rates looms, banks have only questions and no answers

As Trump’s deadline for a cap on credit card rates looms, banks have only questions and no answers

NEW YORK (AP) — President Donald Trump a week ago told the credit card industry it had until Jan. 20 to comply with his demand for a 10% cap on interest rates. With just days to go, consumer group...

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Analysis-American CEOs push back on Trump … mildly

Analysis-American CEOs push back on Trump … mildly

By Ross Kerber Jan 17 (Reuters) – Speaking before a darkened ballroom on Thursday, U.S. Chamber of Commerce CEO Suzanne Clark called on executives to be “fearless” in defense of...

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Musk seeks up to $134 billion from OpenAI, Microsoft in ‘wrongful gains’

Musk seeks up to $134 billion from OpenAI, Microsoft in ‘wrongful gains’

By Bipasha Dey Jan 17 (Reuters) – Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing he deserves the “wrongful gains” that they received ​from his early s...

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Netflix, Warner Bros bonds among $100 million purchased by Trump

Netflix, Warner Bros bonds among $100 million purchased by Trump

By Nandita Bose WASHINGTON, Jan 16 (Reuters) – U.S. President Donald Trump purchased about $100 million in municipal and corporate bonds ​from mid-November to late December, his latest discl...

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Nvidia H200 chip parts suppliers halt output after China blocks shipments, FT reports

Nvidia H200 chip parts suppliers halt output after China blocks shipments, FT reports

Jan 16 (Reuters) – Suppliers of parts for Nvidia‘s H200 have paused production after Chinese customs officials blocked shipments ​of the newly approved artificial intelligence processo...

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STB rejects “incomplete” UP-NS merger application

STB rejects “incomplete” UP-NS merger application

Union Pacific and Norfolk Southern have more homework to do after federal regulators late Friday gave their 7,000-page merger application an incomplete instead of a passing grade. The Surface Tran...

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