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BlackRock can keep big US utility stakes, regulator rules

BlackRock can keep big US utility stakes, regulator rules

By Ross Kerber(Reuters) -U.S. energy regulators gave BlackRock (NYSE:BLK) renewed permission to own major stakes in public utility companies on Thursday, a win for the world’s top asset manager over politically-charged concerns that it wields too much influence.The decision by the U.S. Federal Energy Regulatory Commission included a concurring opinion by Mark Christie, its Republican chairman. H ...

2025-04-19 01:47:46
US consumer watchdog says it will lay off most remaining staff

US consumer watchdog says it will lay off most remaining staff

By Douglas Gillison and Tim ReidWASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau, the agency created to serve as a watchdog for American consumers against predatory business practices, said on Thursday it planned to dismiss as much as 90% of its remaining workforce, resuming mass firings less than a week after a federal court ruling granted the Trump administration leeway in set ...

2025-04-19 01:45:14
Nvidia faces $5.5 billion charge as US restricts chip sales to China

Nvidia faces $5.5 billion charge as US restricts chip sales to China

By Stephen Nellis and Karen Freifeld(Reuters) -Nvidia on Tuesday said it would take $5.5 billion in charges after the U.S. government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.Nvidia (NASDAQ:NVDA)’s AI chips have been a key focus of U.S. export controls as U.S. officials have moved to keep the most advanced chips from be ...

2025-04-19 01:43:48
Wall Street choppy as Eli Lilly jumps, UnitedHealth plummets

Wall Street choppy as Eli Lilly jumps, UnitedHealth plummets

By Noel Randewich and Lisa Pauline Mattackal(Reuters) -Wall Street stocks ended mixed on Thursday, lifted by Eli Lilly (NYSE:LLY) and Apple (NASDAQ:AAPL), as investors weighed progress in U.S. trade negotiations with Japan against concerns about the interest rate outlook.Traders leaned toward optimism following U.S. President Donald Trump’s comments about "big progress" in the bilatera ...

2025-04-19 01:40:33