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 ...
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 ...
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 ...
By Sriparna Roy(Reuters) -UnitedHealth has traditionally been a company investors saw as reliable, having not missed earnings estimates since the 2008 global financial crisis.Until Thursday. The country’s largest insurer by market value fell far short of expectations with its quarterly earnings, leading to its worst one-day selloff in more than a quarter-century. Its subsequent conference c ...