By Dietrich Knauth NEW YORK (Reuters) -A U.S. judge dismissed the state of California’s challenge to President Donald Trump’s tariffs, allowing the state to file an appeal over the court’s ruling that the dispute should have been filed in a specialized U.S. trade court in New York. The ruling, handed down late on Monday by…
(Reuters) -JPMorgan Chase has given Marianne Lake, widely seen as a potential successor to CEO Jamie Dimon, the additional responsibility of managing its overseas consumer banking arm and strategic growth office, according to an internal memo on Tuesday. The change comes as incumbent Sanoke Viswanathan resigned as the CEO of JPMorgan’s international consumer and wealth…
(Reuters) -The Texas health department on Friday reported 738 cases of measles in the state, up by nine additional cases since its last update on Tuesday. The U.S. is battling one of the worst outbreaks of measles it has seen, with over 1,000 cases reported for the first time in five years and three confirmed…
(Reuters) -Rivian Automotive is working with JPMorgan Chase on a potential high-yield bond sale, in part to refinance its upcoming debt, Bloomberg News reported on Friday, citing people familiar with the transaction. The EV maker is looking to raise as much as $2 billion, partly to replace existing bonds that mature in 2026, the report…
By Mike Stone WASHINGTON (Reuters) -When the Trump administration cut federal funding to Harvard University, it abruptly ended an estimated $180 million that the federal government had poured into U.S. military projects at Harvard in recent years, according to an analysis from a defense software company. The Trump administration announced in April that it was…
By Timothy Gardner WASHINGTON (Reuters) -The U.S. on Friday said Holtec’s planned restart of the Palisades nuclear power plant in Michigan would not harm the environment, a needed step in its plan to become the first such plant to return from permanent shutdown. The Nuclear Regulatory Commission conducted the environmental review of the Palisades reactor…
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes that if big tariffs could be avoided, either through trade deals or otherwise, the U.S. central bank could likely cut interest rates given the underlying strength of the economy and the direction of inflation. Comparing the economic effect of tariffs to a…
By Tatiana Bautzer NEW YORK (Reuters) -Goldman Sachs President John Waldron said on Thursday that the outlook for investment banking remains “quite good.” The bank’s pipeline for deals worldwide is strong despite uncertainty over timing as U.S. tariff policies roil markets and stall activity, he told investors at a conference. “Our investment banking business is…
(Reuters) -Top mutual fund manager Vanguard Group on Thursday said it would roughly triple to 10 million the number of investors eligible to direct proxy votes in their funds, continuing an effort that would reduce the firm’s direct impact on shareholder elections. Closely-held Vanguard said it added four equity index funds to its “Investor Choice”…
By Jaspreet Singh (Reuters) -The New York Times is allowing Amazon.com to use its editorial content for artificial intelligence products such as Alexa, marking the publisher’s first licensing deal tied to generative AI. The multi-year agreement lets Amazon use news articles from The Times and content from NYT Cooking and sports website The Athletic, the…
