By Pete Schroeder WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau announced on Friday that it intends to continue supervising financial institutions on a limited basis in 2026, signaling a shift from acting Director Russell Vought’s previous pledge to completely dismantle the agency. While the agency has been significantly scaled back under the Trump administration,…
MOSCOW (Reuters) -Russia’s defence ministry said on Wednesday that Ukrainian forces had fired four U.S.-made ATACMS missiles at the southern Russian city of Voronezh in an attempted strike on civilian targets. Ukraine’s military said on Tuesday it had attacked military targets in Russia with U.S.-supplied ATACMS missiles, calling it a “significant development.” Kyiv received the…
By Hannah Lang (Reuters) -Max Levchin, CEO and co-founder of Affirm, which offers buy now, pay later plans, said artificial intelligence is poised to transform shopping by taking over human tasks and making financial products more transparent. AI agents will soon be able to instantly weed out products with prohibitively high interest rates or late…
By Courtney Rozen WASHINGTON (Reuters) -U.S. President Donald Trump’s Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a symbol of Trump’s pledge to slash the government’s size but which critics say delivered few measurable savings. “That doesn’t exist,” Office of Personnel Management Director…
By Siyanda Mthethwa JOHANNESBURG (Reuters) -Walmart opened its first store in South Africa on Saturday, marking the U.S. retail giant’s debut on the African continent as it seeks a stake in a competitive market. More than a hundred shoppers queued for hours outside the store to take advantage of Walmart’s “Everyday Low Prices” and shop…
(This November 17 story is repeated without any changes to the text) By Dietrich Knauth NEW YORK (Reuters) -A Tennessee state court judge temporarily blocked on Monday Republican Governor Bill Lee’s deployment of National Guard troops to the city of Memphis, ruling that the use of troops was likely not legal under the state’s militia…
ZURICH (Reuters) -Novartis will expand its operations in North Carolina and build a manufacturing hub there as part of a planned $23 billion of U.S. infrastructure investment over the next five years, the Swiss pharmaceuticals company said on Wednesday. The expansion is projected to create 700 new positions at Novartis and more than 3,000 indirect…
By Karen Freifeld (Reuters) -The U.S. Justice Department has charged four people in a scheme to illegally export Nvidia AI chips to China, prompting a key House Republican to call for urgent passage of a chip-tracking bill on Thursday. “China recognizes the superiority of American AI innovation and will do whatever it must to catch…
WASHINGTON (Reuters) -The U.S. Bureau of Labor Statistics said on Friday it had canceled the release of October’s consumer price report because the recently ended government shutdown had prevented the collection of data. “BLS is unable to retroactively collect these data. For a few indexes, BLS uses nonsurvey data sources instead of survey data to…
By Dawn Chmielewski and Chris Sanders (Reuters) -Paramount Skydance, Comcast and Netflix are bidding to buy Warner Bros Discovery, Reuters reported on Thursday, but each company’s bid faces its own political and regulatory risks. Factors to watch include market share imbalances each bidder could bring, investors and public comments by U.S. President Donald Trump or his…
