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US lawmakers want disclosure of license reviews for Nvidia H200 chip sales to China
WASHINGTON, Dec 22 (Reuters) – Two senior Democratic lawmakers on Monday asked the U.S. Commerce Department to disclose details and any approvals of ongoing license reviews for potential sales to Chinese firms of Nvidia’s second-most powerful AI chips. President Donald Trump this month said he would allow sales of Nvidia’s H200 chips to China, with […]
Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Dec 22 (Reuters) – Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle to […]
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
NEW YORK, Dec 22 (Reuters) – A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, […]
Dominion wind farm among 5 projects paused by Trump
Trump administration orders 90-day pause on five East Coast offshore wind projects, including Dominion Energy's $10.9 billion Coastal Virginia Offshore Wind.
Trump signs order to ease US marijuana regulations, sparking industry hopes
WASHINGTON, Dec 18 (Reuters) – U.S. President Donald Trump on Thursday signed an order directing the loosening of federal regulations on marijuana, a move that could further reverse decades of tough-on-weed policy. Trump‘s order instructs the attorney general to quickly move ahead with reclassifying marijuana. If that happens, the psychoactive plant would be listed alongside […]
Wall St closes higher fueled by tech rally, soft inflation data
Dec 18 (Reuters) – Wall Street’s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron’s blowout forecast signaled strong AI demand. The Consumer Price Index report showed that consumer prices increased less than expected in the year to November. The […]
Trump Media bets on fusion energy with $6 billion TAE deal
Dec 18 (Reuters) – U.S. President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding. The all-stock deal announced on Thursday is an ambitious bet […]
US consumer prices increase less than expected in November
U.S. CPI rose 2.7% in November, below forecasts, lifting bets on a January Fed rate cut after shutdown-hit data and markets rallied.
US House Republicans block move for quick vote on health subsidy extension
WASHINGTON, Dec 17 (Reuters) – An expanded U.S. federal healthcare subsidy that grew out of the pandemic looked all but certain to expire on December 31, as Republicans on Wednesday blocked a last-ditch effort by Democrats to maintain it. By a vote of 204-203, the House voted to stop the last-minute move by Democrats, aided […]
Fed’s Waller says he ‘absolutely’ would defend US central bank’s independence
NEW YORK, Dec 17 (Reuters) – Federal Reserve Governor Christopher Waller, who is on the short list to succeed Fed Chair Jerome Powell next year, said on Wednesday he would “absolutely” defend the central bank’s independence if it were challenged by a U.S. president. Waller, who is set to meet with President Donald Trump about […]
