Browsing: Business

CALIFORNIA: A published report on Friday said Nvidia is in talks to invest up to $30 billion in OpenAI, a figure that would rank among the largest single equity checks into an artificial intelligence company. Nvidia and OpenAI have not announced any such

WASHINGTON: Federal Reserve officials showed a widening split over the next direction for U.S. interest rates, with some prepared to reduce borrowing costs if inflation cools and others wanting to keep rates steady longer, according to minutes released Feb. 18 from

MISSOURI: Bayer said its Monsanto unit has agreed to a proposed settlement valued at up to $7.25 billion to resolve thousands of U.S. lawsuits alleging that the Roundup weedkiller caused cancer. The proposed nationwide agreement was filed in the Circuit Court of the

WASHINGTON: U.S. beef prices rose 15.0% over the past year, outpacing many grocery staples as cattle supplies tightened across the supply chain. The Bureau of Labor Statistics reported the year over year increase in its January Consumer Price Index data released Feb.

NEW YORK: Silver prices fell sharply on Thursday, extending a volatile run for the metal as fresh U.S. labor data pushed the U.S. dollar higher and pressured precious metals. Spot silver was down 8.9% at $76.54 per ounce by early afternoon in

WASHINGTON: The U.S. national debt is projected to climb to about $64 trillion within the next decade as federal deficits remain elevated, according to a new 10 year outlook from the Congressional Budget Office. The nonpartisan budget office said annual shortfalls are expected

NEW YORK: Wall Street ended sharply lower on Thursday as declines in technology stocks pulled major U.S. indexes down and losses broadened across the market. The Nasdaq Composite slid 469.32 points, or 2.03%, to 22,597.15. The S&P 500 fell 108.71 points, or

NEW YORK: Gold prices edged lower on Thursday as the U.S. dollar firmed after stronger than expected U.S. jobs data, cooling expectations for near term interest rate cuts. Spot gold was down 0.5% at $5,055.24 an ounce by 0642 GMT, after closing

INDIANA: Meta Platforms has begun construction on a more than $10 billion data center campus in Lebanon, Indiana, a project the company says will be capable of delivering up to 1 gigawatt of computing capacity once operational. The parent company of

WASHINGTON: A new Tax Foundation estimate says tariffs imposed under President Donald Trump increased costs for U.S.  households by an average of about $1,000 in 2025, describing the impact as similar to a broad-based tax increase. The group also estimated the tariffs