By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve, which wraps up its latest monetary policy meeting on Wednesday, is about to enter one of the more challenging periods of managing what most observers believe is the approaching endgame for its balance sheet drawdown.  That’s because even as the Fed is expected in coming months to get financial sector liquidity down to levels that will allow it to stop rolling off expiring Treasury … Read more…

(Reuters) – Upon returning to office, U.S. President Donald Trump has launched numerous tariff threats. They range from broad ones – a universal tariff on foreign-imported goods – to ones aimed at specific sectors, regions, or at specific countries in an effort to get others to meet his policy demands. However, Trump’s threats have changed over time, ranging from small levies to ones exceeding 200%, leaving other nations and businesses unclear of what is to … Read more…

(Reuters) – Microsoft-backed artificial intelligence (AI) bellwether OpenAI has launched ChatGPT Gov, a tailored version of ChatGPT designed for U.S. government agencies, it said in a blog post on Tuesday. OpenAI said the agencies can deploy ChatGPT Gov in their own Microsoft Azure commercial cloud, and will have access to many of the features and capabilities of ChatGPT Enterprise, including custom GPTs. The launch comes hours after CEO Sam Altman said in a post on … Read more…

COPENHAGEN (Reuters) -Denmark said on Monday it would spend 14.6 billion Danish crowns ($2.05 billion) boosting its military presence in the Arctic, following renewed interest by U.S. President Donald Trump in controlling Greenland, a semi-autonomous Danish territory. This month, Trump said Greenland is vital to U.S. security and Denmark must give up control of the strategically important Arctic island. Following more than a decade of drastic cuts in defence spending, last year Denmark allocated 190 … Read more…

By Jonathan Stempel NEW YORK (Reuters) – Citigroup can force military personnel to arbitrate claims that its Citibank unit charged unfairly high interest rates on their credit card balances after they returned to civilian life, a federal appeals court panel ruled on Monday. Reversing a trial judge, the 4th U.S. Circuit Court of Appeals in Richmond, Virginia, said Congress did not intend when adopting the Servicemembers Civil Relief Act (SCRA) to override a federal law … Read more…

By Aditya Soni and Zaheer Kachwala (Reuters) – Chinese startup DeepSeek’s cheaper AI is sharpening investor scrutiny of the billions U.S. tech giants are pouring to develop the technology and analysts say it will dominate this week’s much-awaited results from industry bellwethers. DeepSeek has claimed it took just two months and cost under $6 million to build an AI model using Nvidia’s less-advanced H800 chips. An app powered by the V3 model became the top … Read more…