US likely to ban Chinese app DeepSeek from government devices, WSJ reports

(Reuters) – The Trump administration is likely to ban Chinese AI chatbot DeepSeek from U.S. government devices over national-security concerns, the Wall Street Journal reported on Friday, citing unnamed sources. U.S. officials are worried about DeepSeek’s handling of user data, which the company says it stores in servers located in China, the report said. Administration officials were also considering banning the chatbot from app stores and putting limits on how U.S.-based cloud service providers could … Read more…

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Fed expected to cut rates in June as jobs data raises potential red flags

(Reuters) – The Federal Reserve will head into its March 18-19 policy meeting with the labor market strong overall but showing some potential early signs of weakening, a development that could put the U.S. central bank in a tough spot if inflation remains high and the Trump administration’s tariffs add to price pressures. U.S. job growth picked up in February, the Labor Department reported on Friday, with employers adding 151,000 jobs. That’s well above the monthly … Read more…

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The Tariff Debacle – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) The Nasdaq Composite led the indexes lower for the month of February, off 4% as the late Friday rally was short lived. The Dow Jones Industrial Average, the S&P 500 and the small cap value stock Russell 2000 struggled both losing to end the month. Tariff jockeying by President Trump continued to unsettle investors and traders. President Trump and Ukraine President Volodymyr Zelensky sparred in White House discussions regarding … Read more…

Chinese AI firm iFlyTek eyes Europe expansion as US trade war heats up

BARCELONA (Reuters) – Chinese artificial intelligence firm iFlyTek is planning to expand its European business as trade tensions rise between the United States and China, Vice President Vincent Zhan said. “The U.S. and China trade war has some impact for us,” Zhan said in an interview on the sidelines of the Mobile World Congress in Barcelona this week, adding that North America is the company’s largest market outside China in terms of demand. Zhan said … Read more…

US House panel subpoenas Alphabet over content moderation

(Reuters) – The U.S. House Judiciary Committee subpoenaed Alphabet on Thursday seeking its communications with former President Joe Biden’s administration about content moderation policies. House Judiciary Committee Chairman Jim Jordan, a Republican, also asked the YouTube parent company for similar communications with companies and groups outside government, according to a copy of the subpoena seen by Reuters. The subpoena seeks communications about limits or bans on content about President Donald Trump, Tesla CEO and close … Read more…

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Reddit unveils new content moderation and analytics tools to boost user engagement

(Reuters) -Reddit on Thursday launched tools aimed at helping people adhere to community rules and better understand content performance, its latest step to boost engagement on the platform. The announcement follows a recent slowdown in quarterly user growth due to a change in Google’s algorithm that impacted traffic from the search engine. The traffic from Google has, however, recovered, CEO Steve Huffman said last month. Like its rivals, including Meta , Reddit has been investing … Read more…

Explainer-Why would the US government shut down?

By Andy Sullivan WASHINGTON -Large swaths of the U.S. government would be forced to stop operating at midnight on March 14 if Congress does not pass detailed spending legislation that would keep agencies running.  WHY WOULD THE GOVERNMENT SHUT DOWN? Congress is supposed to allocate funding to 438 government agencies before October 1, the start of the fiscal year. But lawmakers rarely meet this deadline and routinely pass temporary spending bills to keep the government … Read more…

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ECB to cut rates again as trade wars, defence cloud the outlook

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is set to cut interest rates again on Thursday in what is likely to be its last easy decision for a while as trade wars and rearmament drive the continent’s biggest economic policy upheaval in decades. With the outlook shifting at a faster pace than economic models can match and its policymakers increasingly split about the need for more support, the focus … Read more…

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Silicon Valley Bank’s former parent sues to reclaim tarnished brand

By Jonathan Stempel (Reuters) – The North Carolina lender that bought much of Silicon Valley Bank following its March 2023 seizure was sued for trademark infringement on Wednesday by the collapsed bank’s former parent. SVB Financial Trust said First Citizens BancShares never acquired or got permission to use the Silicon Valley Bank name, chevron logo, svb.com domain name and “Make Next Happen Now” slogan when it bought many of the bank’s assets at a discount, … Read more…

Tesla to build new megafactory in Texas, Electrek reports

(Reuters) – Tesla is going to build a new megafactory near Houston to operate a battery storage facility, Electrek reported on Wednesday, citing a tax abatement agreement with Waller County in Texas. The electric vehicle company is going to build and manage its Megapack energy products in over a 1-million-square-foot building near Katy, Texas, according to the report. Under the tax agreement, the company will receive abatements from the county based on property upgrades, including … Read more…