By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) – A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its activities on Monday, days after BlackRock, the world’s biggest investor, left amid a political backlash in the United States. BlackRock, which manages some $11.5 trillion inassets, left […]
Biggest US banks ready mortgage relief for victims of Los Angeles wildfires
(Reuters) -JPMorgan Chase and Bank of America are preparing to ease mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple with one of the most destructive natural disasters in the city’s history. Chase Home Lending is providing disaster forbearance for mortgage customers affected by the wildfires, parent firm JPMorgan said […]
Biden forgives student loans for 150,000 borrowers, bringing total to 5 million
By Kanishka Singh WASHINGTON (Reuters) -President Joe Biden said on Monday his administration would cancel student loans for more than 150,000 borrowers, targeting those who attended schools that defrauded students, those with permanent disabilities and public service workers. Biden said the total number of Americans who have had their student debt canceled by his administration […]
Nvidia’s biggest customers delaying orders of latest AI racks, The Information reports
(Reuters) -Nvidia’s top customers are delaying orders of the AI chip leader’s latest ‘Blackwell’ racks due to overheating issues, the Information reported on Monday. The Santa Clara, California-based company’s shares fell more than 4% in early trading. The U.S. government also said earlier in the day it would further restrict AI chip and technology exports, […]