Oct 15 (Reuters) - U.S. Bancorp ( USB ) said on Wednesday it had formed a new unit focused on digital assets and money movement to speed up development as well as grow the revenue from emerging digital products and services. Jamie Walker, a U.S. Bancorp ( USB ) veteran of more than 20 years, will lead the new unit....

WASHINGTON (Reuters) -White House budget director Russell Vought said on Wednesday he wants to close the U.S. Consumer Financial Protection Bureau even though President Donald Trump's administration has argued in court that there is no such plan. Vought made the remarks on The Charlie Kirk Show as the administration is locked in litigation with a CFPB labor union and consumer...

03:51 PM EDT, 10/15/2025 (MT Newswires) -- Consumer stocks were edging up late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%. In corporate news, Paramount Skydance ( PSKY ) CEO David Ellison may submit an official merger bid for Warner Bros. Discovery ( WBD...

03:50 PM EDT, 10/15/2025 (MT Newswires) -- Open Text ( OTEX ) signed a memorandum of understanding with Core42, a subsidiary of G42, to accelerate artificial intelligence, cloud, and automation initiatives across the United Arab Emirates public sector. Announced at the GITEX Global 2025 conference in Dubai, the partnership aims to deliver secure, sovereign AI-driven solutions supporting the UAE's national...