(Reuters) - The top U.S. consumer finance agency on Wednesday asked a court to undo an enforcement case which the watchdog had already won last year, accusing prior agency officials of abusing their power as they sought to enforce diversity, equity and inclusion in lending. Following a case initially brought in 2020 during President Donald Trump's previous administration, the Consumer...

By Andrea Shalal and David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday announced 25% tariffs on auto and auto parts after concluding that automotive imports continue to threaten the country's industrial base and national security. Trump's proclamation argued that those threats, first identified during an investigation concluded in February 2019 - during his first term in office...

(Adds second and third investor comments) March 26 (Reuters) - U.S. President Donald Trump said late on Wednesday that the United States will effectively charge a 25% tariff on all cars not made in the country and that the new duties on cars and light trucks imported into the United States will be permanent. Shares of General Motors ( GM...

March 26 (Reuters) - OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group Corp, Bloomberg News reported on Wednesday. The funding round includes investors such as Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital Management, the report added. Reuters in January reported that SoftBank Group was in talks to lead a funding round of...