By Michelle Price WASHINGTON (Reuters) - The federal U.S. consumer finance watchdog on Wednesday proposed a new rule cracking down on fees that banks charge consumers when they do not have sufficient funds to cover a purchase or transaction in real time. The proposed...
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Business
Google settles AI-related chip patent lawsuit that sought $1.67 billion
By Blake Brittain and Nate Raymond (Reuters) -Google on Wednesday reached a settlement in a patent infringement lawsuit over chips that power the company's artificial-intelligence technology, according to a filing in Massachusetts federal court. The settlement comes...
China cuts bank reserves to defend markets, spur growth
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China's central bank announced a deep cut to bank reserves on Wednesday, in a move that will inject about $140 billion of cash into the banking system and send a strong signal of support for a fragile economy and...