By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it. “We need to see more evidence to convince us that inflation is well on our way back down to 2%,” …
Fed’s Kashkari says it’s ‘reasonable’ to predict December rate cut Read More »
SANTIAGO (Reuters) – Chile’s government said on Saturday that Saudi Arabia’s mining minister will travel to the Latin American country in July and plans to meet with his counterpart in Santiago. Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef told Reuters in March the kingdom was interested in sourcing lithium abroad, as it aims …
Chile says Saudi mining minister to visit, lithium expected on agenda Read More »
(Reuters) -OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that the firm’s nonprofit board doesn’t control, The Information reported on Friday. One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, …
OpenAI CEO says company could become for-profit corporation, The Information reports Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. The S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week. …
Nasdaq manages 5th straight record high close; S&P 500 ends barely lower Read More »
(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a hearing focusing on U.S. prices for weight loss drugs Ozempic and Wegovy. A U.S. Senate health panel vote that was scheduled for its June 18 meeting, to decide whether …
Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. National Transportation Safety Board said on Friday it is investigating why a Boeing 737 MAX operated by Southwest Airlines rolled during a flight last month. The NTSB said the plane experienced what the crew said was a “Dutch roll” at 34,000 feet while en route from Phoenix, …
US NTSB investigating ‘Dutch roll’ by Southwest Boeing 737 MAX Read More »
(Reuters) – PE firm Carlyle has hired advisers to explore a sale of Cogentrix that could value the North Carolina-based power producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people briefed on the matter. Carlyle is also selling other power assets owned by its infrastructure business in …
Carlyle explores sale of electric power producer Cogentrix, FT reports Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices fell for the first time in five months in May amid lower prices for energy products, providing another boost to the domestic inflation outlook. The unexpectedly benign report from the Labor Department on Friday combined with data this week showing tame inflation readings last month to …
US imported inflation subdued; consumer sentiment slides to seven-month low Read More »
(Reuters) – Microsoft will not roll out “Recall”, an AI-powered feature that tracks computer usage, with its new computers next week and will instead preview it with a smaller group later, the tech giant said on Thursday, amid concerns of privacy risks. The Recall feature tracks web browsing to voice chats, creating a history stored …
Microsoft to delay release of Recall AI feature on security concerns Read More »
By Michael S. Derby NEW YORK (Reuters) -A financial disclosure form for Federal Reserve Bank of Atlanta President Raphael Bostic notes more issues with reporting of past trading and investing activities. Bostic’s disclosure form for 2023, made public on Friday, flagged several filing errors, including one that was referred to the central bank’s Inspector General, …
Fed’s Bostic flags more issues with financial disclosures Read More »
