By Chibuike Oguh and Shristi Achar A NEW YORK (Reuters) -The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year. The benchmark S&P 500 edged higher after …
Dow ends above 40,000 milestone, indexes notch up weekly gains Read More »
By Chibuike Oguh and Bansari Mayur Kamdar NEW YORK (Reuters) -The Dow reached an intra-day high of 40,000 for the first time on Thursday, but it ended lower after paring earlier gains, as investor hopes of interest-rate cuts by the Federal Reserve were buoyed by data showing inflation slowdown, as well as strong corporate earnings …
Dow hits milestone 40,000 mark as rate-cut hopes fuel rally Read More »
By Howard Schneider WASHINGTON (Reuters) -Data this week offered the U.S. Federal Reserve good news on two fronts but policymakers haven’t openly shifted views yet about the timing of rate cuts investors are convinced will start this year. Comments from Fed officials including the vice chair of the rate-setting Federal Open Market Committee, New York …
Fed remains cautious on cuts even as data improves Read More »
(Reuters) – Embattled lender New York Community Bancorp said on Thursday that its Chief Operating Officer Julie-Ann Signorille-Browne has resigned from her role, effective May 24. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shounak Dasgupta)
(Reuters) – Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers’ theft of customer data. The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, apply to rules first adopted in 2000. “Over the last 24 years, the …
US SEC updates customer data hacking rules for Wall Street Read More »
By Ananya Mariam Rajesh and Siddharth Cavale (Reuters) -Walmart raised its full-year forecast and reported better-than-expected quarterly results on Thursday, betting that easing inflation will drive stronger sales of groceries and non-essential merchandise like clothing and electronics, sending its shares to a record high in their biggest one-day gain in four years. Some U.S. retailers …
Walmart’s strong forecast sparks stock surge to record high Read More »
By Blake Brittain (Reuters) – Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology. Paul Lehrman and Linnea Sage said in the proposed class-action lawsuit that San Francisco-based Lovo is selling AI versions …
AI voiceover company stole voices of actors, New York lawsuit claims Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms’ social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead to hefty fines. Tech companies are required to do more to tackle illegal and harmful content …
Meta faces EU investigation over child safety risks Read More »
(Reuters) -Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign that its push to attract new users with the cheaper plan is paying off. The jump comes at a time when streaming companies are facing stiff competition and introducing bundles with …
Netflix hits 40 million users for ad-supported plan Read More »
(Reuters) -Soros Fund Management, the family office of billionaire George Soros, dissolved its share stake in embattled lender New York Community Bancorp and added positions in Goldman Sachs and JPMorgan Chase in the first quarter, a regulatory filing showed on Wednesday. The asset manager previously held about 1.5 million shares in the regional lender worth …
