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(Reuters) – Hollywood performers and media professionals have reached a tentative deal with major record labels such as Warner Music Group and Sony Music Entertainment that includes increases in minimum salaries and protections against the use of AI. The deal covers the five-year period from 2021 to 2026 and has been unanimously approved by the …

SAG-AFTRA union secures AI protections for artists in deal with major record labels Read More »

By Ann Saphir (Reuters) -A year after Silicon Valley Bank’s failure, less than half of U.S. banks have established borrowing capacity by pledging collateral at the Federal Reserve’s emergency lending facility, according to Fed data released on Friday. That’s despite a crescendo of calls from financial regulators for banks to make sure they can access …

Less than half of U.S. banks ready to borrow from Fed in emergency Read More »

(Reuters) -Streaming service provider Roku said on Friday it identified a second cyberattack that impacted about 576,000 additional accounts while investigating a breach that affected 15,000 user accounts earlier this year. The company, which had more than 80 million active accounts, said the hackers did not gain access to any sensitive information such as full …

Roku says more than 500,000 accounts impacted in cyberattack Read More »

(Reuters) – San Francisco Federal Reserve President Mary Daly said on Friday there is still “a lot of work to do” to make sure inflation is on track to the Fed’s 2% goal, and there is “absolutely” no urgency to cut rates. “Policy’s in a good place right now, and I need to be fully …

Fed’s Daly: absolutely no urgency to cut US interest rates Read More »

By Nupur Anand and Niket Nishant (Reuters) -JPMorgan Chase’s profit beat estimates in the first quarter, but its shares fell 6% after forecasts for interest income fell short of analysts’ expectations on Friday. The largest U.S. lender slightly increased its estimate for net interest income (NII), or the difference between what a bank earns on …

JPMorgan profit beats estimates even as interest income misses predictions Read More »

By Mike Scarcella (Reuters) -“Fortnite” video game maker Epic Games has urged a federal judge in California to force Google to open up its Play Store to greater competition after a jury found the U.S. tech giant had abused its power as a gatekeeper for apps on the Android mobile platform. Epic made its proposal …

Epic Games proposes Google app store reforms after antitrust win Read More »

By Alun John LONDON (Reuters) – U.S. large cap stocks suffered their largest weekly outflow since December 2022 in the week to Wednesday, Bank of America said, with traders nervous that sticky inflation will push rate cuts further out and geopolitical tensions adding to caution. U.S. large caps saw $15.8 billion of outflows in the …

U.S. large cap stocks see biggest weekly outflow in 16 months, says BofA report Read More »