MEXICO CITY (Reuters) – Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company, Octavio Romero, said …
Mexican Pemex estimates platform fire shut in 700,000 barrels of oil Read More »
(Reuters) – Jack Sweeney, the creator of an account tracking Elon Musk’s private jet in real time, has moved to Mark Zuckerberg’s Twitter-rival Threads after being suspended from Twitter last year. “ElonJet has arrived to Threads!” read Sweeney’s first post on Thursday from the account handle @elonmusksjet, which had over 21,000 followers as of Saturday …
Suspended Twitter account tracking Elon Musk’s jet moves to rival Meta’s Threads Read More »
By Krystal Hu SAN FRANCISCO (Reuters) – Venture capital firm Headline used to be in one of San Francisco’s most eye-catching skyscrapers: the pyramidal Transamerica building that has defined the skyline for decades. Employees enjoyed the views from the 43rd floor and the convenience of being downtown. Then came the pandemic. As the tech industry …
San Francisco’s new venture capital hotspot: The Presidio Read More »
By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended lower on Friday in a seesaw session, as investors digested a U.S. jobs report that showed weaker-than-expected growth and awaited more economic data and corporate earnings in the weeks ahead. The U.S. added the fewest jobs in 2-1/2 …
Wall Street ends choppy day lower after jobs data Read More »
BUENOS AIRES (Reuters) – Expectations for galloping consumer prices in Argentina remain solidly in triple-digit territory, a monthly analyst poll showed on Friday, though the forecast edged down slightly compared with last month’s survey. Analysts polled by the South American country’s central bank forecast annual inflation this year at 142.4%, below the 148.9% seen in …
Argentina inflation seen at 142% this year, down from previous poll Read More »
By Emma Farge GENEVA (Reuters) -Robots presented at an AI forum said on Friday they expected to increase in number and help solve global problems, and would not steal humans’ jobs or rebel against us. But, in the world’s first human-robot press conference, they gave mixed responses on whether they should submit to stricter regulation. …
Robots say they won’t steal jobs, rebel against humans Read More »
By Katie Paul NEW YORK (Reuters) – Mark Zuckerberg has pitched Meta’s Twitter copycat app, Threads, as a “friendly” refuge for public discourse online, framing it in sharp distinction to the more adversarial Twitter which is owned by billionaire Elon Musk. “We are definitely focusing on kindness and making this a friendly place,” Meta CEO …
Analysis-Meta’s ‘friendly’ Threads collides with unfriendly internet Read More »
(Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal Reserve data released on Friday showed. Bank credit rose to $17.31 trillion in the week ending June 28, from $17.29 trillion a week earlier, on a non-seasonally adjusted basis. On …
US bank credit rose last week, while commercial and industrial loans fell -Fed data Read More »
By Safiyah Riddle (Reuters) – The U.S. Black unemployment rate hit a 10-month high in June, driven in large part by Black workers leaving the labor market, a development some economists worry may be a “canary in the coal mine” that may mean a recession is approaching. The Labor Department’s closely watched monthly employment report …
U.S. Black employment falls despite wider job market stability Read More »
By Ross Kerber (Reuters) – A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world’s largest asset manager. In a letter dated July 6 and provided to Reuters on Friday by a representative of Montana Attorney General Austin Knudsen, the group reviewed longstanding …
Republicans question BlackRock fund governance, revisiting old concerns Read More »
