By Ann Saphir (Reuters) -The Federal Reserve is widely expected to cut the U.S. policy rate by a quarter-of-a-percentage point at its next two meetings to support the labor market, despite objections from several policymakers worried that further policy easing could worsen inflation. The Fed’s newest governor, Stephen Miran, is a lone advocate for steeper …
Fed hawks and doves: What US central bankers are saying Read More »
(Corrects October 15 story in paragraph 6 to indicate that Bloomberg did not report Robby Walker left Apple for Meta Platforms) (Reuters) -Apple’s Ke Yang, the newly tapped executive leading an effort to develop a ChatGPT-like AI-driven web search, is stepping down to join Meta, Bloomberg News reported on Wednesday, citing people with knowledge of …
Another Apple exec leaves for Meta as AI talent war heats up, Bloomberg News reports Read More »
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar fell, on track for a third consecutive session of losses against major currencies including the euro, yen and Swiss franc on Thursday, amid U.S.-China tensions and as markets assess remarks from Federal Reserve officials. China accused the U.S. of stoking panic over its rare …
Dollar dented by simmering trade tensions, rate cut bets Read More »
By Blake Brittain (Reuters) -Cloud-computing firm Salesforce was hit with a proposed class action lawsuit by two authors who alleged the company used thousands of books without permission to train its artificial intelligence software. Novelists Molly Tanzer and Jennifer Gilmore said in the complaint filed on Wednesday that Salesforce infringed copyrights by using their work …
Salesforce sued by authors over artificial intelligence software Read More »
(Crrects paragraph 5 in October 15 story to say BlackRock-Preqin deal was valued at $3.2 billion, not $3.5 billion) (Reuters) -S&P Global has agreed to buy private markets data provider With Intelligence, the company said on Wednesday, as it looks to expand its products for the fast-growing segment of financial services. Private markets are seeing …
S&P Global strikes $1.8 billion deal for private markets firm With Intelligence (Oct 15) Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines Scott Kirby warned on Thursday that an extended government shutdown risks taking a toll on airline bookings as well as flight operations. The shutdown has entered its third week due to a political stalemate over government funding, amplifying a long-standing shortage of air traffic controllers. It has …
United Airlines sees US shutdown as risk to travel confidence Read More »
By Michael S. Derby and Ann Saphir NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he favors another interest rate cut at the U.S. central bank’s policy meeting later this month because of worrisome labor market developments, while a colleague again made the case for an even more aggressive path of cuts. …
By Lucia Mutikani WASHINGTON (Reuters) -U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that declining mortgage rates would stimulate demand for housing and help reduce an inventory overhang that has hampered new housing construction. Economic uncertainty and a lackluster labor market are, however, likely to offset some of the anticipated boost …
US homebuilder sentiment hits 6-month high; economy uncertainty clouds housing outlook Read More »
(Reuters) -Salesforce shares jumped more than 6% in premarket trading on Thursday, after the company forecast faster revenue growth in the coming years, easing concerns that AI tools were eroding demand for its software. The Marc Benioff-led company had posted its first revenue decline in about three years earlier this year, sparking fears that businesses …
Salesforce jumps as $60 billion forecast eases revenue growth concerns Read More »
By Manya Saini (Reuters) -Crypto heavyweight Kraken said on Thursday it has acquired futures exchange Small Exchange from IG Group for $100 million, paving the way to launch a fully U.S.-based derivatives suite. The cryptocurrency sector is maturing as digital assets gain broader acceptance and traditional financial firms increasingly engage through regulated products such as …
Kraken signs $100 million deal for Small Exchange to bulk up US derivatives business Read More »
