By Lucia Mutikani WASHINGTON, Dec 11 (Reuters) – The number of Americans filing new applications for unemployment benefits increased by the most in nearly 4-1/2 years last week, but the surge likely does not suggest a material weakening in labor market conditions, as the claims data are volatile around this time of year. The larger-than-expected …
By Blake Brittain Dec 11 (Reuters) – OpenAI and its largest financial backer, Microsoft, were sued in California state court on Thursday over claims that OpenAI’s popular chatbot ChatGPT encouraged a mentally ill man to kill his mother and himself. The lawsuit said that ChatGPT fueled 56-year-old Stein-Erik Soelberg’s delusions of a vast conspiracy against him …
OpenAI sued for allegedly enabling murder-suicide Read More »
By Scott Murdoch SYDNEY, Dec 11 (Reuters) – Westpac non-executive director Peter Nash was reelected to the bank’s board on Thursday, surviving a sizeable investor backlash over his ties to the troubled Australian Securities Exchange. About 40% of investors voted against his reelection as a board director at the annual meeting of Australia’s second-largest bank …
Westpac director survives investor backlash over ASX ties Read More »
Dec 11 (Reuters) – Altria said on Thursday that CEO Billy Gifford, who has led the tobacco giant since 2020, would retire in May and be succeeded by finance head Salvatore Mancuso. Gifford plans to serve as a consultant following his retirement until at least the end of 2026. Mancuso, who joined the company in 1990 and …
Altria CEO Billy Gifford to retire in May, CFO Mancuso to succeed Read More »
WASHINGTON, Dec 11 (Reuters) – U.S. wholesale inventories rebounded in September amid increases in the stocks of long-lasting manufactured goods, which likely provided a lift to gross domestic product in the third quarter. Stocks at wholesalers increased 0.5% after falling 0.1% in August, the Commerce Department’s Census Bureau said on Thursday. Economists polled by Reuters …
US wholesale inventories rebound strongly in September Read More »
(Refiles to fix syntax in headline) By Anuja Bharat Mistry Dec 11 (Reuters) – Hundreds of Starbucks’ baristas walked off the job in 34 U.S. cities on Thursday, escalating a month-long strike as their union tries to push the coffee chain towards its first-ever labor contract. The union said more than 3,800 baristas have joined …
Starbucks workers’ union takes month-long strike to more cities Read More »
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK, Dec 11 (Reuters) – After three consecutive interest rate cuts, investors now confront an uncertain U.S. monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership change at the Federal Reserve. The U.S. Federal Reserve cut interest rates by …
Dec 11 (Reuters) – The S&P 500 and the Nasdaq opened lower on Thursday as fresh worries over Oracle’s hefty AI spending plans overshadow optimism over a less hawkish tone from the Federal Reserve. At 09:30 a.m. ET, the Dow Jones Industrial Average was up 97.04 points, or 0.21%, to 48,157.04, the S&P 500 lost …
S&P 500, Nasdaq opens lower on Oracle AI spending jitters Read More »
Dec 11 (Reuters) – Walt Disney has sent a cease-and-desist letter to Alphabet’s Google, CNBC reported on Thursday. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)
WASHINGTON, Dec 11 (Reuters) – The U.S. trade deficit unexpectedly narrowed in September, touching the lowest level in more than five years, as exports accelerated and imports rose marginally, suggesting that trade likely provided a boost to economic growth in the third quarter. The trade gap contracted 10.9% to $52.8 billion, the lowest level since …
US September trade deficit lowest in more than five years as goods exports soar Read More »
