By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Thursday it will extend significant flight cuts at Newark, one of the three main airports serving the New York City area, through late October 2026 as it continues to face an air traffic controller shortage and congestion issues. In May, the FAA ordered flight …
FAA extends significant flight cuts at Newark through October 2026 Read More »
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly repeated on Thursday that the U.S. central bank likely needs to cut interest rates further, but it needs to move slowly as it balances risks to its twin goals of full employment and price stability. “I think a little bit more will be needed over time …
Fed’s Daly: ‘A little bit more’ rate cutting likely needed ‘over time’ Read More »
By Blake Brittain (Reuters) -Elon Musk’s artificial intelligence startup xAI has sued rival OpenAI in California federal court for allegedly stealing its trade secrets to gain an unfair advantage in the race to develop AI technology. The lawsuit filed Wednesday said that OpenAI was engaged in a “deeply troubling pattern” of hiring away former xAI employees …
Musk’s xAI accuses rival OpenAI of stealing trade secrets Read More »
By Scott Murdoch SYDNEY (Reuters) -Australia’s Macquarie Group, will repay A$321 million ($211.35 million) to thousands of customers who invested their retirement savings into the now-collapsed Shield Master Fund, the country’s corporate regulator said on Thursday. The Australian Securities and Investments Commission (ASIC) has launched Federal Court proceedings against Macquarie Investment Management after it failed …
Macquarie to repay Australian investors $211 million after pension fund collapse Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Cisco on Thursday announced a new software tool aimed at weaving together quantum computers from various makers into a single cloud, making it easier to develop useful applications. Major tech firms such as Microsoft , IBM and Google are investing in building out their own quantum computers, which use …
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By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Goldman Sachs’ outlook for mergers and acquisitions has become more optimistic, fueled by consolidation in various industry sectors and likely acceleration in private equity-backed deals, its President John Waldron said on Thursday. “I think you’re going to see more companies, more CEOs, more boards step out …
Goldman Sachs sees M&A growth driven by industry consolidation, its president says Read More »
(Reuters) -Citadel CEO Ken Griffin expects the U.S. Federal Reserve to cut interest rates one more time this year, he said on Thursday in a CNBC interview. “I think the Fed is nervous about the labor market because we did see this decline in the number of jobs being created, and in terms of balance …
Citadel CEO Griffin expects Fed to cut rates once more this year, says in CNBC interview Read More »
By Leah Douglas WASHINGTON (Reuters) -The U.S. Department of Justice antitrust division will work with the Department of Agriculture to look closely at the rising cost of agricultural inputs like fertilizer and seeds under a memorandum of understanding signed on Thursday, said Agriculture Secretary Brooke Rollins. The goal of the joint effort is to “protect …
US justice department to examine rising cost of farm inputs, says farm secretary Read More »
By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve’s top regulatory official said Thursday that bank agencies are poised to unveil a more industry-friendly version of contentious capital rules known as “Basel III Endgame” by the end of 2025 or early 2026. Fed Vice Chair for Supervision Michelle Bowman said the central bank is actively working …
Fed’s Bowman says regulators to unveil Basel capital rule redo by early 2026 Read More »
(Reuters) -General Dynamics said on Thursday its information technology unit has secured an enterprise modernization contract worth $1.5 billion, to help support the U.S. Strategic Command, or STRATCOM. The new contract, awarded to General Dynamics in May, covers a one-year base period and six option years. Under the contract, General Dynamics will look to cut …
General Dynamics secures $1.5 billion IT contract for STRATCOM Read More »
