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WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits increased sharply last week, consistent with a material softening in labor market conditions. Initial claims for state unemployment benefits jumped 27,000 to a seasonally adjusted 263,000 for the week ended September 6, the Labor Department said on Thursday. Economists polled by Reuters had …

US weekly jobless claims increase as labor market softens Read More »

By Anna Szymanski LONDON (Reuters) – What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest  Oracle’s skyrocketing share price lifted Asian equities on Thursday, as AI enthusiasm shows no signs of abating. Meanwhile, European markets remain in wait-and-see mode ahead of the European Central Bank’s rate decision later today. …

Morning Bid: Another day, another AI record Read More »

By Leika Kihara TOKYO (Reuters) -A simulated Federal Reserve meeting that used artificial intelligence agents modeled on real-life policymakers showed political pressure polarised members of the board in their rate-setting deliberations. In the study released on August 31, academics at George Washington University simulated a Federal Open Market Committee meeting using AI agents modeled by …

In AI-simulated Fed meeting, political pressure polarises board Read More »

(Reuters) -Union Pacific CEO Jim Vena said on Wednesday he was confident that the railroad operator would receive a merger approval from the U.S. administration over its deal with Norfolk Southern. In July, Union Pacific announced an $85 billion stock-and-cash acquisition of the smaller rival, which, if approved, would create the country’s first coast-to-coast freight …

Union Pacific CEO Vena says Norfolk Southern merger will win approval Read More »

(Reuters) – AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation, the Information reported on Wednesday, citing a person with knowledge of the matter. Reuters could not immediately verify this report and Perplexity did not immediately respond to a request for comment. Run by Aravind …

Perplexity finalizes $20 billion valuation round, the Information reports Read More »

(Reuters) – Newmont has applied for a voluntary delisting of its common shares from the Toronto Stock Exchange due to low trading volumes, the world’s top gold miner said on Wednesday. The move, expected to be effective on or about the close of trading September 24, is likely to improve the administrative efficiency and reduce …

Newmont applies for voluntary delisting from Toronto Stock Exchange Read More »