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California limits on ‘addictive’ social media feeds for children largely upheld

9 Sep 2025

By Jonathan Stempel (Reuters) -A federal appeals court largely upheld a California law on Tuesday making it illegal, absent parental permission, for social media companies to provide children with “addictive feeds” that the state fears could damage their mental health. The 9th U.S. Circuit Court of Appeals rejected most claims by the technology trade group …

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Microsoft to use some AI from Anthropic in shift from OpenAI, the Information reports

9 Sep 2025

(Reuters) – Microsoft will pay to use Anthropic’s technology for some AI features in Office 365 apps, the Information reported on Tuesday, in a sign that the software firm is diversifying its artificial intelligence portfolio. The move will blend Anthropic and OpenAI technology in the apps, after years in which Microsoft primarily used OpenAI for …

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US payrolls benchmark revision estimate suggests labor market weaker than previously thought

9 Sep 2025

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already stalling before President Donald Trump’s aggressive tariffs on imports. The preliminary annual benchmark revision estimate to the closely watched payrolls data …

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YouTube in talks with TelevisaUnivision to continue content access

9 Sep 2025

(Reuters) – YouTube said on Tuesday it is in talks with TelevisaUnivision to continue providing access to the Mexican-American media company’s content on YouTube TV. TelevisaUnivision is a joint venture between Grupo Televisa, Mexico’s largest broadcaster, and U.S. Spanish-language broadcaster Univision. In a Tuesday post on X, Univision said that YouTube TV plans to remove …

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JPMorgan elevates three insiders as global investment banking chairs on M&A revival

9 Sep 2025

(Reuters) -JPMorgan Chase named three insiders as global chairs of its investment banking division on Tuesday, as U.S. banks position themselves to capitalize on a recovery in dealmaking activity in 2025. Global mergers and acquisitions hit $2.6 trillion in the first seven months of the year, the highest since a 2021 pandemic-era peak, boosting investment …

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US consumer finances stay robust even as jobs data cloud economic outlook, bankers say

9 Sep 2025

NEW YORK (Reuters) -U.S. consumers remain in good financial health and there are little signs of credit quality deterioration, according to the nation’s top banking executives, despite data showing the job market is cooling off. Leaders from Bank of America, Citigroup and Wells Fargo told investors this week that consumers were continuing to spend money …

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Citigroup CFO expects investment banking fees and market revenue to grow by mid-single digits in Q3

9 Sep 2025

By Tatiana Bautzer NEW YORK (Reuters) – Citigroup Chief Financial Officer Mark Mason said at a conference in New York that investment banking fees and market revenue are expected to rise by mid-single digits in the third quarter compared to a year earlier. Mason also said the global revenue and expenses for the year may …

Citigroup CFO expects investment banking fees and market revenue to grow by mid-single digits in Q3 Read More »

US transportation chief to meet with airline CEOs on air traffic reform, sources say

9 Sep 2025

By David Shepardson WASHINGTON (Reuters) -Transportation Secretary Sean Duffy plans to meet with the CEOs of major airlines on Wednesday on the government’s $12.5 billion plan to overhaul the nation’s aging air traffic control system, sources told Reuters. Duffy will attend a meeting of Airlines for America, the trade group representing United Airlines, Delta Air …

US transportation chief to meet with airline CEOs on air traffic reform, sources say Read More »

Elon Musk’s X faces Canadian fine for not removing non-consensual intimate images

9 Sep 2025

By Jeff Horwitz (Reuters) -A Canadian civil tribunal has fined Elon Musk’s social media platform X for its refusal to comply with an order to remove a non-consensual intimate image, a decision published last week showed. British Columbia’s Civil Resolution Tribunal ruled in an initial decision in March that the posting of a particular picture …

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Exporting Brazilian coffee beans to US via third countries not an option, industry says

9 Sep 2025

By Oliver Griffin SAO PAULO (Reuters) -Re-exporting Brazilian coffee beans via third countries is not a strong alternative for getting past U.S. import tariffs, while the country’s instant coffee industry has seen a significant drop in sales to the United States, industry leaders said on Tuesday. Brazil is the world’s largest producer and exporter of …

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