By Michael S. Derby NEW YORK (Reuters) -Rising adoption of artificial intelligence technology by firms in the Federal Reserve’s New York district has not been much of a job-killer so far, the regional Fed bank said in a blog on Thursday. “Businesses reported a notable increase in AI use over the past year, yet very …
AI not affecting job market much so far, New York Fed says Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Long-lagging U.S. small-cap stocks are having a moment in the sun, but the interest rate outlook, the strength of their earnings and the health of the economy will help determine whether they are experiencing a new dawn or another false start. The small-cap Russell 2000 surged 7% in August …
Analysis-US small-cap stocks break out, but for how long? Read More »
WASHINGTON (Reuters) -U.S. worker productivity grew faster than initially thought in the second quarter, curbing the rise in labor costs. Nonfarm productivity, which measures hourly output per worker, increased at a 3.3% annualized rate last quarter, the Labor Department’s Bureau of Labor Statistics said on Thursday. That figure was revised up from the previously reported …
US second-quarter worker productivity revised sharply higher Read More »
WASHINGTON (Reuters) -U.S. private payrolls increased less than expected in August amid easing labor market conditions. Private employment rose by 54,000 jobs last month after a slightly upwardly revised 106,000 increase in July, the ADP National Employment Report showed on Thursday. Economists polled by Reuters had forecast private employment increasing 65,000 following a previously reported …
By Doyinsola Oladipo NEW YORK (Reuters) -JetBlue Airways said on Thursday it will partner with Amazon subsidiary Project Kuiper, a low Earth orbit satellite broadband internet network, to improve its onboard Wi-Fi starting in 2027. U.S. air carriers, seeking ways to win over consumers, are broadly investing in onboard Wi-Fi. JetBlue, Kuiper’s first airline partner, …
JetBlue to enhance onboard Wi-Fi with Amazon’s Kuiper network by 2027 Read More »
(Reuters) -JetBlue Airways said on Thursday it expects a smaller decline in its third-quarter operating revenue than it anticipated earlier, citing strong demand for air travel through the summer and Labor Day holiday. It now expects operating revenue per available seat mile to be down 1.5% to 4%, compared with a drop of 2% to …
JetBlue expects smaller decline in third-quarter revenue after strong holiday demand Read More »
(Reuters) -Goldman Sachs said gold prices could surge well above its $4,000 per troy ounce baseline by mid-2026, should private investors diversify more heavily into the metal. Spot gold prices hit a record high of $3,578.50 per ounce on Wednesday on expectations of a U.S. Federal Reserve interest rate cut later this month, while lingering …
Goldman Sachs sees gold prices surpassing $4,000 if investors ramp up buying Read More »
By Danial Azhar KUALA LUMPUR (Reuters) -Malaysia has urged the video-sharing platform TikTok to implement age verification for users after summoning the firm’s top management to demand faster action to curb harmful content. The effect of social media on children’s mental health is a growing global concern; Australia last year banned children under 16 from using …
Malaysia pushes TikTok for age verification to protect minors Read More »
By Anirban Sen NEW YORK (Reuters) -Mexico’s main stock exchange operator plans to list options on major U.S. stocks such as Amazon, Apple and other big names by the end of this year, its chief executive told Reuters. Grupo BMV, or Bolsa Mexicana de Valores, will debut exchange-traded equity options on international stocks favored by …
Mexico’s Grupo BMV plans to launch options for major US stocks like Amazon Read More »
(Reuters) -A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdict comes after a trial in the federal court in San Francisco over allegations that Google over …
Google must pay $425 million in class action over privacy, jury rules Read More »
