Reuters US Business

By Davide Barbuscia NEW YORK, Dec 2 (Reuters) – The BlackRock Investment Institute said on Tuesday it is turning bearish on long-term U.S. Treasuries, warning a coming wave of AI-related financing could put upward pressure on U.S. borrowing costs and exacerbate worries over U.S. government indebtedness.  In recent weeks, investors have been zeroing in on …

BlackRock turns bearish on long-term Treasuries as AI funding wave looms Read More »

By Anirban Sen and Prakhar Srivastava NEW YORK, Dec 1 (Reuters) – Citadel’s flagship fund Wellington posted a 1.4% return in November, boosting the fund’s performance for the year to 8.3%, according to two people familiar with the matter. The firm’s other funds also notched positive monthly returns.  Miami-based Citadel’s Global Equities fund rose 2.5% …

Citadel’s flagship fund gained 1.4% in November, sources say Read More »

Dec 1 (Reuters) – Apple on Monday named veteran researcher Amar Subramanya as its vice president of AI, replacing John Giannandrea. Apple — a laggard in the AI race — has been slow to add AI features to its products in comparison to rivals such as Samsung Electronics, which have been quicker to refresh their …

Apple names Amar Subramanya new VP of AI, replacing John Giannandrea Read More »

By Leigh Thomas PARIS, Dec 2 (Reuters) – Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of the shock from U.S. tariff hikes, the OECD said on Tuesday, nudging up its outlook for some major economies. The Paris-based organisation warned, however, that global growth was vulnerable …

Tariffs, AI boom could test global growth’s resilience, OECD says Read More »

By Daniel Wiessner Dec 1 – Starbucks has agreed to pay $38.9 million to settle claims by New York City that the coffee chain violated a local law requiring fast food businesses to give workers predictable and stable schedules more than half a million times over a three-year period, Mayor Eric Adams’ office said on …

Starbucks will pay $38.9 million to settle NYC probe over worker schedules Read More »