Reuters US Business

By Marc Jones LONDON (Reuters) -The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies. The BIS, often dubbed the central bankers’ central bank, outlined its concerns, including stablecoins’ potential to undermine monetary sovereignty, transparency issues and …

Central bank body BIS delivers stark stablecoin warning Read More »

By Blake Brittain (Reuters) -A federal judge in San Francisco ruled late on Monday that Anthropic’s use of books without permission to train its artificial intelligence system was legal under U.S. copyright law. Siding with tech companies on a pivotal question for the AI industry, U.S. District Judge William Alsup said Anthropic made “fair use” …

Anthropic wins key US ruling on AI training in authors’ copyright lawsuit Read More »

By Nupur Anand NEW YORK (Reuters) -The biggest U.S. lenders are expected to clear the Federal Reserve’s annual health check this year, showing they have ample capital that can be used to boost dividends, analysts said. The results of the central bank’s so-called “stress tests” on Friday will determine how much cash lenders would need …

Big US banks expected to ace stress tests, boost dividends Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer confidence unexpectedly deteriorated in June as households increasingly worried about job availability, another indication that labor market conditions were softening against the backdrop of rising economic uncertainty because of the Trump administration’s tariffs.  The ebb in confidence reported by the Conference Board on Tuesday was across all age …

US consumer confidence weakens on job market worries Read More »

(Reuters) -Proxy adviser Institutional Shareholder Services said on Tuesday Paramount Global shareholders should vote against the re-election of four directors to the board, including the media company’s chair Shari Redstone. A vote against their re-election is warranted as the directors maintained a “problematic capital structure”, ISS said in a report dated June 23, recommending votes …

ISS recommends against Shari Redstone’s re-election to Paramount board Read More »

By Doyinsola Oladipo and Savyata Mishra (Reuters) -Carnival Corp raised its annual profit forecast after beating second-quarter estimates on Tuesday, driven by the highest margins the company has achieved in nearly 20 years, sending its shares up almost 8% in morning trading. Sea-based vacations continue to be more affordable than land-based options, particularly for lower-income …

Carnival hikes annual profit target on record cruise demand Read More »

By Jonathan Stempel (Reuters) -CareerBuilder + Monster, which once dominated the online recruitment industry, filed for Chapter 11 bankruptcy protection on Tuesday and said it plans to sell its businesses. Created through the September merger of CareerBuilder and Monster, the Chicago-based company said it agreed to sell its job board operations, its most recognizable business, …

CareerBuilder + Monster, which once dominated online job boards, file for bankruptcy Read More »