Fed’s Williams says next Fed move likely to be lower rates
By Michael S. Derby (Reuters) – Federal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest…
Bracing for shallow Fed easing, bond investors take the middle of the curve road
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors are selectively adding longer-dated maturities to their portfolios on bets the Federal Reserve will delay cutting interest rates and reduce them at…
US newspapers sue OpenAI for copyright infringement over AI training
By Blake Brittain (Reuters) – A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing…
More automakers plug into Tesla’s EV charging network
(Reuters) -More automakers signed up to access Tesla’s electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company’s superchargers closer to becoming the industry standard. Texas has approved…
US labor official calls on companies to exit China’s Xinjiang
WASHINGTON (Reuters) -International companies cannot responsibly operate in Xinjiang and should leave the western Chinese region due to forced labor concerns, a U.S. Labor Department official said on Tuesday. The…
US to test ground beef in states with bird-flu outbreaks in dairy cows
By Tom Polansek CHICAGO (Reuters) -The U.S. government said on Monday it is collecting samples of ground beef at retail stores in states with outbreaks of bird flu in dairy…
Morgan Stanley shareholders urged to vote against pay proposal by proxy adviser
By Tatiana Bautzer NEW YORK (Reuters) -Morgan Stanley shareholders should vote against its proposal for executive pay at the bank’s annual meeting on May 23, according to a recommendation by…
Crypto company Tether invests $200 million in brain-chip maker Blackrock Neurotech
By Elizabeth Howcroft LONDON (Reuters) – Crypto company Tether has invested $200 million in Blackrock Neurotech, taking a majority stake in the U.S. brain implant company, Tether said in a…
Exclusive-US military’s pier in Gaza to cost $320 million
By Phil Stewart and Daphne Psaledakis WASHINGTON (Reuters) – The U.S. military’s cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a…
Mercedes-Benz says US DOJ ended investigation into diesel emissions scandal
BERLIN (Reuters) – The U.S. Department of Justice has closed its probe into the Mercedes-Benz diesel emissions scandal and the car manufacturer is no longer facing charges, the company said…