Category: Reuters
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Analysis-Cash is leaving China again, pressuring yuan By Reuters
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By Winnie Chu and Ankur Banerjee SHANGHAI/SINGAPORE (Reuters) – A falling yuan and widespread cash flows from the mainland to Hong Kong show that domestic investors in China are pinning their expectations on any immediate recovery in their home markets and fleeing to the nearest assets with better returns. The…
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Russia could reduce decision time for use of nuclear weapons, lawmaker says By Reuters
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By Guy Faulconbridge and Lydia Kelly MOSCOW (Reuters) – Russia, the world’s largest nuclear power, could reduce the decision-making time set out in the official policy on the use of nuclear weapons if Moscow believes threats are increasing, the head of the Russian parliament’s defense committee said. The war in…
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Dollar edges higher, buoyed by monetary policy imbalance By Reuters
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Written by Laura Matthews NEW YORK (Reuters) – The dollar rose against other major currencies on Friday, hitting an eight-week high against the yen, after data showed the strength of the US economy and with the Federal Reserve’s patient approach to interest rate cuts contradicting analysts’ expectations. . Their peers…
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Yaccarino shakes up X amid Musk’s pressure on costs, FT says By Reuters
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(Reuters) – The CEO of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday. This month, Yaccarino fired her right-hand man and head of business operations…
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Taiwan war games to mimic combat as closely as possible By Reuters
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Written by Ben Blanchard TAIPEI (Reuters) – Taiwan’s annual war games this year will be as close to actual combat as possible, no longer just a point-scoring show but aiming to simulate real combat given the rapidly growing “enemy threat” from China. The official said. China, which considers democratically-ruled Taiwan…
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Explainer-How US industries deal with extreme heat By Reuters
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Written by Granth Vanek and Ariana McLemore Extreme heat has caused companies in the United States to change the way they operate. One frequent response: Work less. Here’s how heat is affecting several large industries and what to do about it: * Construction: Work on construction projects slows. What normally…
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Alberto weakens to tropical depression over northern Mexico, 4 dead By Reuters
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(Reuters) – Alberto, the first named storm of the 2024 Atlantic hurricane season, has weakened into a tropical depression as it moves inland over northeastern Mexico, bringing more heavy rain and flooding after leaving four people dead, including three children. The governor of the Mexican state of Nuevo Leon told…
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OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say By Reuters
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Written by Crystal Ho and Akash Sriram (Reuters) – Microsoft-backed OpenAI said on Friday it has acquired database search and analysis startup Rockset to provide better infrastructure for its enterprise products. The companies did not disclose the size of the deal. OpenAI used its shares to buy the company in…
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Group claiming CDK systems hack demands millions of dollars, Bloomberg News reports By Reuters
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(Reuters) – A group of hackers who claimed responsibility for a cyberattack on CDK software systems demanded a multimillion-dollar ransom to put an end to the hack that affected auto dealers across the United States, Bloomberg News reported on Friday. The group behind the attack is believed to be based…
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Alaska Airlines, flight attendants reach tentative deal By Reuters
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(Reuters) – A union representing Alaska Airlines flight attendants said on Friday it had reached a tentative agreement for a standard contract with the carrier. Details of the deal will be reviewed by union leadership, followed by a vote to ratify members, the flight attendant assistant said. “With our joint…
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Boeing’s Starliner return to Earth delayed indefinitely By Reuters
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Appeals court does not block US mandate to cover cancer screenings, HIV drugs By Reuters
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Written by Brendan Pearson (Reuters) – A U.S. appeals court on Friday declined to block a federal order requiring health insurers to cover preventive care services such as cancer screenings and HIV prevention drugs at no additional cost to patients, but ruled against the government in a major legal case…
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S&P, Nasdaq end lower as Nvidia drags the tech sector for second day By Reuters
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Written by Echo Wang (Reuters) – The indexes and the Nasdaq closed slightly lower on Friday, dragged down by a decline in Nvidia (NASDAQ:) shares for the second day in a row, dragging the technology sector lower. Technology was the biggest loser among the 11 major sectors in the Standard…
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Factbox-Patriot in focus amid missile defense system shortage By Reuters
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(Reuters) – As the Ukrainian military suffers from a shortage of missile defense systems amid Russia’s bombing of its energy infrastructure, the focus is on Patriot systems, which have helped Kiev defend itself against attacks. What is the Patriot system? The Phased Tracking Target Interdiction Radar, or PATRIOT, is an…
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Used car retailer CarMax posts 33% drop in first-quarter profit By Reuters
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(Reuters) – CarMax reported a 33% drop in first-quarter profit on Friday, as lower profit margins on cars sold continued to weigh on the used car industry. Used car retailers have had a bumpy ride with profitability deteriorating over the past few years as new vehicle availability improves. Better offers…
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SoftBank CEO talks up artificial super intelligence ambitions By Reuters
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TOKYO (Reuters) – SoftBank Group CEO Masayoshi Son said on Friday that the group’s mission is to help advance humanity by achieving super-artificial intelligence, which he said will exceed human capabilities by a factor of 10,000. “SoftBank Group (TYO:) has done many things so far that have all been a…
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American Airlines, union fail to reach deal on new contract By Reuters
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(Reuters) – A union representing American Airlines Group flight attendants (NASDAQ: ) said on Thursday that the latest round of talks with the carrier did not lead to an agreement this week. The Association of Professional Flight Attendants (APFA), which represents about 28,000 flight attendants at American Airlines, said it…