WASHINGTON (Reuters) – Nine more U.S. states on Monday joined a civil antitrust lawsuit filed earlier by the Justice Department against Alphabet Inc’s Google for allegedly monopolizing multiple digital advertising technology products, the department said. The Attorneys General of Arizona, Illinois, Michigan, Minnesota, Nebraska, New Hampshire, North Carolina, Washington and West Virginia joined the lawsuit…
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Quantum computers promise to be millions of times faster than today’s fastest supercomputers, potentially revolutionizing everything from medical research to the way people solve problems of climate change. The wait for these machines, though, has been long, despite the billions poured into them. But the uncertainty and…
(Reuters) – J.B. Hunt Transport Services Inc reported lower-than-expected quarterly earnings on Monday, hurt by weak shipping demand, high driver wages and maintenance expenses. Shares of trucking operator fell 2.43% to $172.36 in extended trading. Logistics firms are struggling with excess delivery capacity as demand from e-commerce companies declines from pandemic highs. Volumes at…
NEW YORK (Reuters) – Apple Inc is seeking to attract U.S. savers with a new high-yield deposit account it announced on Monday with partner Goldman Sachs Group Inc amid increased competition among financial institutions for consumer dollars. Apple said users of its Apple Card can earn 4.15% on savings accounts, or 10 times higher than…
SANTIAGO (Reuters) – Aurubis AG, Europe’s largest copper smelter and producer, no longer buys the red metal from Russia after it let supply contracts lapse, its CEO told Reuters on Monday. Russia’s invasion of Ukraine last year fueled a range of boycotts, sanctions and other measures against copper and other metals from the country. Aurubis,…
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden is running again, he and White House officials insist, he is just not ready to announce it yet. The expected date for Biden, 80, to make his 2024 presidential plans official slipped after the State of the Union address in February to months later as the…
By Richard Cowan and Katharine Jackson WASHINGTON (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy on Monday outlined spending cuts he said his fellow Republicans would demand in exchange for voting to raise the federal government’s $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. His proposals included cutting spending to last year’s levels, capping…
By Blake Brittain (Reuters) – Grunge music pioneers Soundgarden and Vicky Cornell, the widow of lead singer Chris Cornell, have settled a legal dispute over the late singer’s unreleased recordings, according to a joint post from their Instagram accounts on Monday. They said the “amicable” settlement marked a new partnership between Soundgarden and Cornell’s estate…
(Reuters) -Asset manager BlackRock Inc is launching a months-long process on Tuesday to help the Federal Deposit Insurance Corp offload $114 billion of assets it picked up recently from failed banks, Bloomberg News reported on Monday, citing emails. Earlier this month, the Federal Deposit Insurance Corp (FDIC) retained BlackRock’s unit to sell the securities portfolios…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks was slightly higher on Monday as investors digested another round of corporate earnings, while the dollar and U.S. Treasuries yields rose after economic data further cemented expectations of a rate hike from the Federal Reserve in May. After the first wave of bank…
