By Dan Burns (Reuters) – The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor market in the face of the Federal Reserve’s aggressive credit tightening….
By Daniel Trotta (Reuters) – A U.S. judge on Wednesday struck down a Florida rule and a statute that banned state Medicaid payments for transgender healthcare, marking the second defeat in two weeks for anti-transgender legislation in the state. U.S. District Judge Robert Hinkle declared the state’s practices invalid, saying they violated the constitutional right…
By Brendan Pierson (Reuters) – Pop star Kesha on Thursday settled a lawsuit brought by her former producer Dr. Luke, who claimed that she defamed him by accusing him of raping her. Terms of the settlement, announced in a joint statement posted on Instagram, were not made public. Neither admitted wrongdoing. “I am looking forward…
By Chavi Mehta (Reuters) – Generative AI-related job postings in the United States jumped about 20% last month as companies look to harness a technology that has been widely touted as the next big growth driver, according to data from job portal Indeed. The May figure, at 204 per million job postings, was also more…
ZURICH (Reuters) -A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past CEOs, of being responsible for the bank’s downfall. A lawsuit filed in a New York court on Tuesday accused former bosses Thomas Gottstein, Tidjane Thiam and Brady Dougan, and several…
By Leah Douglas WASHINGTON (Reuters) – The U.S. Congress may need to pass a short-term extension of the country’s current farm bill, the largest food and nutrition spending package, amid delays drafting the next one, the top lawmakers on the Senate and House farm committees said on Thursday. The farm bill funds U.S. nutrition, conservation…
By Brendan O’Boyle and Isabel Woodford MEXICO CITY (Reuters) -The Bank of Mexico maintained its benchmark interest at 11.25% on Thursday for the second time, signaling it will hold the rate “for an extended period” as inflation in Latin America’s second largest economy slows but remains above the bank’s target. The unanimous decision by…
WASHINGTON (Reuters) – A U.S. agency will launch a public working group on generative artificial intelligence (AI) to help address the new technology’s opportunities while developing guidance to confront its risks, the Commerce Department said on Thursday. The National Institute of Standards and Technology (NIST), a nonregulatory agency that is part of the Commerce Department,…
(Reuters) – The states of California, Minnesota and Wisconsin on Thursday joined a Federal Trade Commission lawsuit to stop Amgen’s $27.8 billion deal to buy Horizon Therapeutics, according to a court filing. The FTC said last month it filing suit opposing the deal because it would give Amgen “monopoly positions” for medicines used to treat…
By Huw Jones LONDON (Reuters) – Tougher accounting rules may be needed that force companies to write down goodwill faster and stop “overly optimistic” calculations, a global securities watchdog said on Thursday. Goodwill refers to the premium a company has paid for another company, above the net value of its assets. It has to be…
