By Stephen Nellis (Reuters) – Humane, the startup founded by ex-Apple Inc executives that raised $100 million earlier this year, said on Friday that it will use Qualcomm Inc’s chips in its forthcoming wearable device. Humane has not given a release date or many other details for a gadget that it said on Friday will…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal Reserve in fighting inflation. U.S. Treasury yields were also mostly lower after the data. The Commerce…
By Asif Shahzad LAHORE, Pakistan (Reuters) -Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund on Friday, giving the South Asian economy a much-awaited respite as it teeters on the brink of default. The IMF said it had reached an agreement on the deal with the 220 million nation, which…
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank board on Friday unanimously held the benchmark interest rate steady for the first time in nearly two years, with the market anxiously awaiting signs of when policymakers may begin to cut rates as inflation cools. All 22 analysts polled in a Reuters survey last…
By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand. Benchmark Brent crude futures for August delivery which expires on Friday, settled up 56 cents, or 0.8%, at $74.90. In the three months to the end…
By Andrew Chung (Reuters) -In a blow to LGBT rights, the U.S. Supreme Court’s conservative majority on Friday ruled that the constitutional right to free speech allows certain businesses to refuse to provide services for same-sex weddings, a decision that the dissenting liberal justices called a “license to discriminate.” The justices ruled 6-3 along ideological…
By Daniel Trotta (Reuters) – Four Georgia families sued the state in federal court on Friday to stop a law that bans transgender youth from receiving hormone therapy, joining a wave of challenges to similar laws across the United States. The plaintiffs, allowed to proceed anonymously to guard against reprisals, are seeking an injunction to…
By Daniel Wiessner (Reuters) – The U.S. Supreme Court ruling striking down race-conscious policies in college admissions includes some warnings to companies about the legal limits of workforce diversity efforts and is likely to fuel challenges to them, experts said. Thursday’s ruling has no direct impact on employers because it does not involve workplace bias…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stocks rallied on Friday, putting the tech-heavy Nasdaq on course for its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple returned to a $3 trillion market valuation. Apple Inc breached the $3 trillion mark for the first…
By Jessie Pang HONG KONG (Reuters) -Hong Kong’s pro-democracy online Citizens’ Radio station aired its final show on Friday and will cease operations owing to what its founder described as a “dangerous” political situation and the freezing of its bank account. Launched in 2005 by veteran activist Tsang Kin-shing, the Cantonese-language broadcaster gained a steady…