By Brad Brooks (Reuters) -The American Civil Liberties Union (ACLU) filed a lawsuit on Monday on behalf of Oklahoma residents asking a state judge to block the creation of the nation’s first religious public charter school. Oklahoma’s Statewide Virtual Charter School Board, one of the defendants in the suit, in June approved the Catholic Church’s…
By Carolina Mandl NEW YORK (Reuters) -Global long/short hedge funds, those that bet stocks will fall or rise, were forced to unwind bearish bets that were dragging down performance in July, a Goldman Sachs report showed on Monday. Long/short funds are on track to post the worst monthly so-called alpha performance since May 2022, which…
By David Shepardson WASHINGTON (Reuters) -A California state agency on Monday said it is reviewing the privacy practices of automakers and vehicle technology companies amid concerns about the growing volume of data collected by cars. The California Privacy Protection Agency (CPPA) said its Enforcement Division is making inquiries about vehicles embedded with features like location…
By Shariq Khan BENGALURU (Reuters) -Oil prices rallied to a fresh three-month high on Monday and recorded their steepest monthly gains since January 2022, supported by signs of tightening global supply and rising demand through the rest of this year. More actively traded October Brent crude futures rose $1.02, or 1.2%, to settle at $85.43…
(Reuters) – Shares in Johnson & Johnson were down 4.1% on Monday and looked set for their biggest one-day percentage loss since June 2020 after a U.S. judge shot down its second attempt to resolve tens of thousands of talc-related lawsuits. Johnson & Johnson has now failed twice to resolve talc suits by offloading the…
By Felix Onuah ABUJA (Reuters) – Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but costly subsidy on petrol and moved to unify its multiple exchange rates, President Bola Tinubu said on Monday. Tinubu is under pressure as prices soar following the country’s boldest reforms…
By Brendan Pierson (Reuters) -Healthcare providers and an abortion rights group on Monday sued Alabama in an effort to block the state from criminally prosecuting people who help others travel out of state to get abortions. In a lawsuit filed in Montgomery, Alabama federal court, the West Alabama Women’s Center, the Alabama Women’s Center and…
OpenAI, the company behind the popular AI system ChatGPT, has taken a step towards the future by filing a trademark application for ChatGPT-5. The news was shared by trademark lawyer Josh Gerben in a tweet on Monday, revealing that the filing was made with the USPTO on July 18th. Since the successful launch of ChatGPT…
Bernstein’s outlook for Nvidia appears more positive, bolstered by the latest news from major cloud-computing vendors regarding their AI spending plans. The technology analysts at Bernstein downplayed short-term and medium-term risks of an AI infrastructure oversupply leading to a potential boom and bust cycle for Nvidia’s semiconductors. Instead, they see robust customer demand for Nvidia…
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank unanimously held the benchmark interest rate at 13.25% for the second time in a row on Monday, amid slowing inflation which has removed pressure for further hikes but remains too high for borrowing cost cuts. Inflation remains at high levels compared to the…