By Nate Raymond (Reuters) -The founders of a venture capital fund devoted to funding Black women-owned businesses on Thursday defended their efforts to support underrepresented entrepreneurs in the face of a lawsuit by a conservative activist accusing it of racial discrimination. The Fearless Fund’s leaders and its lawyers during a news conference in New York…
By Richa Naidu, Martin Coulter and Jason Lange LONDON/WASHINGTON (Reuters) – Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are considering how to best make use of ChatGPT,…
SAO PAULO (Reuters) – Ford’s Brazilian unit on Friday said it reached a transfer agreement with the government of Bahia state to give it ownership of a factory complex closed since 2021. The automaker said the agreement will provide it with “compensation in amounts compatible with the market,” but did not disclose an amount. Chinese…
By David French (Reuters) – The S&P 500 and the Nasdaq Composite fell on Friday and posted their second straight weekly losses, as hotter-than-expected U.S. producer prices data pushed Treasury yields higher and sank rate-sensitive megacap growth stocks. The Dow Jones Industrial Average closed higher for the day and ended the week up 0.6%. It…
By Luc Cohen and Jody Godoy NEW YORK (Reuters) -Sam Bankman-Fried is heading to jail after a U.S judge on Friday revoked his bail, finding probable cause that the indicted founder of the bankrupt FTX cryptocurrency exchange tampered with witnesses at least twice. U.S. District Judge Lewis Kaplan’s decision to jail the 31-year-old former billionaire…
WASHINGTON (Reuters) -The U.S. on Friday imposed new sanctions on four Russians linked to financial and investment conglomerate Alfa Group and a Russian business association, the latest measures targeting Moscow’s financial elite over the war in Ukraine. The Treasury Department said it was targeting four men who have served on Alfa’s supervisory board – Petr…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Several prominent investors including hedge fund Baupost Group and mutual fund giant Fidelity bought or increased their holdings in retailer Amazon.com during the second quarter as its stock surge helped fuel Wall Street’s rally. Baupost Group owned 963,946 shares in Amazon on June 30, according to a regulatory…
By Tom Hals and Jody Godoy WILMINGTON, Delaware (Reuters) – A Delaware judge approved AMC Entertainment’s revised stockholder settlement on Friday, three weeks after the judge rejected a related deal by the cinema operator. The ruling sent the shares of the company’s preferred stock soaring 27%. The company’s common stock fell 27%. AMC has…
By Boureima Balima and Felix Onuah NIAMEY (Reuters) -Thousands of people gathered in Niger’s capital on Friday to demonstrate in favour of last month’s coup as regional leaders were considering military intervention to restore civilian rule. Since the July 26 military ouster of elected President Mohamed Bazoum, many Nigeriens have joined junta-organised rallies to show…
By David Shepardson WASHINGTON (Reuters) -The U.S. and China will approve twice the number of passenger flights currently permitted for air carriers to fly between the two countries, the Biden administration said on Friday, in a rare sign of cooperation between the world’s largest two economies. The U.S. Transportation Department (USDOT) said it would will…
