Universal Music reiterates AI concerns as quarterly profit slumps
(Reuters) – Universal Music Group, the label representing Drake and Taylor Swift, on Wednesday posted a slump in first-quarter core…
2023
US Treasury’s financial crimes unit hits state-chartered trust with penalty
(Reuters) – The U.S. Treasury Department’s Financial Crimes Enforcement Network on Wednesday hit a South Dakota-chartered Kingdom Trust Company with…
SVB’s former parent may need new funding after $2 billion cash seizure
By Dietrich Knauth (Reuters) – Silicon Valley Bank’s former owner may need to take out a bankruptcy loan amid uncertainty…
UK draws record 46.4 billion pounds of demand for new inflation-linked bond
By David Milliken LONDON (Reuters) – Britain received a record 46.4 billion pounds ($57.9 billion) in demand from investors at…
World Bank’s Malpass: debt assessments should reflect growing share of domestic debt
By Andrea Shalal WASHINGTON (Reuters) – Debt sustainability analyses carried out by the World Bank and International Monetary Fund should…
First Republic faces potential curb on borrowing from Fed – Bloomberg News
(Reuters) -U.S. bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank, which could lead…
Disney Sues Florida’s DeSantis Over Efforts To ‘weaponize’ Government For Free Speech
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a…
New migrant caravan heads for Mexico City to speed up legal route to US
By Lizbeth Diaz TAPACHULA (Reuters) – Thousands of migrants, detained for months in southern Mexico, formed a new caravan in…
Refinitiv data shows smaller decline in U.S. earnings view
By Caroline Valetkevitch NEW YORK (Reuters) – The estimated decline in first-quarter S&P 500 earnings is getting smaller as more…
U.S. and South Korea agreed to boost economic partnerships in chips, EVs, batteries
WASHINGTON (Reuters) – South Korea and the U.S. agreed to boost economic partnerships in critical technology industries such as microchips,…