By Raphael Satter WASHINGTON (Reuters) – In late June, one of cybersecurity expert Steven Adair’s clients got an alert from Microsoft: one of the client’s employees working on human rights issues had their email account compromised. The client wanted to know if Adair could get to the bottom of it. Adair, who used to work…
By Joseph White DETROIT (Reuters) – United Auto Workers President Shawn Fain is not a shouter. When he addresses union members in Facebook videos, or appears in public, he rarely raises his voice. But what Fain tells UAW members and the language he uses to frame the union’s goals represent the most aggressive challenge in…
By Lawrence Delevingne and Huw Jones (Reuters) -U.S. stocks rose again and global equities hit new highs for 2023 on Thursday, while the dollar and Treasury yields continued to slide, as slowing U.S. inflation stoked bets that the Federal Reserve will pause rate hikes after this month. Wall Street’s main stock indexes built on Wednesday’s…
By David Shepardson and Christopher Bing WASHINGTON (Reuters) – U.S. Commerce Department Secretary Gina Raimondo was among a group of senior U.S. officials whose emails were hacked earlier this year by a group Microsoft says is based in China, according to a person briefed on the matter, as fallout from the digital theft continues to…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations the Federal Reserve would hike interest rates just one more time this year, eroding the greenback’s yield advantage over its peers. Against a basket of six currencies, the dollar index fell…
By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum. The IMF said in a briefing note for a G20 finance leaders meeting…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the world’s biggest economy were close to their peak. Brent crude futures rose $1.25, or 1.6%, to settle at $81.36 per barrel. The session peak was…
By Jane Lanhee Lee and Eduardo Baptista (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designed to cut the time and cost for making chips, showed up 13 months later in the patent portfolio of Chipuller, a startup in China’s…
(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with the matter. Writedowns on Goldman’s GreenSky consumer-lending business and on holdings of commercial real estate, are likely to exceed $2 billion, the report…
By David Shepardson WASHINGTON (Reuters) -A group on Thursday sued the state of Texas, claiming that research and teaching have been compromised by the state’s ban on public university employees using Chinese-owned short video app TikTok on state-owned devices or networks. The Knight First Amendment Institute at Columbia University filed suit in U.S. District Court…
