US jobless claims hold at 20-month high, existing home sales tick up in May
By Dan Burns (Reuters) – The number of people filing for state unemployment benefits for the first time held steady…
Business
Kesha settles producer Dr. Luke’s defamation lawsuit over rape accusation
By Brendan Pierson (Reuters) – Pop star Kesha on Thursday settled a lawsuit brought by her former producer Dr. Luke,…
US-based generative AI job postings up 20% in May- data
By Chavi Mehta (Reuters) – Generative AI-related job postings in the United States jumped about 20% last month as companies…
Three former Credit Suisse CEOs blamed for excessive risk-taking in bondholder suit
ZURICH (Reuters) -A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the…
Global watchdog seeks action on ‘too little, too late’ corporate goodwill writedown
By Huw Jones LONDON (Reuters) – Tougher accounting rules may be needed that force companies to write down goodwill faster…
Meta’s Oversight Board asks Facebook owner to evaluate election integrity efforts
(Reuters) – Meta Platforms’ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political…
Bankrupt Vice Media plans sale to Fortress Investment-led group
By Yuvraj Malik (Reuters) -A group of buyers including Fortress Investment Group may take over Vice Media after the consortium’s $225-million…
Fed, ECB may slash bank reserves by 90% in new era of high rates – paper
FRANKFURT (Reuters) – The Federal Reserve and the European Central Bank may mop up as much as 90% of the…
Brazil’s Americanas rushes to produce new financials, strike deal with debt holders
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even…
Dollar up on risk aversion; sterling, Swiss franc slip despite rate hikes
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed…