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…
Economy
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…
Banxico keeps interest rate at 11.25%, will hold for ‘extended period’
By Brendan O’Boyle and Isabel Woodford MEXICO CITY (Reuters) -The Bank of Mexico maintained its benchmark interest at 11.25% on…
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…
Mexico’s ‘super peso’ keeps gaining, but exports will likely suffer
By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso currency has reached its highest value versus the U.S. dollar in…
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…
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…
Slaughterhouse cleaning crews unionize at US firm fined for hiring kids
By Tom Polansek CHICAGO (Reuters) – More than 200 workers who clean meat plants have unionized after their employer paid…
Warren Buffett’s charitable giving tops $51 billion
By Jonathan Stempel (Reuters) -Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities, boosting his…