(Reuters) – Ratings agency Fitch on Friday placed a raft of U.S. government-related securities on watch for a possible downgrade, as talks over the debt ceiling dragged on. Fitch said it has placed the “AAA” ratings of certain categories of debt that are directly tied to the creditworthiness of the U.S. or its related entities…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude settled 69 cents, or 0.9%, higher at $76.95 a barrel. U.S….
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street’s main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising the U.S. debt ceiling progressed. Treasury yields climbed as investors rethought how long interest rates were likely to keep rising. Democratic and Republican negotiators…
By Jonathan Stempel (Reuters) – A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk’s $44 billion buyout. Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter’s lawsuit to force Musk to complete…
(Reuters) – Drawn-out negotiations between the White House and Republicans to raise the $31.4 trillion debt ceiling have unnerved markets and fanned worries about the economic impact of a possible default. Global rating agencies have warned of a downgrade of the country if a deal is not reached soon. Following are some of the actions…
By Supantha Mukherjee and Martin Coulter (Reuters) – OpenAI has no plans to leave Europe, CEO Sam Altman said on Friday, reversing a threat made earlier this week to leave the region if it becomes too hard to comply with upcoming laws on artificial intelligence. The EU is working on what could be the first…
LONDON (Reuters) – Britain’s competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses’ advertising data for its Facebook Marketplace service to address the regulator’s competition concerns. The Competition and Markets Authority (CMA) said it was minded to accept the commitments, which include advertisers being able to…
WASHINGTON (Reuters) – The U.S. Department of Labor said on Friday it was providing up to $653 million in grants to state governments to help safeguard against fraud by updating their unemployment insurance (UI) information technology infrastructure. It said in a statement that $600 million in grants would also assist with improving service delivery. The…
By Hannah Lang WASHINGTON (Reuters) – The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditch talks on the U.S. debt ceiling. Apparent progress in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease investor…
By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday. Leaders of the G7, which includes the United States, European Union and Japan, last week agreed to create an intergovernmental forum called the…
