By Andrew Chung and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday struck down race-conscious admissions programs at Harvard University and the University of North Carolina, effectively prohibiting affirmative action policies long used to raise the number of Black, Hispanic and other underrepresented minority students on American campuses. In a blockbuster decision that…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest rates in July. The unexpected decline in applications reported by the Labor Department…
WASHINGTON (Reuters) – The Pentagon said on Thursday it was not aware of any imminent decision about the provision of ATACM long-range missiles to Ukraine, following a news report from the Wall Street Journal suggesting Washington was close to providing them to Kyiv. Kyiv has long sought the U.S. Army Tactical Missile System, or ATACMS,…
WASHINGTON (Reuters) – A Chinese spy balloon that flew over the United States earlier this year before being shot down did not collect information as it went across the country, the Pentagon said on Thursday. “We assess that it did not collect while it was flying over the U.S.,” Pentagon spokesman Brigadier General Pat Ryder…
WASHINGTON (Reuters) -Donald Trump and other top U.S. Republican leaders hailed the Supreme Court’s rejection on Thursday of race-conscious student admissions programs at two universities, with the former president saying the ruling marked “a great day for America.” The court decision, strongly criticized by Democrats including President Joe Biden, effectively prohibits affirmative action policies long…
WASHINGTON (Reuters) -Harvard University said on Thursday it will comply with the U.S. Supreme Court ruling that struck down its race-conscious student admissions programs in a way that will preserve its values on diversity and opportunity in higher education. “We will certainly comply with the Court’s decision,” the prestigious university said in a statement. “In…
By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a memo seen by Reuters. UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management giant with…
By Joseph Ax, Sharon Bernstein, Gabriella Borter (Reuters) -For decades, selective U.S. colleges and universities have considered, among other factors, whether applicants are from underrepresented minority groups, including Black, Hispanic and Native American. For just as long, critics of affirmative action have questioned whether race-conscious admissions policies are fair or warranted. The Supreme Court weighed…
By Niket Nishant and Krystal Hu (Reuters) -Inflection AI, a startup backed by several Silicon Valley heavyweights, said on Thursday it had raised $1.3 billion from investors including Microsoft and Nvidia, amid a boom in the artificial intelligence (AI) sector. The investment, a mix of cash and cloud credit, valued the one-year-old company at $4…
HOUSTON (Reuters) – Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents seen by Reuters, as the U.S. oil major looks to cull acreage after major shale acquisitions. The second-largest U.S. oil and gas producer last month agreed to buy shale firm PDC Energy Inc…
