By Joseph Ax (Reuters) -The U.S. Supreme Court on Thursday struck down race-conscious policies in college admissions, ending decades of precedent that had allowed schools nationwide to use such programs to increase the diversity of their student bodies. Here is an explanation of the policies commonly known as affirmative action, their history and the possible…
By Sri Hari N S and Niket Nishant (Reuters) -Thrift store operator Savers Value Village fetched a market capitalization of nearly $4 billion in a strong debut on the New York Stock Exchange on Thursday, underscoring a resurgence in the IPO market as investors lap up new listings. Savers Value, owned by private equity firm…
By Brendan O’Brien CHICAGO (Reuters) -Murky, dull skies loomed over tens of millions of Americans on Thursday as smoke from prolonged Canadian wildfires drifted across the Midwest and East, causing unhealthy and, in some spots, dangerous conditions. Air-quality alerts were in effect until midnight for a swath of the United States that extended from Wisconsin…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Thursday bolstered the ability of employees to obtain accommodations at work for their religious practices, reviving a lawsuit by an evangelical Christian former mail carrier accusing the Postal Service of discrimination after being disciplined for refusing to show up for work on Sundays. The 9-0 ruling…
By Karl Plume CHICAGO (Reuters) – The most intense drought to hit the U.S. Midwest farm belt since 2012 deepened over the past week, sapping soil moisture and threatening crop yield potential in the heaviest corn and soybean production areas of the United States. But a series of rain storms forecast over the next two…
(Reuters) – AI company Runway has been valued at $1.5 billion in its latest round of funding, a source familiar with the matter said on Thursday, after it raised $141 million from investors, including Alphabet-owned Google and Nvidia. The extension to the Series C funding round also included Salesforce Ventures and Runway’s existing investors, the…
By Jonathan Stempel NEW YORK (Reuters) – Coinbase, the largest U.S. cryptocurrency platform, said it will ask a judge to dismiss the U.S. Securities and Exchange Commission lawsuit claiming it broke the law by failing to register its business. In a letter filed just before midnight on Wednesday in Manhattan federal court, Coinbase said the…
FRANKFURT (Reuters) – Volkswagen said on Thursday that it was in discussions with Tesla over its North American charging standard to optimize it for its customers. “Volkswagen Group and its brands are currently evaluating the implementation of the Tesla North American Charging Standard (NACS) for its North American customers,” Volkswagen said in an emailed statement….
WASHINGTON (Reuters) – Generative AI, which is best known for ChatGPT, raises competition concerns and is a focus of the Federal Trade Commission’s Bureau of Technology along with its Office of Technology, the agency said in a blog post by the staff of the two offices. “Generative AI depends on a set of necessary inputs….
By Danielle Broadway LOS ANGELES (Reuters) – Laz Alonso recalled his days as an aspiring actor trying to break into the industry with the preconceived notion that all actors were rich. “It’s very easy to think all the Hollywood stars or anybody in Hollywood is rich and swimming in money in a swimming pool. That’s…
