By Noor Zainab Hussain, Tatiana Bautzer and Saeed Azhar (Reuters) -Some of the largest U.S. banks said on Friday they got a profit boost from higher rates and painted a picture of a resilient economy, with sparks of hope in some businesses like deal-making that have been in the dumps of late. But they also…
By Sheila Dang and Krystal Hu (Reuters) -Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to “understand the universe.” In an often meandering 90-minute long Twitter Spaces audio chat, the billionaire discussed his vision for xAI for the first time while veering into topics such as the…
(Reuters) – U.S. Civil rights leader Jesse Jackson is stepping down as head of the Chicago-based Rainbow PUSH Coalition he founded, according to remarks he made during a recent broadcast. Jackson, 81, has been a leader of the U.S. civil rights movement since the 1960s. He fought for the rights of Black Americans and other…
By Jonathan Stempel NEW YORK (Reuters) -The U.S. Virgin Islands said it wants JPMorgan Chase to pay at least $190 million, and possibly much more, to resolve its lawsuit accusing the largest U.S. bank of ignoring the disgraced late financier Jeffrey Epstein’s sex trafficking. In a Friday filing in federal court in Manhattan, the territory…
By James Oliphant (Reuters) -Republican U.S. presidential contenders attending a forum of Christian conservatives in Iowa that typically focuses on social issues found themselves on Friday having to explain their support for Ukraine in its war with Russia to a skeptical crowd. The forum in Des Moines, sponsored by the Family Leader, an influential Iowa…
By Dawn Chmielewski (Reuters) -Like a plot from the anthology television series “Black Mirror,” the Screen Actors Guild says it is battling the studios for control over the digital replicas of performers that could be used “for the rest of eternity.” The studios counter that they have offered groundbreaking protections from misuse of images. Artificial…
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended down slightly on Friday, with bank and financial shares mostly lower on the day following quarterly reports that kicked off earnings season, but all three major U.S. stock indexes posted solid weekly gains. Offsetting some of the declines, UnitedHealth Group’s stock rallied following its…
By Rollo Ross and Danielle Broadway LOS ANGELES (Reuters) -Striking Hollywood actors joined film and television writers on picket lines for the first time in 63 years on Friday, cheering and chanting outside major studios with calls for higher streaming-era pay and curbs on use of artificial intelligence. The twin strikes will add to the…
By Brendan Pierson (Reuters) – A federal judge in Kentucky ruled Friday that the state can enforce its law banning the use of puberty-blocking drugs and hormones for transgender children while it appeals his earlier order blocking the law. Last month, U.S. District Judge David Hale found that the ban likely violated the U.S. Constitution….
By David Shepardson WASHINGTON (Reuters) – The U.S. House of Representatives is set to vote next week on legislation to raise the mandatory commercial pilot retirement age to 67 from 65 and make other aviation reforms, Republican House leaders said Friday. The House bill, approved 63-0 by the Transportation Committee in June, would reauthorize Federal…
