By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has shown a mixed picture, with “pockets of resilience” alongside signs of slowing momentum. The IMF said in a briefing note for a G20 finance leaders meeting…
LOS ANGELES (Reuters) – Thousands of Hollywood film and television actors voted to strike on Thursday, joining writers who walked off the job 11 weeks ago. How will a walkout by the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) affect viewers’ favorite shows and movies? Which films and television…
By Jane Lanhee Lee and Eduardo Baptista (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designed to cut the time and cost for making chips, showed up 13 months later in the patent portfolio of Chipuller, a startup in China’s…
(Reuters) -Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology firms that he hopes to challenge in his bid to build an alternative to ChatGPT. The startup will be led by Musk, already the CEO of electric car…
By David Lawder WASHINGTON (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues continued to weaken and July benefit payments were accelerated into June, the U.S. Treasury Department said on Thursday. The deficit compares to a June 2022 budget gap of $89 billion….
By Diane Bartz and David Shepardson WASHINGTON (Reuters) -Lina Khan, the progressive head of the U.S. Federal Trade Commission (FTC), faced tough questions on Thursday from a Republican-led House committee about court fights over multi-billion dollar mergers the agency opposed and lost. The hearing before the House Judiciary Committee came just two days after a…
(Reuters) – Goldman Sachs will report its worst quarterly earnings in years next week, with a return on equity in the low single digits, Semafor reported on Thursday citing people familiar with the matter. Writedowns on Goldman’s GreenSky consumer-lending business and on holdings of commercial real estate, are likely to exceed $2 billion, the report…
MOSCOW (Reuters) – Russian President Vladimir Putin said on Thursday that Western supplies of weapons to Ukraine would change nothing on the battlefield but only further escalate the conflict, adding that foreign-made tanks were a “priority target” for Moscow’s forces. Putin, in comments to state television made after a NATO summit in which Ukraine won…
WASHINGTON (Reuters) -A U.S. appeals court on the West Coast opened a docket on Thursday on the U.S. Federal Trade Commission’s effort to overturn its loss trying to stop Microsoft from buying “Call of Duty” maker Activision. A federal judge in California had ruled for Microsoft on Tuesday, saying the agency had failed to show…
By David Shepardson WASHINGTON (Reuters) -A group on Thursday sued the state of Texas, claiming that research and teaching have been compromised by the state’s ban on public university employees using Chinese-owned short video app TikTok on state-owned devices or networks. The Knight First Amendment Institute at Columbia University filed suit in U.S. District Court…
