(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. This comes days after Joby clinched a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force, marking the company’s first revenue-generating operations. Unlike other electric vertical…
By Sarah N. Lynch WASHINGTON (Reuters) – A group of 24 U.S. civil rights and criminal justice groups and advocates on Wednesday launched a coalition aimed at reforming sentencing so people convicted at trial do not face heftier punishments than those who plead guilty to the same crime. The activists are seeking to end what…
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after the Federal Reserve raised interest rates by a quarter of a percentage point and signaled it may pause further increases. In an overt shift, the central bank no longer said it “anticipates” further rates will be needed, only that it will watch…
(Reuters) -Texas authorities have arrested the wife and a friend of a man accused of killing five of his neighbors, saying the two helped the suspect evade capture for four days, a local prosecutor said on Wednesday. Francisco Oropesa was apprehended on Tuesday after a manhunt conducted by local, state and federal officials. He was…
By Mrinalika Roy (Reuters) – Green Thumb Industries Inc reported higher first-quarter sales on Wednesday, as customer traffic rose at the cannabis producer’s retail stores after more U.S. states legalized the recreational use of marijuana. The company said its quarterly revenue grew despite continued price compression, helped by strong business performance in states like New…
By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) – The United States is extensively engaged on the case of a U.S. journalist who disappeared a decade ago, including with Syria and other countries, U.S. Secretary of State Antony Blinken said on Wednesday. Austin Tice, a former U.S. Marine and a freelance journalist, was kidnapped in…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. Now, they are fighting to make sure robots do not take their jobs. The Writers Guild of America is seeking to restrict the use of artificial intelligence in writing film and television…
By Blake Brittain (Reuters) – Alphabet’s Google LLC won a jury trial on Tuesday in a long-running patent lawsuit in Delaware federal court over features in Google’s smartphones and apps. The jury decided that Luxembourg-based patent owner Arendi SARL’s patent was invalid and that Google did not infringe it, according to the verdict made public…
By David Lawder WASHINGTON (Reuters) -The U.S. Federal Reserve is unlikely to be able to protect the U.S. economy from the damage caused by a failure to raise the federal debt ceiling, Fed Chair Jerome Powell said on Wednesday, adding that the government should never be in a position where it is unable to pay…
By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – The cost of insuring against further losses in regional U.S. bank stocks stood near a one-month high in options markets on Wednesday, even as shares of lenders saw a reprieve from their recent sell-off. The 30-day implied volatility on the SPDR S&P Regional Banking…
