WASHINGTON (Reuters) – The U.S. Treasury Department on Tuesday said it was calling for Large Position Reports from entities holding more than $10.2 billion worth of a six-month Treasury bill maturing on June 8, around the department’s deadline for a potential default had Congress failed to raise the debt ceiling. The Treasury said it was…
NEW YORK (Reuters) – Former FTX cryptocurrency exchange executive Ryan Salame is under investigation by federal prosecutors for possible violations of campaign finance law, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Prosecutors are looking at money Salame gave his girlfriend, Michelle Bond, who ran unsuccessfully last year for the…
(Reuters) – U.S. banking giants are scheduled to report second-quarter results starting this week as the industry tries to move past the turmoil caused by the crisis in regional lenders earlier this year. An S&P index of U.S. bank stocks has fallen more than 9% this year as investors fret about the effect of high…
(Reuters) – Sam Altman-backed Oklo has agreed to go public in the United States through a merger with his blank check firm in a deal that values the nuclear startup at $850 million, the companies said on Tuesday. Altman is bringing together Oklo that provides emission-free and affordable energy solutions and his special purpose acquisition…
By Foo Yun Chee BRUSSELS (Reuters) – The European Commission on Tuesday set out a plan in a bid to take the lead in the metaverse – shared virtual worlds accessible through the internet – and to prevent Big Tech dominating a nascent sphere that could boost economic growth. The EU initiative comes as Facebook…
By Brendan O’Brien and Rich McKay (Reuters) -Torrential downpours unleashed flash floods on the U.S. Northeast on Monday that washed out roadways, overwhelmed rivers, prompted 50 swift boat rescues and killed a woman who was swept away in front of her fiancé, officials said. More than 13 million Americans were under flood watches and warnings…
(Reuters) – Salesforce will raise prices for some of its cloud and marketing tools by an average 9% from August, the maker of software for customer relations management said, sending its shares up nearly 4% in early trading on Tuesday. Its first price hike in seven years comes at a time when Salesforce and several…
By Jeffrey Dastin and Stephen Nellis (Reuters) – Anthropic, an artificial intelligence startup backed by Google, on Tuesday widened consumer access to its chat program Claude and upgraded underlying technology that the company says makes “Claude 2” better at tasks such computer coding and arithmetic. The San Francisco-based company said its new AI model, the…
(Reuters) – The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch MacBook Air, data from research firm Canalys showed. The report adds to early signs of a recovery in the industry, which has been…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said the central bank is not done raising its short-term rate target, in an interview with the Financial Times published on Tuesday. “We’ve indicated through our projections and our communications that we think we still have some ways…
