By Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court justices on Tuesday appeared ready to bolster the ability of employees to obtain accommodations at work for their religious practices in a case involving an evangelical Christian former mail carrier’s claim of discrimination against the U.S. Postal Service. The nine justices heard oral arguments in an appeal…
By Noel Randewich (Reuters) – Nvidia’s stock jumped to its highest in a year on Tuesday, extending a recent rebound after HSBC flipped its recommendation on the graphics chipmaker to “buy” from “reduce,” pointing to opportunities in artificial intelligence. HSBC Head of Technology Research Frank Lee had been the only one among 48 analysts covering…
By Michael Martina WASHINGTON (Reuters) – China is increasing its Antarctic footprint according to new satellite imagery collected by a Washington-based think tank that shows construction has resumed for the first time since 2018 on the country’s fifth station in the southern polar region. Beijing has sought to develop new shipping routes in the Arctic…
By Valerie Insinna and Nathan Gomes WASHINGTON (Reuters) -Boeing Co still plans to ramp up production of its best-selling 737 MAX passenger jet this summer, despite a recent manufacturing problem that has paused some deliveries, the planemaker’s CEO Dave Calhoun said on Tuesday. Last week, Boeing indicated that near-term deliveries of the 737 MAX will…
(Reuters) – A so-called “wholesale” central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on Tuesday. While a digital dollar could make sense for interbank transactions, there could be unintended consequences like disruptions to the banking system if…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding increased for a second straight month in March, while permits for future construction surged, offering some glimmers of hope for the depressed housing market ahead of the busy spring selling season. The improvement in the single-family housing market segment, which was reported by the Commerce Department…
By Niket Nishant and Tatiana Bautzer (Reuters) -Goldman Sachs Group Inc is exploring the sale of its Greensky fintech business, the bank’s CEO said on Tuesday, its latest move to scale down its retail ambitions. Greensky, which facilitates home improvement loans to consumers, was acquired by Goldman in September 2021 in a $2.24 billion stock…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Tuesday ordered JPMorgan Chase & Co CEO Jamie Dimon to set aside two days for depositions about what he knew about the bank’s relationship with sex offender and former client Jeffrey Epstein. The largest U.S. bank faces lawsuits seeking damages by women who claim…
By Blake Brittain (Reuters) – Alphabet’s Google LLC on Tuesday convinced a U.S. appeals court to cancel three anti-malware patents at the heart of a Texas jury’s $20 million infringement verdict against the company. The U.S. Court of Appeals for the Federal Circuit said that Alfonso Cioffi and Allen Rozman’s patents were invalid because they…
By Bhanvi Satija and Manas Mishra (Reuters) – Johnson & Johnson on Tuesday cautioned investors over the lingering impact of inflation-driven costs this year as the healthcare conglomerate issued a conservative full-year profit forecast, and its shares fell more than 2%. J&J also said it expected a steep decline in sales of its blockbuster Crohn’s…
