WASHINGTON (Reuters) -A group of U.S. Senate Democrats called on President Joe Biden to prepare to invoke the U.S. Constitution’s 14th Amendment to avoid a debt default if negotiations with Republicans fail, according to a letter released on Thursday. Led by independent Bernie Sanders, who caucuses with the Democrats, the 11 lawmakers said while they…
By Jeff Mason and Trevor Hunnicutt HIROSHIMA, Japan (Reuters) – The United States and the rest of the “Group of Seven” major economies will unveil new sanctions and export controls targeting Russia over its war against Ukraine, a U.S. official said ahead of a G7 summit in Japan. G7 leaders are gathering in Hiroshima on…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney Co is scrapping plans to build a nearly $1 billion corporate campus in central Florida that would have housed 2,000 employees, according to an e-mail to employees on Thursday, against the backdrop of its ongoing legal battle with Florida Governor Ron DeSantis. Disney parks…
By David Shepardson WASHINGTON (Reuters) -The National Transportation Safety Board on Thursday urged federal and state officials to improve maintenance oversight for more than 10,000 U.S. bridges made of a specific type of steel, based on its review of a 2022 bridge collapse in Pittsburgh. The NTSB said officials should make sure any problems identified…
By Horacio Soria and Claudia Martini BUENOS AIRES (Reuters) – Argentine President Alberto Fernandez and protesters in Buenos Aires pushed back against the International Monetary Fund (IMF) on Thursday amid heightened tensions with the lender as the country faces nearly 109% inflation and dwindling dollar reserves. The South American grains producer, which has a strained…
(Reuters) -Apple Inc has restricted the use of ChatGPT and other external artificial intelligence tools for its employees as Apple develops similar technology, the Wall Street Journal reported on Thursday, citing a document and sources. Apple is concerned about the leak of confidential data by employees who use the AI programs and has also advised…
By David Brunnstrom, Michael Martina and David Lawder WASHINGTON (Reuters) -China’s commerce minister will visit the United States next week for meetings with the commerce secretary and Washington’s top trade official, the Chinese embassy spokesperson in Washington said on Thursday, as the U.S. seeks engagement with Beijing to salve damaged ties. Liu Pengyu made the…
By Harry Robertson LONDON (Reuters) – If investors agree on one thing this year, it’s that the dollar is going to fall. That’s made the greenback’s 2% bounce over the last month particularly confusing. U.S. inflation is cooling and the Federal Reserve may pause its interest rate hikes next month. So the dollar should be…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed higher for a second straight day on Thursday on mounting optimism that a U.S. debt ceiling deal could be reached within days, with discount retailer Walmart Inc providing additional support after an upbeat annual sales forecast. The benchmark S&P 500 index rebounded from early declines…
(Reuters) -Twitter Inc has alleged that Microsoft Corp violated an agreement over using the social media company’s data, according to a letter seen by Reuters on Thursday. Twitter owner Elon Musk’s lawyer leveled accusations of “unauthorized” usage of Twitter’s data by Microsoft, including sharing data with government agencies without permission in some cases. In the…
