By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar was little changed to slightly higher against major currencies on Friday, as business activity data suggested that the world’s largest economy remained resilient, supporting expectations of another 25-basis-point interest rate increase by the Federal Reserve at next month’s policy meeting. Against commodity currencies, the greenback…
MILAN (Reuters) – Italy’s antitrust authority said on Friday it had taken measures against Meta Platforms over allegations it abused its position in the country, part of an investigation of music rights. Meta, the U.S. company which owns Facebook, WhatsApp and Instagram, last month failed to reach a deal with the Italian society of authors…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – As U.S. stocks test the top of a range that has held for months, two widely used analytical styles appear to be painting conflicting scenarios for where they might go next. Technical indicators such as equity price movement largely show stocks are poised to continue a rally…
By Andrey Sychev and Supantha Mukherjee (Reuters) – Business software maker SAP on Friday reported first-quarter revenue above analysts’ expectations, backed by growth in its cloud business but lowered its outlook for the year due to the divestment of its Qualtrics unit. SAP, which in January announced plans to cut 3,000 jobs as it looked…
RAMSTEIN AIR BASE, Germany (Reuters) -The United States said it will soon start training Ukrainian troops to use its Abrams tank and Germany announced a deal to establish a Polish hub to repair tanks as the U.S. hosted a meeting of allies on Friday. The meeting at Ramstein Air Base, the latest in a series…
LONDON (Reuters) – Former Barclays investor Edward Bramson on Friday questioned how the British bank and its chairman Nigel Higgins vetted its ex-CEO Jes Staley over his earlier business ties to sex trafficker Jeffrey Epstein. Activist investor Bramson said in a letter seen by Reuters that Higgins had told him that he had never asked…
By Noel Randewich and Akash Sriram (Reuters) – Amazon’s stock rallied to its highest in more than two months on Friday after a research firm predicted the online heavyweight’s retail business in North America is set to beat Wall Street’s estimates. Amazon’s shares climbed 4% to $108, their highest since Feb. 3, giving the Seattle…
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink sold nearly 7% of his stake in the asset management giant, netting proceeds of about $25 million. The sale was disclosed in a filing with the U.S. Securities and Exchange Commission on Thursday. Last week, the New York-based company reported an 18% drop in its first-quarter…
By Joseph White DETROIT (Reuters) -United Auto Workers union President Shawn Fain said on Friday there is “no excuse” for Detroit’s automakers to set up electric vehicle operations and ventures that are not unionized. Fain also told the Detroit Automotive Press Association that Stellantis NV’s decision to idle an assembly plant in Belvidere, Illinois, is…
WASHINGTON (Reuters) – U.S. Homeland Security Secretary Alejandro Mayorkas said Friday that the agency would create a task force to figure out how to use artificial intelligence to do everything from protecting critical infrastructure to screening cargo to ferret out products made with slave labor. While artificial intelligence isn’t new, the sudden popularity of OpenAI’s…
