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EBay slams ‘alarming’ Meta subpoena in FTC monopoly case
By Mike Scarcella (Reuters) - E-commerce platform eBay Inc on Monday asked a U.S. judge to block a bid by Meta Platforms Inc for testimony from an eBay corporate official as the social media giant see...
Syndicated Content Mar 14, 2023
Wall St relieved after inflation data but warns Fed’s fight not over
By Lewis Krauskopf NEW YORK (Reuters) - Investors on Tuesday welcomed a report showing U.S. consumer prices rose at an expected monthly pace but warned of uncertainty ahead, as the Federal Reserve fig...
Syndicated Content Mar 14, 2023
How SVB Financial Group imploded in two days
(Reuters) - The swift downfall of SVB Financial Group after rising interest rates brought on a tumultuous period for once high-flying technology startups has impaired virtually every asset class from ...
Syndicated Content Mar 14, 2023
Ohio sues Norfolk Southern over Feb. 3 train derailment
(Reuters) - The state of Ohio sued Norfolk Southern seeking civil penalties and other damages after a Feb. 3 derailment in East Palestine, Ohio, of a freight train carrying hazardous materials, and ac...
Syndicated Content Mar 14, 2023
Inflation still a front-burner issue in the hectic Fed kitchen
By Howard Schneider WASHINGTON (Reuters) - Stubbornly high inflation, a robust job market, and an outbreak of financial stress have presented the Federal Reserve with a stark choice in the coming week...
Syndicated Content Mar 14, 2023
U.S. Treasury says bank stability actions have not changed debt ceiling ‘X-date’
WASHINGTON (Reuters) - The U.S. Treasury's actions to protect depositors in failed banks SVB Financial and Signature Bank will not affect the date on which the Treasury may no longer be able to pay al...
Syndicated Content Mar 14, 2023
AMC tumbles as shareholders approve plan to convert APE preferreds
(Reuters) -Shares of AMC Entertainment Holdings Inc tumbled about 17% on Tuesday after shareholders voted in favor of converting the company's preferred stock into common shares. Shareholders also app...
Syndicated Content Mar 14, 2023
U.S. board to announce decision on Kansas City Southern acquisition deal
By David Shepardson WASHINGTON (Reuters) -The Surface Transportation Board said it plans to announce on Wednesday whether it will approve or reject Canadian Pacific's $31 billion deal to acquire U.S. ...
Syndicated Content Mar 14, 2023
U.S., Mexico officials speak ahead of meeting on drugs, arms trafficking
MEXICO CITY (Reuters) - Senior Mexican and U.S. officials have spoken ahead of a meeting in April on tackling drugs and weapons trafficking, the two governments said on Tuesday, even as Mexico sought ...
Syndicated Content Mar 14, 2023
Microsoft-backed OpenAI starts release of powerful AI known as GPT-4
By Jeffrey Dastin (Reuters) -OpenAI, the creator of chatbot sensation ChatGPT, on Tuesday said it is beginning to release a powerful artificial intelligence model known as GPT-4, setting the stage for...
Syndicated Content Mar 14, 2023
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