Category Archives:
TRYing times: The slide and fall of the Turkish lira
By Marc Jones LONDON (Reuters) - Turkey's lira took a 7% nosedive on Wednesday as the country's newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping the curren...
Jun 07, 2023
Boeing accused in lawsuit of stealing trade secrets for NASA rocket
By Jonathan Stempel (Reuters) - Boeing was sued on Wednesday by a Colorado company that accused the aerospace giant of stealing trade secrets for NASA's Space Launch System rocket, and then building c...
Jun 07, 2023
Dutch privacy watchdog seeks information from OpenAI, flags concerns
AMSTERDAM (Reuters) - Dutch privacy watchdog DPA said on Wednesday it is "concerned" about the use of personal data by software makers developing artificial intelligence (AI) and it has sent a letter ...
Jun 07, 2023
Brazil’s federal subsidies reach highest level in six years in 2022
BRASILIA (Reuters) - Brazil's federal government subsidies surged to the highest level in six years in 2022, said the Planning Ministry on Wednesday, in a sharp increase driven by elevated borrowing c...
Jun 07, 2023
Investor Druckenmiller expects hard landing for U.S. economy, bullish on AI
By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) - U.S. investor Stanley Druckenmiller, chairman and Chief Executive Officer at Duquesne Family Office, said on Wednesday that he still expects...
Jun 07, 2023
Bank of Canada hikes rates to 4.75%, highest in 22 years
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22 years, on increasing concerns that infla...
Jun 07, 2023
Jack Daniel’s whiskey maker Brown-Forman tops sales estimates on higher prices, steady demand
(Reuters) - Brown-Forman Corp topped Wall Street estimates for quarterly sales on Wednesday, benefiting from higher prices as well as steady demand for its liquor brands such as Jack Daniel's whiskey,...
Jun 07, 2023
Coinbase CEO says company has been historically transparent with SEC – CNBC interview
(Reuters) - Coinbase Global's CEO Brian Armstrong said on Wednesday that the crypto exchange has a long history of being transparent with the U.S. Securities and Exchange Commission. Armstrong was spe...
Jun 07, 2023
OpenAI against regulation of smaller AI startups – CEO
NEW DELHI (Reuters) - OpenAI is against regulating smaller startups in the field of artificial intelligence, Sam Altman, Chief Executive of the firm behind ChatGPT, said at a conference in India's New...
Jun 07, 2023
Fed on hold in June, but one-third of economists expect another hike soon: Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) - The U.S. Federal Reserve will not raise rates for the first time in well over a year at its June meeting, according to economists polled by Reu...
Jun 07, 2023
Peoria, IL, USA
63 °F Overcast
