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Fed’s Barkin: can’t rely on tightening from long-term rates
(Reuters) - Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it's unclear how that will affect the ce...
Syndicated Content Oct 17, 2023
Meta, US government spar in court over toughened privacy order
WASHINGTON (Reuters) - Lawyers for Meta, which owns Facebook, Instagram and WhatsApp, and the U.S. government tangled on Tuesday over the U.S. Federal Trade Commission's plan to toughen a 2019 privacy...
Syndicated Content Oct 17, 2023
Bridgewater adds AI, risk experts to its operating board
By Carolina Mandl NEW YORK (Reuters) - Bridgewater Associates, one of the world's biggest hedge funds, on Tuesday announced changes to its operating board of directors, adding experts on risk and arti...
Syndicated Content Oct 17, 2023
Russia may need tighter policy to bring inflation to target -c. bank analysts
MOSCOW (Reuters) - Inflation in Russia continues to accelerate and a return to the central bank's 4% target may require additional monetary policy tightening, according to a review by central bank ana...
Syndicated Content Oct 17, 2023
Golf-Netflix pairs PGA Tour stars with F1 drivers for live match play event
(Reuters) - Formula One drivers and PGA Tour golfers will compete next month in Netflix's first-ever live sports event when they face off in a match play golf tournament at Wynn Las Vegas, the streami...
Syndicated Content Oct 17, 2023
Adidas raises 2023 guidance
(Reuters) - Adidas lifted its full-year guidance on Tuesday, partly due to the positive impact of Yeezy drops through the second and third quarter, the sportswear giant said. The German company cut it...
Syndicated Content Oct 17, 2023
GM delays EV truck production by a year at Michigan plant
DETROIT (Reuters) - General Motors Co said on Tuesday it will delay production of the electric pickup trucks at its Orion, Michigan, plant by a year to better align with "evolving EV demand." The plan...
Syndicated Content Oct 17, 2023
Detroit casino workers go on strike after failed talks
By Doyinsola Oladipo NEW YORK (Reuters) - Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions called for strikes at casinos operated by MGM Grand Detroit operated by...
Syndicated Content Oct 17, 2023
South Africa to probe Meta, Google competition with news publishers
JOHANNESBURG (Reuters) - South Africa's Competition Commission will investigate whether digital platforms like Meta and Google were unfairly competing with news publishers by using their content to ge...
Syndicated Content Oct 17, 2023
Sam Bankman-Fried’s lawyer says FTX investments were not ‘reckless’
By Luc Cohen NEW YORK (Reuters) - FTX founder Sam Bankman-Fried's lawyer on Tuesday said the now-bankrupt cryptocurrency exchange's investments were not "reckless and frivolous," pushing back against ...
Syndicated Content Oct 17, 2023
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