Today in the News
Factbox-U.S. corporate bankruptcies at highest level since 2010
By Bansari Mayur Kamdar (Reuters) - U.S. companies are feeling the heat of decades-high interest rates and sticky inflation, with several filing for bankruptcy protection as the era of easy money draws to a close. The tally of U.S. companies that have gone bankrupt so...
Washington quiets as Canadian smoke blankets U.S. capital
By Kanishka Singh and Brad Brooks WASHINGTON (Reuters) -The shroud of polluted air emanating from Canadian wildfires pushed further down the Atlantic Seaboard on Thursday, blanketing Washington, D.C., in an unhealthy haze and prompting many residents of the nation's...
China to build spy base in Cuba, WSJ says; US and Cuba cast doubt on report
By Matt Spetalnick and Dave Sherwood WASHINGTON/HAVANA (Reuters) -China has reached a secret deal with Cuba to establish an electronic eavesdropping facility on the island roughly 100 miles (160 km) from Florida, the Wall Street Journal said on Thursday, but the U.S....
Wall Street ends up amid record low volatility ahead of eventful week
By Shristi Achar A and David Carnevali (Reuters) - U.S. stocks closed higher on Thursday regaining some of their momentum thanks to a rebound by technology stocks, while volatility dropped to record lows ahead of an eventful economic and policy calendar next week. The...
Conservative revolt puts US House on pause until next week
By David Morgan and Gram Slattery WASHINGTON (Reuters) -The U.S. House of Representatives will postpone all votes until next week, Speaker Kevin McCarthy said on Wednesday, as a conservative revolt paralyzed the Republican Party's efforts to advance its agenda in...
Thanks to AI Frenzy, Yext Shares are Exploding
Simply mention your company is part of the AI boom, and investors will flock to it. Look at Yext (YEXT), for example. At the moment, the stock is up about $3.60, or $37.5% on a massive volume spike to 17.24 million shares, as compared to daily average volume of 1.17...
Airlines call for emissions help in long-haul to net-zero
By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by...
OpenAI CEO has no IPO plan due to ‘strange’ company structure
By Supantha Mukherjee STOCKHOLM (Reuters) - Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. "When we develop super intelligence, we are likely to make some...
Hollywood actors authorize strike as writers still out
By Lisa Richwine LOS ANGELES (Reuters) -Hollywood's actors union voted to authorize a strike if contract talks break down, turning up the heat on major film and television studios already grappling with a monthlong work stoppage by writers. After voting closed on...
Analysis-Ford’s EV charging tie-up with Tesla ripples through industry
By Abhirup Roy, Hyunjoo Jin and Isla Binnie SAN FRANCISCO (Reuters) - Ford Motor Co's decision to allow customers to use Tesla's electric-vehicle charging network has sent ripples through the industry, raising questions about a national U.S. charging standard as well...
Crypto shares tumble as Binance SEC lawsuit ripples through industry
By Hannah Lang, John McCrank and Sinéad Carew (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry. The U.S. Securities and...
Drone sighting briefly disrupts flights at Pittsburgh airport
By David Shepardson WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said a drone sighting had briefly disrupted some flights at Pittsburgh International Airport on Monday. The FAA said in a statement it had earlier temporarily suspended some arrivals...