Author: Reuters
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US new home sales tumble in August
WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell more than expected in August as the rate on the popular 30-year fixed mortgage jumped above 7%, driving potential buyers to the sidelines. New home sales plunged 8.7% to a seasonally adjusted annual rate of 675,000 units last month, the Commerce Department said on Tuesday.…
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Uber partners with California taxi operators to boost supply
(Reuters) – Uber Technologies is partnering with Los Angeles Yellow Cab and its affiliates to increase the supply of taxis on the ride-hailing giant’s platform, the company said on Tuesday. Uber has been securing similar tie-ups in global markets including Europe and Asia over the last two years, deepening its ties with the private taxi…
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Yelp wants Google’s lawyers tossed from US antitrust case
By Mike Scarcella (Reuters) -Yelp and a coalition of news organizations have asked a U.S. judge to disqualify a prominent U.S. law firm from defending Google in the Justice Department’s ad tech lawsuit, saying the firm has a conflict of interest because it previously was their advocate on matters related to the case. Yelp and…
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US government shutdown would delay release of key economic data, official says
By Lucia Mutikani WASHINGTON (Reuters) – The publication of major U.S. economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should the federal government shut down at the end of this week because of lack of funding, a government official said. The suspension of the reports…
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Goldman to pay $6 million to settle SEC charges over deficient trading data
(Reuters) – Goldman Sachs Group agreed to pay $6 million to settle U.S. Securities and Exchange Commission charges over providing deficient trading data, the regulator said in a statement on Friday. THE TAKE The settled charges over Goldman’s failure to provide complete and accurate trading data information known as “blue sheet data” mark the latest…
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Investors shed stocks at fastest weekly rate in 2023
By Lucy Raitano LONDON (Reuters) -Investors sold stocks at the fastest weekly rate this year in the week to Wednesday, Bank of America Global Research said in a report on Friday. The BofA data captures flows from the run-up to this week’s key central bank meetings from the Federal Reserve and the Bank of England,…
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Microsoft announces unified AI assistant, new Surface devices
By Yuvraj Malik (Reuters) – Microsoft on Thursday announced a “unified” artificial intelligence (AI) for its Windows 11 platform and four new Surface devices, upping the appeal of its products spruced with the latest technology. The new AI tool, called Copilot, will work across the company’s web and productivity applications Bing, Edge browser, and Microsoft…
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US employers to see biggest healthcare cost jump in a decade in 2024
By Leroy Leo and Khushi Mandowara (Reuters) – U.S. employers are bracing for the largest increase in health insurance costs in a decade next year, according forecasts from healthcare consultants, but workers may be somewhat spared this time around in a tight labor market. Benefit consultants from Mercer, Aon and Willis Towers Watson see employer…
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Oil prices ease 1% after US Fed warns of higher rates for longer
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 1% to a one-week low on Wednesday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but stiffened its hawkish stance with a further rate increase projected by the end of the year. Brent futures for November delivery fell 81 cents, or…
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Musk’s Neuralink to start human trial of brain implant for paralysis patients
(Reuters) -Billionaire entrepreneur Elon Musk’s brain-chip startup Neuralink said on Tuesday it has received approval from an independent review board to begin recruitment for the first human trial of its brain implant for paralysis patients. Those with paralysis due to cervical spinal cord injury or amyotrophic lateral sclerosis may qualify for the study, it said,…