By Carolina Mandl NEW YORK (Reuters) – Nvidia Corp’s debut in the club of U.S. companies valued at $1 trillion on Tuesday may have given a boost to a number of portfolio managers who bough[...]
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May 30, 2023
Delta Air Lines faces proposed U.S. class action over carbon neutral claims
By Allison Lampert and Clark Mindock (Reuters) – Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint f[...]
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Cost of insuring against US default contracts further on debt bill hopes
LONDON (Reuters) – The cost of insuring exposure to a U.S. debt default fell further on Tuesday, reflecting investor optimism over a tentative deal by U.S. lawmakers to raise the $31.4 trillion[...]
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Top AI CEOs, experts raise ‘risk of extinction’ from AI
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in rais[...]
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Risks lie ahead for US credit standing after tentative debt ceiling deal
By Davide Barbuscia NEW YORK (Reuters) – News of a debt ceiling agreement still leaves uncertainties on the U.S. credit outlook, analysts said, in addition to the immediate risk that Congress ma[...]
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US consumer confidence dips to six-month low, labor market views soften
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened, but more households planned to pu[...]
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Goldman Sachs plans to cut under 250 jobs in coming weeks-source
(Reuters) – Goldman Sachs Group Inc is expected to cut fewer than 250 jobs in the coming weeks as a sluggish market for deals weighs on investment banking, a source familiar with the matter said[...]
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Yen stronger post-emergency meeting, dollar stays lower
By Hannah Lang WASHINGTON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese o[...]
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Oil slides 4% on worries about US debt ceiling, OPEC+ talks
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major[...]
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