By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Streaming pioneer Netflix showed resilience by gaining more quarterly subscribers than in the past three years despite strikes by Hollywood[...]
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October 19, 2023
Union Pacific seeks to rework some contracts; flags hit from UAW strike
By Ananta Agarwal and Amna Karimi (Reuters) -Union Pacific is re-negotiating some contracts to account for inflationary pressures, the railroad operator said on Thursday, and warned that it was beginn[...]
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Fed developing extra ‘stress test’ scenarios to test for bank weaknesses: official
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is developing additional scenarios to probe for weaknesses in large banks as part of its 2024 stress test, its top regulatory official[...]
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Music publishers sue AI company Anthropic over song lyrics
By Blake Brittain (Reuters) – Music publishers Universal Music, ABKCO and Concord sued artificial intelligence company Anthropic in Tennessee federal court on Wednesday, accusing it of misusing[...]
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Blackstone’s Q3 earnings miss shows toll of interest rate rises
By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected 12% year-on-year, as high interest rates weighed on a[...]
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US weekly jobless claims at nine-month low; labor market remains tight
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week, indicating that strong job growth persisted in Oc[...]
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Exclusive-Japan’s JFE Steel eyes stake in Teck’s coal business -sources
By Divya Rajagopal and Neha Arora TORONTO (Reuters) -Japan’s JFE Steel Corp is in talks to buy a stake in the metallurgical coal business of Canada’s Teck Resources, two people aware of th[...]
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Crunch time for Brazil ports as coffee flow hit, sugar vessels delayed
By Marcelo Teixeira (Reuters) – Brazil’s commodities export hubs are strained with record volumes of soy, corn and sugar to be moved at a time of the year when rains start to increase in s[...]
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NY Attorney General sues crypto firms Gemini, DCG, Genesis for ‘fraud’
(Reuters) -New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly “defrauding[...]
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