By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed at fresh highs of the year on Tuesday, after inflation data did little to alter views for the timing of a rate cut by the Federal Reserve, a[...]
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December 12, 2023
Meta used copyrighted books for AI training despite its own lawyers’ warnings, authors allege
By Katie Paul NEW YORK (Reuters) – Meta Platforms’ lawyers had warned it about the legal perils of using thousands of pirated books to train its AI models, but the company did it anyway, a[...]
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BOJ wants markets ready for a policy shift – just not so soon
By Leika Kihara TOKYO (Reuters) -Japan’s central bank chief faces a key test of his communication skills at next week’s monetary policy meeting, where he is expected to keep alive prospect[...]
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Brazil court OKs bankruptcy protection for Starbucks, TGI Fridays operator
SAO PAULO (Reuters) -A Sao Paulo judge on Tuesday approved bankruptcy protection for SouthRock Capital, which runs all Starbucks coffee shops and TGI Fridays restaurants in Brazil, according to a cour[...]
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Air NZ sees first-half earnings at lower end of forecast
By Echha Jain (Reuters) – Air New Zealand said on Wednesday it expects its first-half earnings to be at the lower end of its forecast, due to weak travel demand and increased competition from U.[...]
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Oil falls more than 3% on softening demand, oversupply concerns
By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 3% on Tuesday to their lowest level in six months on concerns of oversupply and after U.S. economic data showed an unexpected rise in consum[...]
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X’s 2023 ad sales to slump to $2.5 billion – Bloomberg News
(Reuters) -Elon Musk’s social media platform X’s 2023 ad sales are projected to fall to about $2.5 billion, Bloomberg News reported on Tuesday. Several companies including Comcast and Walt[...]
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Wall St closes higher ahead of Fed; crude tumbles
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced Tuesday and the dollar dipped after a report showed sticky U.S. inflation meandering lower as the Federal Reserve convened to assess policy and[...]
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US FTC finalizes car-buying rules to rein in junk fees, bait-and-switch
WASHINGTON (Reuters) – Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge junk fees – like a service contract for an oil c[...]
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