By Ann Saphir and Howard Schneider JACKSON HOLE, Wyoming (Reuters) -No safer than a bund. Or a gilt. Or an OAT. Long touted as hands-down the world’s “safe haven” securities, the beh[...]
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Cava rallies to record high as solid demand for steaks and salads boosts forecasts
(Reuters) – Mediterranean restaurant chain Cava Group’s shares surged over 23% to a record high of $125.38 on Friday, after strong demand for its salad bowls and pita wraps boosted its ann[...]
Read morePowell green lights September rate cut
(Reuters) – Federal Reserve Chair Jerome Powell said on Friday “the time has come” for the U.S. central bank to cut interest rates as rising risks to the job market left no room for[...]
Read moreMicrosoft to host cybersecurity summit after CrowdStrike-induced IT outage
(Reuters) -Microsoft said on Friday it would hold a summit in September to discuss steps to improve cybersecurity systems, after a faulty update from CrowdStrike caused a global IT outage last month.[...]
Read moreAnthropic says California AI bill’s benefits likely outweigh costs
(Reuters) – The benefits of California’s revised bill that seeks to regulate how artificial intelligence is developed and deployed in the state likely outweigh the costs, Anthropic said on[...]
Read moreInvestors rush to money market funds before Fed rate cut, BofA says
By Harry Robertson LONDON (Reuters) – Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S.[...]
Read moreAnalysis-Ozempic on Wall Street’s list for 2027 Medicare drug negotiations
By Michael Erman NEW YORK (Reuters) – Now that the U.S. government has negotiated prices for some Medicare program drugs effective in 2026, Wall Street analysts are betting on a 2027 list that w[...]
Read moreUS spy agencies lag civilian workforce in diversity, says report
By Jonathan Landay WASHINGTON (Reuters) – Minorities, women and disabled persons are still underrepresented in U.S. spy agencies compared with the U.S. civilian workforce, said a report released[...]
Read moreMeta cancels plans for high-end mixed-reality headset, the Information reports
(Reuters) -Meta Platforms has canceled plans for a premium mixed-reality headset intended to compete with Apple’s Vision Pro, the Information reported on Friday. The company told employees at it[...]
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