Business

Meta settles social media addiction case brought by rural Kentucky school district

Thursday, May 21 by SRN News

Social media companies including Meta have settled the first of many lawsuits brought by hundreds of school districts seeking compensation for costs they say they incurred dealing with harms to children's mental health from social media addiction. The lawsuit brought by a small, rural... Read More.

UAW urges tougher labor rules in US-Canada-Mexico trade talks

Thursday, May 21 by SRN News

By Kalea Hall DETROIT, May 21 (Reuters) - United Auto Workers leaders called for stronger pay standards and mandates that carmakers build where they sell, ahead of Washington's upcoming talks on a new trade deal with Canada and Mexico. UAW President Shawn Fain and others detailed... Read More.

US oil prices rise as investors doubt breakthrough in US-Iran peace talks

Thursday, May 21 by SRN News

TOKYO, May 22 (Reuters) - U.S. crude futures rose more than $1 in early trade on Friday as investors doubted the prospects of a breakthrough in U.S.-Iran peace talks, with the two countries stuck in opposing stances over Tehran's uranium stockpile and controls on... Read More.

Japan’s core inflation slows to 4-year low in April

Thursday, May 21 by SRN News

By Leika Kihara TOKYO, May 22 (Reuters) - Japan's core consumer prices rose 1.4% in April from a year earlier, data showed on Friday, marking the slowest annual pace in four years due largely to the effect of government subsidies on school tuition. But analysts expect... Read More.

Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says

Thursday, May 21 by SRN News

By Stephen Nellis FREMONT, California, May 21 (Reuters) - Lam Research is focused on adding sensing and AI capabilities to its semiconductor manufacturing tools to make them more productive as it plans expanded operations in Arizona and California, its chief executive told Reuters on Thursday. Shares... Read More.

China oil import cut, higher US exports wrongfoot market bulls

Thursday, May 21 by SRN News

By Robert Harvey, Siyi Liu and Georgina McCartney LONDON, May 21 (Reuters) - As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed to predict a market Armageddon if the U.S.-Iran war dragged on... Read More.

Brunt Workwear explores full sale or stake sale at over $1 billion, sources say

Thursday, May 21 by SRN News

By Abigail Summerville NEW YORK, May 21 (Reuters) - Brunt Workwear, a work boot and apparel brand, is exploring options including a full sale or a strategic investment that could value the private company at over $1 billion, according to sources familiar with the matter. The... Read More.

Exclusive-Starbucks scraps AI inventory tool across North America

Thursday, May 21 by SRN News

By Waylon Cunningham NEW YORK, May 21 - Starbucks terminated a worker-facing AI program for automating inventory counts this week, nine months after deploying it across its North American stores, according to an internal newsletter reviewed by Reuters and two people with direct knowledge of... Read More.

JPMorgan rolls out AI tools in investment banking globally, senior banker says

Thursday, May 21 by SRN News

By Samuel Shen and Selena Li SHANGHAI/HONG KONG, May 21 (Reuters) - JPMorgan is implementing AI tools across its investment banking business globally, its Asia investment banking head said on Thursday, among the first in the sector moving to adopt the technology widely. Global banks... Read More.

Fed’s Barkin: Policy in good place to respond to ongoing shocks

Thursday, May 21 by SRN News

By Howard Schneider RALEIGH, North Carolina, May 21 (Reuters) - How businesses and consumers respond to ongoing economic shocks will determine if the U.S. Federal Reserve can "look through" current high inflation or needs to consider raising interest rates, Richmond Fed President Thomas Barkin said... Read More.

Current Weather

UAW urges tougher labor rules in US-Canada-Mexico trade talks

US oil prices rise as investors doubt breakthrough in US-Iran peace talks

Japan’s core inflation slows to 4-year low in April

Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says

China oil import cut, higher US exports wrongfoot market bulls

Brunt Workwear explores full sale or stake sale at over $1 billion, sources say

Exclusive-Starbucks scraps AI inventory tool across North America

JPMorgan rolls out AI tools in investment banking globally, senior banker says

Fed’s Barkin: Policy in good place to respond to ongoing shocks

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