By Davide Barbuscia and Gertrude Chavez-Dreyfuss BOSTON (Reuters) – U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S. Treasury continues to issue large amounts of debt to back deficit spending while dealers struggle to keep up with the ballooning size of the market. Liquidity – or the ability to trade…
By James Mackenzie JERUSALEM (Reuters) -Israeli Prime Minister Benjamin Netanyahu criticized plans announced by the military on Sunday to hold daily tactical pauses in fighting along one of the main roads into Gaza to facilitate aid delivery into the Palestinian enclave. The military had announced the daily pauses from 0500 GMT until 1600 GMT in…
By David Shepardson and Andrea Shalal WASHINGTON (Reuters) – The first U.S. presidential debate between incumbent Joe Biden and Republican rival Donald Trump on June 27 will include two commercial breaks, no props and muted microphones except when recognized to speak, CNN said Saturday. In May, the candidates agreed to face off in two debates…
BORGO EGNAZIA, Italy (Reuters) – Pope Francis became the first pontiff to address a Group of Seven summit on Friday, warning world leaders that Artificial Intelligence must never be allowed to get the upper hand over humanity. An array of global chiefs warmly embraced the 87-year-old pope as he made his way around their huge…
By Jody Godoy (Reuters) – Alphabet’s Google must face trial on U.S. antitrust enforcers’ claim that the internet search juggernaut illegally dominates the online advertising technology market, a federal judge ruled on Friday. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, denied Google’s motion during a hearing, according to court records. Google had argued for…
(Reuters) -OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that OpenAI’s nonprofit board doesn’t control, The Information reported on Friday. One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, the…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more…
By Hyunjoo Jin, Ross Kerber and Tom Hals SAN FRANCISCO (Reuters) -Tesla will use Thursday’s strong support for Elon Musk’s $56 billion pay package to try to win over a Delaware judge that invalidated his 2018 agreement, the company’s board president said Friday. The long process to reaffirm the largest-ever corporate pay package ended Thursday,…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Friday that the latest round of inflation data is good news for the economy and the central bank. After being higher than desired at the start of the year, “it is welcome to see that inflation is moving…
By Andrea Shalal and John Irish BORGO EGNAZIA, Italy (Reuters) -Pope Francis made an historic appearance at the Group of Seven summit on Friday to speak about the pros and cons of artificial intelligence, while G7 leaders also pledged to tackle what they said were harmful business practices by China. Italian Prime Minister Giorgia Meloni,…
