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Law firm Morgan & Morgan explores stake sale, eyes long-term IPO, sources say

By Sabrina Valle and Milana Vinn NEW YORK, June 5 (Reuters) - Morgan & Morgan, the largest U.S. personal injury law firm, has hired JPMorgan to explore a minority stake sale that could pave the way for a public listing years from now, according to ...
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Anthropic urges a way to pause AI development as risks grow with the tech advances

Anthropic is proposing that the world's top artificial intelligence companies come up with a coordinated way to pause development of advanced AI systems, warning the technology is improving so quickly there's a risk humans would lose control. The company behind the Claude chatbot said ...
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Hiring blows past expectations, accelerating in May despite Iran war

(NEW YORK) -- Hiring blew past expectations in May, registering at a blockbuster clip despite a continued rise in inflation set off by the Iran War.The U.S. added 172,000 jobs in May, according to the report, which marked an acceleration from 115,000 jobs added ...
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S&P 500, Nasdaq slip at open after solid jobs data fuels hawkish Fed fears; chip stocks fall

(Corrects day of the week to Friday from Thursday in paragraph 1) June 5 (Reuters) - The S&P 500 and the Nasdaq dropped at market open on Friday as chip stocks eased after a sharp rally, while a strong jobs report reinforced expectations of tighter ...
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Instant View: Strong May jobs number sends yields, rate expectations higher

NEW YORK, June 5 (Reuters) - The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-term interest rates higher on Friday morning in the face of inflation ...
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Private credit roundup: Private equity catches the cold

LONDON, June 5 (Reuters) - Stresses in private credit are spilling into adjacent private equity markets. Swiss asset manager Partners Group capped redemptions this week, signalling the volatility in private credit, which typically issues the loans that finance private equity investments, is spreading. Partners Group, ...
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Factbox-Beyond the pitch: Brokerages bet on sector winners as soccer World Cup set to kick off

By Siddarth S and Rashika Singh June 5(Reuters) - The 2026 FIFA World Cup will inject billions of dollars into host economies, driven by a massive consumption surge that will benefit sectors as varied as tourism to retail and athletic wear, according to analysts. The iconic ...
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US employers likely added 105,000 jobs in May with labor market stable despite costly Iran war

WASHINGTON (AP) - The American job market has climbed out of a rut. But it's still trudging along tepidly, frustrating young people and others out of work. The Labor Department is expected to report Friday that companies, non-profits and government agencies added 105,000 jobs last ...
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S&P Global keeps fast entry proposal unchanged as SpaceX listing looms

June 4 (Reuters) - S&P Global said on Thursday it was not changing the rules for fast entry into their major indices, setting up a clash with Elon Musk's SpaceX which is set to start trading on the public markets next week. Musk has ...
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The Media Line: Israel’s Haredi Debate Becomes an Economic Reckoning 

Israel's Haredi Debate Becomes an Economic Reckoning Rising defense costs, demographic change, and gaps in education, employment, and military service are turning a long-running social dispute into a national fiscal challenge By Gabriel Colodro / The Media Line Israel's debate over the ultra-Orthodox community ...
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Gas prices are falling despite the Iran war’s impact. Will it last?

(NEW YORKI) --Drivers stung by high gas prices have enjoyed some welcome relief over the last couple of weeks, even as the impact of the Iran war continues to choke off oil supply.The national average price of a gallon of gas stood at $4.26 ...
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US will stick to tariff caps in deals with EU, Japan and others, US trade chief says

By Leigh Thomas PARIS, June 4 (Reuters) - The United States will respect the tariff caps in trade deals struck with the European Union, Japan and others and planned new U.S. tariffs over forced labour provide the legal basis to do so, U.S. Trade Representative ...
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