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Dollar hits fresh lows as Trump attacks threaten Fed credibility

By Wayne Cole SYDNEY (Reuters) -The dollar eased to a fresh 3-1/2-year low on the euro on Thursday as concerns about the future independence of the U.S. Federal Reserve undermined faith in the soundness of the country’s monetary policy. According to a Wall Street Journal report, ...
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Judge dismisses authors’ copyright lawsuit against Meta over AI training

SAN FRANCISCO (AP) — A federal judge sided with Facebook parent Meta Platforms in dismissing a copyright infringement lawsuit from a group of authors who accused the company of stealing their works to train its artificial intelligence technology. The Wednesday ruling from U.S. District Judge ...
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Mamdani lead in New York mayoral Democratic primary leaves businesses on edge

NEW YORK (Reuters) -Business leaders in New York City voiced concerns on Wednesday, following progressive Democrat Zohran Mamdani’s likely victory in the city’s hotly contested primary for mayor the day before. New York, the nation’s preeminent financial center, boasts an annual GDP of more than ...
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Microsoft and OpenAI dueling over artificial general intelligence, The Information reports

(Reuters) -Microsoft and OpenAI are at odds over a contractual provision related to artificial general intelligence, The Information reported on Wednesday. Under the current terms, when OpenAI achieves AGI, Microsoft’s access to such a technology would be void. Microsoft wants OpenAI to remove that clause ...
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US FTC says Mars’ $36 billion Kellanova deal is not anticompetitive

(Reuters) -The U.S. Federal Trade Commission said on Wednesday that candy giant Mars’ proposed $36 billion takeover of Pringles maker Kellanova did not meet the standard for an anticompetitive merger and that the regulator was ending its review of the deal. “Our job is to ...
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China’s collateral demands curbing emerging countries’ ability to manage finances, study shows

By Duncan Miriri NAIROBI (Reuters) -China’s practice of securing its loans to low-income nations through commodity revenue streams and cash held in restricted escrow accounts is curbing their ability to manage their finances effectively, a study published on Thursday showed. China has lent hundreds of billions ...
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A judge resisted Trump’s order on gender identity. The EEOC just fired her

The federal agency charged with protecting workers’ civil rights has terminated a New York administrative judge who opposed White House directives, including President Donald Trump’s executive order decreeing male and female as two “immutable” sexes. In February, Administrative Judge Karen Ortiz, who worked in the ...
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Federal judge orders US Labor Department to keep Job Corps running during lawsuit

NEW YORK (AP) — A federal judge on Wednesday granted a preliminary injunction to stop the U.S. Department of Labor from shutting down Job Corps, a residential program for low-income youth, until a lawsuit against the move is resolved. The injunction bolsters a temporary ...
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Trump-backed crypto firm is planning stablecoin audit, new app  

By Michelle Conlin (Reuters) -Zak Folkman, the co-founder of U.S. President Donald Trump’s cryptocurrency platform World Liberty Financial, said on Wednesday that the company will issue an audit of its stablecoin “within days” and that it planned a new app. Folkman also hinted that WLF’s ...
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Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgages

The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer’s cryptocurrency holdings in their criteria for buying mortgages from banks. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie ...
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Nestle says it will remove artificial dyes from US foods by 2026

Nestle said Wednesday it will eliminate artificial colors from its U.S. food and beverages by the middle of 2026. It’s the latest big food company making that pledge. Last week, Kraft Heinz and General Mills said they would remove artificial dyes from their U.S. products ...
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Trading Day: Whirlwind fades, calm returns

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  After two days of strong gains in world stocks amid the widespread relief over cooling Middle East tensions, relative stability was the ...
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