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AI rally pauses as Middle East ceasefire goes on ‘life support’

SINGAPORE, May 12 (Reuters) - Oil crept higher and the dollar rose on Tuesday as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot chip rally in chip stocks cooled and ...
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Fed chair nominee Warsh clears hurdle on path to Senate confirmation

By Nolan D. McCaskill May 11 (Reuters) - Kevin Warsh, U.S. President Donald Trump's pick to be the next chair of the Federal Reserve, on Monday cleared a key procedural hurdle in the Senate, moving him closer to Senate confirmation ...
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Prison health company YesCare lost 80% of revenue after malpractice verdict

By Dietrich Knauth May 11 (Reuters) - YesCare, which provides medical care to prisoners in nine U.S. states, has seen its revenue fall by 80% since being hit with a $307.5 million jury verdict over allegations of substandard medical care ...
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Steris forecasts 2027 profit above estimates, banks on procedure-driven demand

May 11 (Reuters) - Medical equipment maker Steris forecast fiscal 2027 profit above Wall Street expectations on Monday, betting on strong demand for its sterilization services despite narrowly missing estimates for fourth-quarter adjusted profit. For fiscal 2027, the company expects ...
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Xi-Trump summit may yield farm deal, but China has limited soybean appetite

By Ella Cao, Trevor Hunnicutt and Naveen Thukral BEIJING/SINGAPORE, May 12 (Reuters) - China and the United States may reach a farm deal at their summit this week that expands Beijing's purchases of grains and meat, but market watchers said ...
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US consumer inflation expected to have increased further in April amid Iran war

By Lucia Mutikani WASHINGTON, May 12 (Reuters) - U.S. consumer prices likely rose at a solid pace for a second straight month in April, which would result in the largest annual increase in inflation in more than 2-1/2 years and ...
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Democrats say Republican lawmaker must resign for agreeing with ‘cotton-picking’ remark

By Kanishka Singh WASHINGTON, May 11 (Reuters) - Republican U.S. Representative Jen Kiggans faced calls from Democrats to resign for agreeing with a radio host after he said Democratic lawmaker Hakeem Jeffries should get his "cotton-picking hands off of Virginia." Kiggans ...
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Missouri’s new US House map goes to court while Louisiana and South Carolina consider redistricting

Missouri's top court is hearing an important legal challenge Tuesday to one of President Donald Trump's earliest redistricting successes while lawmakers in Louisiana and South Carolina weigh whether to become the most recent Republican states to redraw U.S. House ...
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Trump is getting another medical checkup at the end of May, the White House says

WASHINGTON (AP) - President Donald Trump is scheduled to see doctors for a medical and dental checkup this month - his fourth publicized visit to medical experts since returning to office - in what the White House describes as ...
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Adults relive the musical camaraderie of their youth at band camps reprised for grown-ups

CONCORD, N.H. (AP) - As a high school student in the 1970s, Lori Guess looked forward to packing up her oboe for a summer music camp in Sidney, Maine. The lakeside location and loon calls appealed to her, and ...
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Asian shares trade mixed after Wall Street rally despite Iran war worries

TOKYO (AP) - Asian shares traded mixed early Tuesday as optimism encouraged by a record rally on Wall Street clashed with anxiety about surging oil prices and a possible AI bubble. Japan's benchmark Nikkei 225 added 0.7% to 62,881.03. South ...
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In a trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam Altman

OAKLAND, Calif. (AP) - In a trial featuring a clash between Elon Musk and OpenAI CEO Sam Altman, neither of the tech titans has emerged as an overly sympathetic character. But nobody has more to lose than Altman, who ...
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