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Michael Cohen to face more grilling as Trump’s hush money trial enters its final stretch
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Tuesday, May 14
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SRN News
Brazil pushes out Petrobras CEO, names ex-regulator to top job
By Rodrigo Viga Gaier and Marta Nogueira RIO DE JANEIRO (Reuters) -The chief executive of Brazil’s Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced ...
Tuesday, May 14
by
SRN News
OpenAI co-founder Ilya Sutskever announces departure from ChatGPT maker
SAN FRANCISCO (AP) — OpenAI co-founder Ilya Sutskever, one of the original creators of the artificial intelligence technology behind ChatGPT, said Tuesday he is leaving the company after a nearly decade. Sutskever was one of four board members last fall who voted to push out ...
Tuesday, May 14
by
SRN News
Huawei flagship store surge in China signals showdown with Apple
By Josh Ye HONG KONG (Reuters) – Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple shops, as it seeks to retake the premium electronics throne in the ...
Tuesday, May 14
by
SRN News
Dollar droops ahead of crucial CPI test; yen under pressure
By Kevin Buckland TOKYO (Reuters) – The dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of ...
Tuesday, May 14
by
SRN News
Petrobras CEO offers resignation, U.S.-listed shares tumble
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – The chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more political interference at ...
Tuesday, May 14
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SRN News
Oil prices up on wildfires in Canada, US inventories drawdown expectations
By Katya Golubkova TOKYO (Reuters) – Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada’s oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the day. ...
Tuesday, May 14
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SRN News
Fed’s Schmid says he is prepared to be patient on policy
(Reuters) – Inflation is still too high, and the U.S. central bank has more work to do to bring it down, Kansas City Federal Reserve Bank President Jeffrey Schmid said on Tuesday, a signal that he supports keeping the Fed’s ...
Tuesday, May 14
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SRN News
NYCB to sell nearly $5 billion of mortgage warehouse loans to JPMorgan
(Reuters) – Embattled regional lender New York Community Bancorp said on Tuesday it has agreed to sell about $5 billion in mortgage warehouse loans to JPMorgan Chase. The deal bolsters NYCB’s liquidity and capital as it executes a crucial turnaround to ...
Tuesday, May 14
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SRN News
Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes
WASHINGTON (AP) — Boeing has violated a settlement that allowed the company to avoid criminal prosecution after two deadly crashes involving its 737 Max aircraft, the Justice Department told a federal judge on Tuesday. It is now up to the Justice Department to decide ...
Tuesday, May 14
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SRN News
Digital bank Chime debuts advance wage product ahead of anticipated IPO
By Hannah Lang (Reuters) – U.S. digital bank Chime is launching a product that will allow customers to access up to $500 of their wages before payday, the latest move by a financial technology company to enter the fast-growing “earned wage ...
Tuesday, May 14
by
SRN News
MSCI publishes quarterly index changes
(Reuters) -MSCI will add 42 securities and remove 121 securities from its widely followed MSCI ACWI index following its quarterly review, the index provider said on Tuesday, and the changes would be implemented as of market close on May 31. MSCI carries out a quarterly ...
Tuesday, May 14
by
SRN News
Former NFL coach Jon Gruden loses Nevada high court ruling in NFL emails lawsuit
LAS VEGAS (AP) — Former NFL coach Jon Gruden lost a Nevada Supreme Court ruling Tuesday in a contract interference and conspiracy lawsuit he filed against the league after he resigned from the Las Vegas Raiders in 2021, but his lawyer said he will ...
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