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Fed’s Miran’s presses case for fast rate cuts, but other policymakers push back

By Ann Saphir and Michael S. Derby (Reuters) -The Federal Reserve’s newest policymaker, Stephen Miran, continued on Thursday to press for sharp U.S. interest-rate cuts to prevent labor market collapse, saying his fellow central bankers are more scared than they should be that tariffs will ...
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Goldman Sachs sees M&A growth driven by industry consolidation, its president says

By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Goldman Sachs’ outlook for mergers and acquisitions has become more optimistic, fueled by consolidation in various industry sectors and likely acceleration in private equity-backed deals, its President John Waldron said on Thursday. “I think you’re going to ...
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Instagram’s ‘deliberate design choices’ make it unsafe for teens despite Meta promises, report finds

Despite years of congressional hearings, lawsuits, academic research, whistleblowers and testimony from parents and teenagers about the dangers of Instagram, Meta’s wildly popular app has failed to protect children from harm, with “woefully ineffective” safety measures, according to a new report from former employee ...
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Chinese premier says US and his country need to ‘work in the same direction’

NEW YORK (AP) — Chinese Premier Li Qiang told a group of American business executives Thursday that the U.S. and his country need “to work in the same direction” to further what he called “the most important bilateral partnership in the world.” Li told the ...
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‘Beast mode’ to ‘teraflop’: 10 words from the Merriam-Webster dictionary update

NEW YORK (AP) — Merriam-Webster on Thursday announced a major overhaul of its popular “Collegiate” dictionary. The company has added more than 5,000 terms. Here’s a few of them with definitions — and some usage examples of our own. DEFINITION: An extremely aggressive or energetic ...
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General Dynamics secures $1.5 billion IT contract for STRATCOM

(Reuters) -General Dynamics said on Thursday its information technology unit has secured an enterprise modernization contract worth $1.5 billion, to help support the U.S. Strategic Command, or STRATCOM. The new contract, awarded to General Dynamics in May, covers a one-year base period and six option ...
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Fed’s Logan calls for overhaul of central bank rate control toolkit

By Michael S. Derby (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said Thursday the time has come for the central bank to modernize how it manages money market conditions to achieve its monetary policy objectives. To do this, Logan said the central bank’s long-standing ...
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Oracle, Silver Lake, MGX to be main investors in TikTok U.S. with 45% ownership, CNBC reports

(Reuters) -Oracle, private equity firm Silver Lake and MGX are set to be the main investors in TikTok U.S. with a combined 45% ownership, CNBC reported on Thursday, citing sources. TikTok, Oracle, Silver Lake and MGX did not immediately respond to a Reuters request for ...
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US funding lapse would halt air traffic controller training, group says

WASHINGTON (Reuters) -A partial U.S. government shutdown next week would halt air traffic controller hiring and training and cost the U.S. travel sector $1 billion per week, an industry group said on Thursday. The U.S. Travel Association, which represents airlines, hotels, car rental firms and ...
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USDA plan to rebuild beef herd will not include producer payments, says farm secretary

By Leah Douglas WASHINGTON (Reuters) -The U.S. Department of Agriculture is developing a plan to revitalize the decimated U.S. beef herd, but will not offer payments to producers, Agriculture Secretary Brooke Rollins said on Thursday.  The U.S. cattle inventory is the lowest since 1951, according to ...
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Amazon to pay $2.5 billion to settle FTC allegations it duped customers into enrolling in Prime

SEATTLE (AP) — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so. The Seattle ...
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Average rate on a 30-year mortgage edges higher after declining four weeks in a row

MCLEAN, Va. (AP) — The average rate on a 30-year U.S. mortgage ticked up this week, ending a four-week slide that brought down borrowing costs for homebuyers to the lowest level in nearly a year. The rate rose to 6.3% from 6.26% last week, mortgage ...
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