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UK media regulator says X promises to crack down on terrorist and hate content

LONDON (AP) - Elon Musk's social media platform X has pledged to crack down on hate and terrorist content in Britain, the country's media regulator said Friday. Ofcom said X's public commitments include restricting access in the U.K. to accounts operated by or on ...
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Exclusive-Blackstone, CD&R explore bids for Ben & Jerry’s owner Magnum, sources say

By Amy-Jo Crowley and Richa Naidu LONDON, May 15 (Reuters) - Blackstone and CD&R are among private equity firms in the early stages of exploring bids for Magnum Ice Cream Company, two sources familiar with the matter told Reuters, less than six months after the ...
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Takeaways from Fed Chair Jerome Powell’s tenure as he steps down

(NEW YORK) -- A global pandemic that put millions of Americans out of work within days. The highest inflation in four decades. An unprecedented federal criminal investigation.Fed Chair Jerome Powell faced a succession of crises over his 8-year tenure atop the central bank, which ...
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Global equity funds draw eighth weekly inflow as AI rally lifts tech

May 15 (Reuters) - Global equity funds attracted inflows for an eighth straight week through May 13 as investors chased the AI-driven rally in technology stocks on optimism over strong chipmaker earnings and shrugged off inflation concerns. They bought a net $39.15 billion of global ...
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America’s most powerful CEOs don’t have much to show from their China trip so far

By Laurie Chen and Casey Hall BEIJING/SHANGHAI, May 15 (Reuters) - With red-carpet treatment, selfies and culinary diplomacy, America's richest and most powerful executives - from Tesla's Elon Musk to Nvidia's Jensen Huang - sought to rekindle business ties with China this week at a ...
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As Powell term ends, his legacy may be as much about courting Congress as monetary policy

By Howard Schneider WASHINGTON, May 15 (Reuters) - Federal Reserve Chair Jerome Powell's immediate predecessors knew how to "go big" in a crisis, steer a committee towards an interest rate decision, and oversee changes in central bank strategy, all parts of the job that the ...
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Nasdaq, S&P 500 futures tumble as yields jump on inflation worries

May 15 (Reuters) - Futures tracking the Nasdaq and the S&P 500 tumbled more than 1% on Friday, with an AI-driven rally in U.S. stocks poised to stall, as Treasury yields jumped on concerns about higher inflation driven by the Middle East conflict. The yield ...
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Nvidia, retailer reports to shed light on AI boom, consumer spending

By Lewis Krauskopf NEW YORK, May 15 (Reuters) - Two themes critical to the U.S. stock market - the artificial intelligence boom and inflation-pressured consumer spending - will come under the microscope next week with earnings reports from semiconductor giant Nvidia and a host of ...
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US debt load could undercut Warsh’s plan to shrink Fed balance sheet

By Howard Schneider WASHINGTON, May 15 (Reuters) - Incoming Federal Reserve chief Kevin Warsh's plans to shrink the U.S. central bank's "footprint" in financial markets could be constrained by the rising federal debt and potentially lost luster of U.S. Treasuries, analysts said. Warsh, who was confirmed ...
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Powell’s legacy at the Fed to be shaped by his misjudging inflation and standing up to Trump

WASHINGTON (AP) - When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post after ...
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Takeaways from Fed chair Jerome Powell’s legacy

WASHINGTON (AP) - When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post after ...
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Strike deadline nears for New York-area train system with 250,000 daily commuters

NEW YORK (AP) - North America's largest commuter rail system is facing a potential shutdown as a deadline nears to reach a deal with unionized workers to avert a strike. The Long Island Railroad that serves New York City's eastern suburbs has been negotiating ...
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