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BlackRock turns bearish on long-term Treasuries as AI funding wave looms

By Davide Barbuscia NEW YORK, Dec 2 (Reuters) - The BlackRock Investment Institute said on Tuesday it is turning bearish on long-term U.S. Treasuries, warning a coming wave of AI-related financing could put upward pressure on U.S. borrowing costs and exacerbate worries over U.S. government ...
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JetBlue resumes operations after Airbus software modifications, flags capacity impact

Dec 2 (Reuters) - Low-cost U.S. carrier JetBlue Airways said on Tuesday it had completed the required software updates on its A320 and A321 fleet, in relation to Airbus' recall of the same last week, and had resumed normal operations. JetBlue joins dozens of airlines ...
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Lumexa Imaging targets up to $1.89 billion valuation in US IPO

Dec 2 (Reuters) - Lumexa Imaging is aiming for a valuation of more than $1.89 billion in its U.S. initial public offering, the Welsh, Carson, Anderson & Stowe-backed company said on Tuesday. Private equity sponsors are sitting on a record backlog of companies primed to ...
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Amazon cuts seller fees in Europe in Shein, Temu price war

By Helen Reid LONDON, Dec 2 (Reuters) - Amazon is cutting the fees it charges sellers in Europe as it responds to competition from marketplaces like Shein and Temu that sell clothes, homeware and gadgets at rock-bottom prices. The move, which Amazon said in a statement ...
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Michael and Susan Dell donate $6.25 billion to encourage families to claim ‘Trump Accounts’

NEW YORK (AP) - Billionaires Michael and Susan Dell pledged $6.25 billion Tuesday to provide 25 million American children under 10 an incentive to claim the new investment accounts for children created as part of President Donald Trump's tax and spending legislation. The historic ...
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The Associated Press’ top photos of 2025 from the US

Amid upheaval across the U.S. in 2025, Associated Press photographers captured images of heartache and hope, celebration and despair and flickering moments of wonder. They took us inside the infernos that devastated Los Angeles and swept through a historic California Gold Rush town, and found ...
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Taiwan charges Tokyo Electron unit in TSMC trade secrets case

TAIPEI, Dec 2 (Reuters) - Taiwan prosecutors said on Tuesday they had charged Tokyo Electron's Taiwan unit with violating the National Security Act and the Trade Secrets Act after a former employee was indicted for stealing trade secrets from chipmaker TSMC. The unit could face ...
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Kids who have smartphones by age 12 have higher risk of depression, obesity: Study

(NEW YORK) -- Children who have smartphones by age 12 are at higher risk of lack of sleep, obesity and depression, according to a new study published Monday in the journal Pediatrics.What's more, researchers found that the earlier a child received a smartphone, the ...
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Supreme Court hears subpoena dispute over anti-abortion pregnancy centers

(NEW YORK) -- A group of anti-abortion pregnancy centers in New Jersey is asking the Supreme Court on Tuesday to let it challenge an investigative subpoena from the state's Democratic attorney general in federal court on grounds it violates the First Amendment.First Choice Women's ...
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Judge to review Maurene Comey’s wrongful termination case against Trump administration

(NEW YORK) -- Former federal prosecutor Maurene Comey and the Trump administration have not talked about settling her civil lawsuit and do not believe alternatives to a trial "would be useful at this time," the parties told the judge in a letter on Monday.Comey ...
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Megan Thee Stallion wins civil defamation trial against blogger

(NEW YORK) -- A social media commentator and blogger was found liable on Monday in a defamation lawsuit filed by hip-hop star Megan Thee Stallion in October 2024.Milagro Cooper was found liable for defamation, intentional infliction of emotional distress and promotion of an altered ...
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US FDA to curtail use of primate testing in drug trials, FT reports

Dec 2 (Reuters) - The U.S. Food and Drug Administration said it would stop requiring pharmaceutical companies to use lab monkeys for some safety studies, the Financial Times reported on Tuesday, Toxicity testing on primates that can last up to six months can now be ...
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