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World’s central banks are wary of AI and struggling to quit the dollar, survey shows

By Libby George LONDON (Reuters) -Artificial Intelligence is not a core part of operations at most of the world's central banks and digital assets are off the table, according to a survey released on Wednesday by the Official Monetary and Financial Institutions Forum. The working group ...
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Frustrated by missing mail, one American took the Postal Service to court

HARTFORD, Conn. (AP) - As a general rule, it's difficult to sue the U.S. Postal Service for lost, delayed or mishandled mail. But a case before the U.S. Supreme Court involving a Texas landlord who alleges her mail was deliberately withheld for two years is ...
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Morning Bid: Giving thanks for bad economic news

By Anna Szymanski -By Anna Szymanski, Editor in Charge, Reuters Open Interest What matters in U.S. and global markets today Weaker-than-expected U.S. economic data has upped bets for a Federal Reserve interest rate cut next month, giving global equities a boost as we move into the ...
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Hedge funds bet against UK firms as budget looms, says Goldman Sachs

By Nell Mackenzie LONDON (Reuters) -Stock-picking hedge funds now have the biggest short positions since 2023 on UK-based stocks exposed to the domestic economy, according to a Goldman Sachs client note. The group bulked up on these positions ahead of Wednesday's presentation of the highly-anticipated budget, ...
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Deere forecasts weak annual profit on tariff hit

(Reuters) -Deere & Co forecast an annual profit below estimates on Wednesday, pressured by tariff impacts and weaker margins from its large tractors, sending the farm-equipment maker's shares down 4% in premarket trading. CEO John May said ongoing margin pressures from tariffs would continue to ...
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German travel agency Dertour records US slump as politics hits demand

FRANKFURT (Reuters) -Dertour, Germany's leading provider of tours in North America, has recorded a double-digit percentage slump in bookings to the United States since President Donald Trump took office and does not expect demand to recover, said the firm's Germany head. "Unfortunately, this trend is ...
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NYC comptroller push to drop BlackRock creates test for Mamdani

By Ross Kerber (Reuters) -New York City Comptroller Brad Lander is urging city pension fund officials to rebid $42.3 billion managed by BlackRock over climate concerns, the first major move by a Democrat to counter pressure on financial companies from Republican allies of the fossil-fuel ...
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Analysis-Trump’s case against Senator Mark Kelly faces steep hurdles under military law

By Tom Hals, Jack Queen and Nathan Layne NEW YORK (Reuters) -Threats by the Trump administration to recall Senator Mark Kelly to active Navy duty, and to prosecute him under military law for urging troops to disobey illegal orders, would face steep hurdles in a ...
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Explainer-What are shoppers looking for this Black Friday?

By Neil J Kanatt and Chandni Shah (Reuters) -Retailers in the U.S. are gearing up for Black Friday, the day after Thanksgiving, which kicks off the holiday shopping season that typically account for a third of U.S. retailers' annual profits. WHY IS IT CALLED 'BLACK' FRIDAY? In ...
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Gas prices ahead of Thanksgiving holding steady

(The Center Square) - The average price of gas has fallen in 2025, and it appears to be mostly holding steady around $3 heading into the Thanksgiving holiday - though fuel savings tracker GasBuddy reported that Tuesday saw the first sub-$2 per gallon prices ...
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Japan manufacturers’ union to target $77 monthly base pay hike next year

TOKYO (Reuters) -A Japanese labour union group representing major manufacturers said on Wednesday that it would seek an increase of at least 12,000 yen ($77) in monthly base pay for next year, the same target as this year. The Japan Council of Metalworkers' Unions (JCM) ...
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RWE and Apollo Global Management close transaction for German power grid

(Reuters) -German power utility RWE and U.S. investor Apollo Global Management said on Wednesday that they successfully closed their partnership transaction for a joint venture to fund power grid upgrades in Germany. The new JV will help fund the expansion of the electricity transmission grid, ...
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