Reuters USA

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy’s resilience despite tighter monetary policy. Other data on Thursday showed monthly producer prices increasing by the most in seven months in January as the cost of energy products surged. Even …

U.S. labor market remains tight; monthly producer prices accelerate Read More »

AMSTERDAM (Reuters) – The U.S. government on Thursday issued a declaration on the responsible use of artficial intelligence (AI) in the military, which would include “human accountability.” “We invite all states to join us in implementing international norms, as it pertains to military development and use of AI” and autononous weapons, said Bonnie Jenkins, Under …

US issues declaration on responsible use of AI in the military Read More »

NEW YORK (Reuters) – A BlackRock live webcast was interrupted several times on Thursday after questions on BlackRock’s climate change responsibilities interrupted a speech by President Robert Kapito. Kapito was talking about bonds at the Bank of America Securities Financial Services Conference in New York when someone at the event shouted questions about BlackRock’s responsibility …

BlackRock’s president faces climate questions at New York event Read More »

By Daniel Trotta (Reuters) – Republican legislators across the United States have escalated a campaign to ban certain healthcare for transgender youth, in some cases seeking to charge parents and doctors with child abuse if they provide treatment. This year’s legislative agenda, unprecedented in the number and scope of bills around transgender issues, also includes …

U.S. Republicans target transgender youth healthcare in legislative push Read More »

(Reuters) – Manufacturing activity in the Mid-Atlantic region dropped off sharply and unexpectedly in February, and goods producers reported input cost increases accelerated for the first time in 10 months while their own price increases slowed dramatically, signaling margin pressures were building. The Philadelphia Federal Reserve’s monthly manufacturing index plunged to -24.3 this month from …

Philadelphia Fed manufacturing gauge plunges unexpectedly Read More »

WASHINGTON (Reuters) – U.S. single-family homebuilding fell in January, but an easing in mortgage rates and improvement in homebuilder confidence suggested the recession-hit housing market was close to finding a floor. Single-family housing starts, which account for the bulk of homebuilding, dropped 4.3% to a seasonally adjusted annual rate of 841,000 units last month, the …

U.S. single-family housing starts, building permits tumble in January Read More »

By Ross Kerber (Reuters) – Compensation for S&P 500 chief executives has soared in recent years even as investors cast more of their advisory “Say on Pay” votes against management, leading to doubts about the ballots’ usefulness. But a new study to be released on Thursday by activist shareholder group As You Sow makes the …

Shareholder votes offer check on unjustified CEO pay at S&P 500 companies, study finds Read More »

By Niket Nishant and Akash Sriram (Reuters) – Companies that have been spending actively in pursuit of growth opportunities will be the chief targets of activist investors in the first half of the year, according to a report from data provider Insightia. In an economic reality where capital is hard to come by and recession …

Activist investors to push for margins, profitability in first half of 2023 Read More »

(Reuters) -Paramount Global Inc said on Thursday it would raise prices of its flagship streaming service in some markets after reporting a lower-than-expected quarterly revenue, as a broader slump in the advertising market hit the CBS network owner. Shares in the company fell 7% before the bell. The stock has gained about 45% since the …

Paramount to raise streaming prices as ad slump weighs on revenue Read More »

By Bhanvi Satija and Pratik Jain (Reuters) -Emergent BioSolutions Inc’s over-the-counter version of opioid overdose reversing drug received unanimous support from U.S. Food and Drug Administration’s panel of advisers, sending shares of the contract drugmaker up nearly 16% after market. The vote puts the naloxone-based treatment Narcan on track to potentially become the first opioid …

U.S. FDA panel backs OTC opioid overdose drug, proposes label changes Read More »