By Katie Paul and Nivedita Balu (Reuters) -Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in …
Meta stuns Street with lower costs, big buyback, upbeat sales Read More »
(Reuters) – Microsoft Corp on Wednesday rolled out a premium Teams messaging offering powered by ChatGPT to simplify meetings using the AI chatbot that has taken Silicon Valley by a storm. The premium service will cost $7 per month in June before increasing to $10 in July, Microsoft said. OpenAI-owned ChatGPT will generate automatic meeting …
Microsoft rolls out ChatGPT-powered Teams Premium Read More »
By Sinéad Carew and Johann M Cherian (Reuters) – The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank. Wall Street’s major indexes had lost ground immediately …
Wall St rallies as Fed’s Powell nods to easing inflation after rate hike Read More »
By Brendan Pierson (Reuters) – A group of 20 Republican state attorneys general on Wednesday told Walgreens Boots Alliance Inc and CVS Health Corp that they risk running afoul of federal and state law if they dispense the abortion drug mifepristone by mail. The move, announced by Missouri Attorney General Andrew Bailey, comes weeks after …
Mailing abortion pills could break law, Republican AGs tell pharmacies Read More »
WASHINGTON (Reuters) – Ron Klain, President Joe Biden’s chief of staff, predicted on Wednesday that Biden would run for re-election in 2024, in remarks as Klain prepared to step down from his role as a top White House aide. Biden, 80, has frequently expressed his intention to run for a second four-year term, and advisers …
Biden’s departing top aide Klain forecasts president to run again in 2024 Read More »
By Ted Hesson WASHINGTON (Reuters) -A group of Republicans in the U.S. House of Representatives said on Wednesday they would seek to impeach President Joe Biden’s top border official, a sign of coming political battles over record numbers of illegal crossings under the Democratic president. Representative Andy Biggs, from the border state of Arizona, said …
U.S. House Republicans pursue impeachment of Biden border official Read More »
By Brad Brooks (Reuters) – An African American studies course for U.S. high school students that was released on Wednesday does not include material that Florida’s conservative governor said pushed a liberal agenda, the latest development in a fierce debate about politics, education and censorship. The College Board, a non-profit that administers Advanced Placement courses …
U.S. African American studies does not include material targeted by Florida governor Read More »
WINNIPEG, Manitoba (Reuters) – The United States on Tuesday said it was seeking a second trade dispute settlement panel over Canada’s dairy import quotas, accusing Canada of not meeting obligations to open its market to American producers. The move is the latest salvo in longstanding tensions between the trade partners over Canada’s protected dairy industry. …
Explainer-Spilt milk? Why are the U.S. and Canada fighting over dairy? Read More »
(Reuters) – Republicans who control the U.S. House of Representatives say any increase in the United States’ $31.4 trillion debt ceiling should be paired with spending cuts, but so far are not unified on any specific demands. Here are a few proposals Republicans had floated. LIMITED DISCRETION The Republican Study Committee, a group of 165 …
Factbox-U.S. House Republicans’ many proposals for spending cuts in debt-ceiling debate Read More »
By Jeff Mason and Sarah N. Lynch WASHINGTON (Reuters) -The U.S. Justice Department did not find documents with classified markings during a three-and-a-half hour search of President Joe Biden’s beach house in Rehoboth, Delaware, on Wednesday but did take some materials for further review, Biden’s attorney said. The morning search by FBI agents appeared to …
Biden attorney: no classified documents found in search of Delaware beach house Read More »
