Reuters USA

By Erwin Seba HOUSTON (Reuters) – A slightly below-average 2023 Atlantic hurricane season lies ahead with an El Nino weather phenomenon damping the storm outlook, a top U.S. hurricane forecaster said on Thursday. El Nino, a weather system that forms from warm ocean surface temperatures in the central and eastern Pacific, increases vertical wind shear, …

Tame 2023 Atlantic hurricane season hangs on developing El Nino Read More »

By Simon Jessop LONDON (Reuters) -Britain’s biggest asset manager, Legal & General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of eight leading U.S. and Canadian banks. LGIM, insurer Legal & General’s fund arm, which manages around $1.5 trillion, said it was going public …

L&G’s fund arm to back climate votes at U.S., Canadian banks Read More »

(Reuters) – Brazil’s Finance Minister Fernando Haddad said on Thursday that the central bank has an opportunity to lower interest rates to help boost economic growth as fiscal and monetary policies are converging. “I want to believe that the central bank has a window of opportunity that I hope will be taken advantage of so …

Brazil’s Haddad says central bank has a window of opportunity to lower rates Read More »

By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank needs to keep raising rates given stubbornly high underlying inflation and its next move could be either a 25 or a 50 basis point increase, Governing Council member Bostjan Vasle said on Thursday. The ECB has raised rates by a record 350 basis points since …

ECB’s next rate hike could be 25 or 50 bps – Vasle Read More »

By Chris Taylor NEW YORK (Reuters) – Face it, we could all use a little help with our money. So who better to ask for personal finance advice than a couple of the most powerful chatbots on the planet? Both OpenAI’s ChatGPT and Google’s Bard are dominating headlines recently, for their generative capabilities and vast …

Can AI answer your money questions? We put chatbots to the test Read More »

WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. The producer price index for final demand dropped 0.5% last month, the Labor Department said on Thursday. Data for February was revised to show the PPI unchanged instead of …

U.S. producer prices unexpectedly fall in March Read More »

By Stella Qiu SYDNEY (Reuters) – Australia employment blew past expectations for a second month in March while the jobless rate held near 50-year lows, an unambiguously strong report that suggests the central bank’s tightening campaign may not be over yet. Figures from the Australian Bureau of Statistics showed on Thursday net employment rose 53,000 …

Australia’s robust March employment suggests RBA may hike again Read More »

By Sabrina Valle HOUSTON (Reuters) – Chevron Corp CEO Michael Wirth was paid $23.6 million in 2022, a 4% increase from the prior year while the median annual compensation for the oil giant’s employees fell 12%, a securities filing showed on Wednesday. In addition to sky-high energy prices, cost-cutting measures including payroll reductions helped Chevron’s …

Chevron CEO pay rose 4% to $23.6 million in 2022, employee compensation fell Read More »

By Raphael Satter WASHINGTON (Reuters) – Instant messaging platform Discord said on Wednesday it was cooperating with U.S. law enforcement’s investigation into a leak of secret U.S. documents that has grabbed attention around the world. The statement comes as questions continue to swirl over who leaked the documents, whether they are genuine and whether the …

Discord says it is cooperating in probe of classified material breach Read More »