News
Important Only
UN may cut staff by 20%, internal memo says
Staff asked to detail cuts in two weeksController says nearly 7,000 jobs must be cut by 2026Cuts to come as US owes UN $1.5 billionBy John ShiffmanWASHINGTON, May 29 (Reuters) - The United Nations Secretariat is preparing to cut its $3.7 billion budget by 20% and slash about 6,900 jobs, according to...Reuters
Thu, May 29
OpenAI argues to keep countersuit against Musk in trial over for-profit shift
May 29 (Reuters) - OpenAI said it should be allowed to keep its countersuit against billionaire Elon Musk, saying the Tesla CEO's motion to dismiss the ChatGPT maker's claims has "no grounding in facts".In a court filing late on Wednesday, OpenAI said its countersuit - which accuses ...Reuters
Thu, May 29
Canadian PM Carney speaks with Saudi's bin Salman
WASHINGTON, May 29 (Reuters) - Canadian Prime Minister Mark Carney spoke with Saudi Arabian Crown Prince Mohammed bin Salman on Thursday, according to a statement from Carney's office."The leaders discussed energy security and deepening bilateral trade. They agreed on the imperative of a sus...Reuters
Thu, May 29
US eases Jamaica travel advisory to 'Level 2'
May 29 (Reuters) - The U.S. government on Thursday lowered its travel advisory for the Caribbean nation of Jamaica to "Level 2" from "Level 3," two months after Secretary of State Marco Rubio traveled to the island and pledged to re-evaluate the travel notice.The U.S. State Departmen...Reuters
Thu, May 29
Trump administration ousts top ICE officials amid migrant arrest push
By Ted Hesson WASHINGTON, May 29 (Reuters) - The Trump administration is removing two senior immigration enforcement officials as the White House is demanding a sharp increase in arrests of migrants in the U.S. illegally, three people familiar with the move said on Thursday.Top U.S. Immigration a...Reuters
Thu, May 29
Inside Debt - May 29
To access a PDF version of this newsletter, please click here You can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/Inside-Debt-Subscription-page For an index of our newsletters click ...Reuters
Thu, May 29
THE DAY AHEAD-North America, May 30
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page. If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-page For Morning News Call U.S. -- a...Reuters
Thu, May 29
US expects more trade deals in next week or two, White House aide says
WASHINGTON, May 29 (Reuters) - White House economic adviser Kevin Hassett said on Thursday that he expects some trade deals to be struck in the next week or two, and that he has been briefed on three such deals that were "about to happen".Hassett, speaking to reporters outside the White Hous...Reuters
Thu, May 29
Costco misses quarterly sales expectations amid reduced consumer spending
May 29 (Reuters) - Costco Wholesale COST.O missed Wall Street expectations for third-quarter revenue on Thursday, as consumers grappling with rising living costs pared back on large purchases, especially of non-essential goods such as home furnishings. The company's quarterly revenue rose 8% to ...Reuters
Thu, May 29
US asks judge to dismiss Boeing 737 MAX criminal fraud case
May 29 (Reuters) - The U.S. Justice Department on Thursday asked a judge to dismiss a criminal fraud charge against Boeing BA.N stemming from two fatal 737 MAX plane crashes that killed 346 people, saying it had reached agreement with the planemaker.Under the deal, the U.S. planemaker will avoid bei...Reuters
Thu, May 29
REFILE-Exclusive: Amwins to add Muller from Core Specialty to run property programs
By David BullMay 29 - (The Insurer) - Chris Muller is leaving Core Specialty to join Amwins in a role in which he is expected to run existing proprietary property programs at the wholesaler, as well as develop new products inside its underwriting divisions, according to sources with knowledge of the...Reuters
Thu, May 29
Gap's quarterly sales beat on strong demand for Old Navy, namesake brands
May 29 (Reuters) - Gap GAP.N kept its annual forecasts intact after beating Wall Street expectations for first-quarter sales on Thursday as more customers shopped for its Old Navy and namesake brands following a style refresh over the past few quarters.Under CEO Richard Dickson, the company has stab...Reuters
Thu, May 29
Zscaler names Kevin Rubin as CFO
May 29 (Reuters) - Zscaler ZS.O named Kevin Rubin as its chief financial officer and beat Wall Street estimates for third-quarter revenue on Thursday, as businesses spend more on cybersecurity networking solutions to combat sophisticated online threats.For the third quarter, ended April 30, Zscaler...Reuters
Thu, May 29
Chipmaker Marvell forecasts second-quarter revenue above estimates
May 29 (Reuters) - Marvell Technology MRVL.O forecast second-quarter revenue above Wall Street estimates on Thursday, driven by robust demand for custom chips powering artificial intelligence workloads in data centers.The company expects second-quarter revenue to be $2 billion, plus or minus 5% comp...Reuters
Thu, May 29
Second woman tells jury Sean 'Diddy' Combs raped her
Trial highlights Combs' alleged coercion and abuseLawyers for hip-hop artist claim Freak Offs were consensualHe pleads not guilty to racketeering and sex trafficking chargesBy Jack Queen and Luc Cohen NEW YORK, May 29 (Reuters) - Sean “Diddy” Combs was accused of rape by a second woman on...Reuters
Thu, May 29
At UN, US says Russia's Putin should take the deal to end Ukraine war
UNITED NATIONS, May 29 (Reuters) - The United States told the United Nations Security Council that the deal now on offer to end the war in Ukraine was "Russia's best possible outcome" and President Vladimir Putin should take the deal.Reuters
Thu, May 29
Seacoast Announces The Acquisition Of Villages Bancorporation, Inc.
May 29 (Reuters) - Seacoast Banking Corporation of Florida SBCF.O:SEACOAST ANNOUNCES THE ACQUISITION OF VILLAGES BANCORPORATION, INC.SEACOAST BANKING CORPORATION OF FLORIDA - DEAL EXPECTED TO BE 22% ACCRETIVE TO EPS IN 2026SEACOAST BANKING CORPORATION OF FLORIDA - MERGER CONSIDERATION VALUED AT ABOU...Reuters
Thu, May 29
