News
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Intuit forecasts strong quarterly profit after tax season boost
Company plans to launch AI agents for QuickBooksU.S. tax season boosts demand for TurboTaxIntuit raises fiscal 2025 forecastsBy Jaspreet SinghMay 22 (Reuters) - Intuit INTU.O forecast fourth-quarter revenue and profit above Wall Street estimates on Thursday, signaling growing demand for its artifici...Reuters
Thu, May 22
Google faces DOJ probe over Character.AI deal, Bloomberg Law reports
May 22 (Reuters) - The U.S. Justice Department is probing whether Alphabet's GOOGL.O Google violated antitrust law in its agreement with Character.AI that allows the tech giant to use the AI startup's technology, Bloomberg Law reported on Thursday.Antitrust enforcers have recently told Googl...Reuters
Thu, May 22
Apple plans smart glasses launch in 2026, Bloomberg News reports
May 22 (Reuters) - Apple AAPL.O plans to release smart glasses at the end of next year, Bloomberg News reported on Thursday, in the iPhone maker's latest push to diversify its product lineup and boost demand for its artificial intelligence devices. Apple will start producing large quantities of ...Reuters
Thu, May 22
EXPLAINER-The new US-backed Gaza aid plan and why the UN does not like it
By Michelle Nichols UNITED NATIONS, May 22 (Reuters) - A U.S.-backed organization aims to start work in the Gaza Strip by the end of May, overseeing a new model of aid distribution in the Palestinian enclave, but the United Nations says the plan is not impartial or neutral, and it will not be inv...Reuters
Thu, May 22
EU-Mexico trade deal could be finalized before year-end, Italy's Tajani says
MEXICO CITY, May 22 (Reuters) - A long-stalled free trade agreement between the European Union and Mexico could be signed by the end of the year, Italian Foreign Minister Antonio Tajani said on Thursday."Yesterday I spoke with (European Commission President Ursula) von der Leyen and (European Tr...Reuters
Thu, May 22
EU-Mexico trade deal could be finalized before year-end, Italy's Tajani says
MEXICO CITY, May 22 (Reuters) - A long-stalled free trade agreement between the European Union and Mexico could be signed by the end of the year, Italian Foreign Minister Antonio Tajani said on Thursday.Tajani, speaking from Mexico, added that Italy wants to boost investments in the Latin American n...Reuters
Thu, May 22
Beastie Boys, UMG settle lawsuits against Chili's over 'Sabotage' ads
By Jonathan Stempel May 22 (Reuters) - Beastie Boys and Universal Music Group UMG.AS settled lawsuits accusing the parent of Chili's of using the legendary rap trio's 1994 song "Sabotage" without permission in social media ads to promote the restaurant chain.Settlement notices wer...Reuters
Thu, May 22
TREASURIES-Yields ease as buyers reappear after 30-year hits 19-month high
By Karen Brettell NEW YORK, May 22 (Reuters) - U.S. Treasury yields fell on Thursday after a recent selloff drew some buyers at more attractive levels, with 30-year yields earlier reaching the highest in 19 months as a worsening fiscal outlook for the United States raised concerns about deman...Reuters
Thu, May 22
US judge blocks Trump's plan to dismantle Education Department
Boston judge blocks implementation of Trump's executive orderJudge orders Education Department to reinstate hundreds of workersTrump administration swiftly appealed decisionBy Nate Raymond BOSTON, May 22 (Reuters) - A federal judge blocked U.S. President Donald Trump's administration from...Reuters
Thu, May 22
US State Department OKs potential sale of Javelin Missiles to Estonia, Pentagon says
WASHINGTON, May 22 (Reuters) - The U.S. Department of State has approved the potential sale of Javelin missiles to Estonia for an estimated cost of $296 million, the Pentagon said on Thursday.The principal contractor is the Javelin Joint Venture between RTX Corp and Lockheed Martin.Reuters
Thu, May 22
Foran Mining Says Non-Essential Personnel Demobilized From Mcilvenna Bay Project Due to Wildfire
May 22 (Reuters) - Foran Mining Corp FOM.TO:MCILVENNA BAY PROJECT WILDFIRE RESPONSE - TEMPORARY WITHDRAWAL OF NON-ESSENTIAL SITE PERSONNELNON-ESSENTIAL PERSONNEL DEMOBILIZED FROM MCILVENNA BAY PROJECTALL PERSONNEL SAFE, PLANNING RETURN TO FULL-SCALE CONSTRUCTIONReuters
Thu, May 22
GTCR investors set to reap over $5 billion as exits pile, source says
By Ateev Bhandari and Pritam Biswas May 22 (Reuters) - Private equity firm GTCR is set to return more than $5 billion to its investors in the calendar year, a source familiar with the matter told Reuters on Thursday, after a string of strong exits sealed a positive momentum for the firm.The devel...Reuters
Thu, May 22
EXCLUSIVE-Impactive Capital may run proxy fight at WEX, seeking 4 of 11 directors, source says
By Svea Herbst-BaylissNEW YORK, May 22 (Reuters) - Activist investor Impactive Capital is gearing up for a boardroom fight at financial technology company WEX Inc WEX.N, and may nominate at least four directors at next year's annual meeting, according to a person familiar with the matter and a d...Reuters
Thu, May 22
Fed's Perli encourages firms' use of Standing Repo Facility
Fed's Perli encourages more use of Standing Repo FacilityPerli says Standing Repo Facility supports Fed goalsPerli reiterates morning Standing Repo Operations comingBy Michael S. Derby NEW YORK, May 22 (Reuters) - A Federal Reserve Bank of New York official responsible for implementing moneta...Reuters
Thu, May 22
Not done yet: US Senate Republicans plan changes to House's Trump tax-cuts bill
Senate Republicans divided over Medicaid cuts and debt ceiling increaseHawley proposes expanding child tax credit amid bill negotiationsSenate to debate bill post-Memorial Day recess, facing pressure from TrumpBy Bo Erickson WASHINGTON, May 22 (Reuters) - U.S. Senate Republicans said on Thursday ...Reuters
Thu, May 22
EXCLUSIVE-FTC probes Media Matters over Musk's X boycott claims, document shows
Elon Musk has sued media watchdogs over advertising decreaseFTC demands communications between Media Matters, othersFTC chairman has called potential group boycotts unlawfulBy Jody Godoy and Mike Scarcella May 22 (Reuters) - The U.S. Federal Trade Commission has demanded documents from Media Matt...Reuters
Thu, May 22
Health Rounds: Researchers identify best drugs for severe COVID
By Nancy LapidMay 22 (Reuters) - Hello Health Rounds Readers! COVID-19 may be in the rear view mirror for most people, but it's still out there and researchers have found which class of drugs is best for treating hospitalized patients. We also report on a study that suggests delivery should be i...Reuters
Thu, May 22
Bridgewater's Dalio warns US debt could get out of control
By Carolina Mandl NEW YORK, May 22 (Reuters) - Bridgewater Associates' founder Ray Dalio said on Thursday investors should be concerned about the U.S. deficit as debt growth is getting more difficult to control, and he warned that demand for government bonds would likely lag the amount of new...Reuters
Thu, May 22
GSK's asthma drug wins FDA approval to treat 'smoker's lung'
By Siddhi Mahatole and Sriparna Roy May 22 (Reuters) - The U.S. Food and Drug Administration has approved British drugmaker GSK's GSK.L asthma drug to treat some patients with a chronic lung disease commonly known as "smoker's lung", the company said on Thursday.The approval expa...Reuters
Thu, May 22
