By Michael S. Derby (Reuters) -The Federal Reserve said Friday that Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, potentially shaking up what was already a fractious succession process for Fed leadership amid difficult relations with President Donald Trump. The Fed said in a statement…
August 1 (Reuters) -Ford is recalling 312,120 vehicles in the U.S. as loss of power brake assist while driving can extend stopping distance and increase the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Friday. The recall affects certain 2025 Lincoln Navigator, F-150, Expedition, Bronco, and Ranger vehicles. The agency…
By Emma Rumney LONDON (Reuters) -Diageo’s new interim CEO Nik Jhangiani has charmed investors with his cool confidence and clear communication, in contrast to his predecessor who struggled to win over the company’s shareholders during her short term. But whoever takes on the full-time leadership of the world’s top spirits maker will inherit challenges that…
(Reuters) -The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, after two days of fraught negotiations. House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that…
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By Marcelo Teixeira, Karl Plume and Renee Hickman NEW YORK (Reuters) -A possible move by Coca-Cola , and other beverage and food industries, to use cane sugar instead of corn syrup as a sweetener would be difficult and expensive to implement, while mostly negative for farmers in the United States. U.S. President Donald Trump said…
(Reuters) -OpenAI launched an artificial intelligence agent for its popular chatbot ChatGPT on Thursday that can complete complex tasks as the Microsoft-backed startup looks to get ahead of competitors in the AI race. AI agents — considered to be an evolution of an assistant — have been embraced across the tech world with large firms,…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -The final season of global phenomenon “Squid Game” helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year. Some investors had hoped for more from the dominant movie and TV streaming service, analysts said….
(Reuters) -Federal Reserve Chair Jerome Powell on Thursday responded to a Trump administration official’s demands for information about cost overruns for a renovation project at the central bank’s Washington headquarters campus, saying the project was large in scope and involved a number of safety upgrades and hazardous materials removals. “As explained on the Board’s public website,…
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