By Nell Mackenzie LONDON (Reuters) -Hedge funds are fleeing the stocks of companies that provide discretionary items and services consumers…
PulteGroup beats quarterly results estimates as incentives lift housing demand
(Reuters) -PulteGroup’s first-quarter profit and revenue beat Wall Street estimates on Tuesday, as the company’s incentives helped improve housing demand.…
AI economic gains likely to outweigh emissions cost, says IMF
(Reuters) -Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing…
Fed’s Harker says US poverty levels may be understated
NEW YORK (Reuters) -Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday the true level of poverty in…
IMF cuts Saudi 2025 growth forecast, flags slower oil rebound as a drag on region
By Manya Saini DUBAI (Reuters) -The International Monetary Fund on Tuesday lowered its 2025 GDP growth forecast for Saudi Arabia,…
Google could use AI to extend search monopoly, DOJ says as trial begins
By Jody Godoy (Reuters) -Alphabet’s Google needs strong measures imposed on it to prevent it from using its artificial intelligence…
Dollar slides to three-year low as Trump attacks threaten Fed’s independence
By Hannah Lang and Rae Wee NEW YORK/SINGAPORE (Reuters) – The dollar tumbled on Monday to its lowest level in…
Walgreens to pay $300 million to settle US claims it filled illegal opioid prescriptions
(Reuters) – Walgreens has agreed to pay $300 million to settle U.S. prosecutors’ allegations that it illegally filled millions of…
Vatican suspends Acutis ceremony after pope’s death but Jubilee continues
VATICAN CITY (Reuters) -The canonisation of the first saint of the millennial generation, Carlo Acutis, has been suspended due to…
GameStop CEO must face Bed Bath & Beyond lawsuit
By Jonathan Stempel NEW YORK (Reuters) – Ryan Cohen, the billionaire chief executive of GameStop, must face a lawsuit by…