U.S. stocks slip while yields rise, Fed in focus

By Sinéad Carew NEW YORK (Reuters) – Wall Street indexes were firmly in the red after a choppy start to Thursday’s session while bond yields rose as investors digested economic data that provided the Federal Reserve little reason to ease its aggressive interest rate hiking cycle. Oil futures tumbled more than 3% on demand concerns […]

U.S. Senate grills SEC’s Gensler over climate rule, crypto stance

By Pete Schroeder and Michelle Price WASHINGTON (Reuters) -U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler defended his agency’s position on cryptocurrencies and its push to include climate risks into public company disclosures before the U.S. Senate Banking Committee on Thursday. Gensler appeared before the panel for its regular oversight duties, but the hearing […]

Suriname threatens legal action over South Korean hit Netflix show

By Hyonhee Shin SEOUL (Reuters) – South Korean residents in Suriname have been told to take care of their safety by the embassy after the Latin American country said it would explore legal action against the producers of South Korea’s hit Netflix series “Narco-Saints” which fosters negative images of the country by portraying it as […]

Oil slumps over 3% on U.S. rail agreement, demand concerns

By Scott DiSavino NEW YORK (Reuters) -Oil futures fell over 3% to a one-week low on Thursday on a tentative agreement that would avert a U.S. rail strike, expectations for weaker global demand and continued U.S. dollar strength ahead of a potentially large interest rate increase. Brent futures fell $3.26, or 3.5%, to settle at […]

EU proposes rules targeting smart devices with cybersecurity risks

By Foo Yun Chee BRUSSELS (Reuters) – From laptops to fridges to mobile apps, smart devices connected to the internet will have to assess their cybersecurity risks and fix them under draft European Union rules announced on Thursday, amid concerns about a spate of cyber attacks. Companies face fines of as much as 15 million […]

Amtrak to resume normal operations Friday after labor deal

By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said it will resume normal operations Friday as it works to quickly restore canceled trains after a freight rail labor deal was announced, averting a rail shutdown. Amtrak had announced on Wednesday that it would temporarily cancel all of its long-distance trains starting on Thursday – […]

Explainer-Ethereum’s energy-saving Merge upgrade | One America News Network

By Elizabeth Howcroft and Hannah Lang (Reuters) – Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, on Thursday underwent a major software upgrade that slashes the amount of energy needed to create new coins and carry out transactions. Here’s what you need to know about the “Merge” as the shift is known. […]

Star Alliance wants half its airline members to use biometrics by 2025

By Allison Lampert MONTREAL (Reuters) – Star Alliance, the world’s largest airline alliance, wants roughly half its 26 members to use biometrics technology by 2025, as passenger demand grows for contactless travel and less airport congestion after COVID-19. By increasing the number of airport touchpoints where passengers can use biometrics technology, such as facial comparison […]

U.S. distances itself from Bill Richardson meetings in Russia where Americans jailed

By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) -The United States distanced itself on Wednesday from a visit by former U.S. ambassador to the United Nations Bill Richardson to Russia where WNBA star Brittney Griner and former U.S. Marine Paul Whelan remain jailed. Richardson, who has privately worked to secure the release of American detainees […]