Thomson Reuters scores early win in AI copyright battles in the US
LOS ANGELES (AP) — Thomson Reuters has won an early battle in court over the question of fair use in artificial intelligence-related copyright cases. The media and technology company filed a lawsuit against Ross Intelligence — a
U.S. posts $129 billion January deficit on calendar shifts, higher outlays
WASHINGTON (Reuters) – The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit in January 2024 due to calendar shifts in benefit payments as well as outlays
US fourth-quarter 2024 earnings growth set to be highest in three years
By Caroline Valetkevitch NEW YORK (Reuters) – S&P 500 earnings growth for the fourth quarter of 2024 is on track to be the highest since the end of 2021, according to LSEG, thanks to much stronger-than-expected results
California’s $1 billion LA wildfire bill highlights insurers’ struggle, analysts say
By Niket Nishant and Manya Saini (Reuters) – California’s levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed focus on the challenges the industry faces in a
Analysis-Hotter January inflation jolts markets, dimming rate cut hopes
By Davide Barbuscia and Saqib Iqbal Ahmed NEW YORK (Reuters) – Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and
US Education Department rescinds Biden guidance on student athlete compensation
(Reuters) – The U.S. Department of Education said on Wednesday it rescinded guidance issued by the administration of President Joe Biden that payments to college athletes through name, image and likeness deals should be shared equally between
House Republicans unveil blueprint to extend $4.5 trillion in tax cuts and lift the debt ceiling
WASHINGTON (AP) — House Republicans released a budget plan Wednesday that sets the stage for advancing many of President Donald Trump’s top domestic priorities, providing for up to $4.5 trillion in tax cuts and a $4 trillion
Federal appeals court upholds singer R. Kelly’s convictions and 30-year prison term
NEW YORK (AP) — R. Kelly’s racketeering and sex trafficking convictions, along with a 30-year prison sentence, were upheld Wednesday by a federal appeals court that concluded the singer exploited his fame for over a quarter century
North Carolina legislators fleshing out details on $500M in additional Hurricane Helene relief
RALEIGH, N.C. (AP) — North Carolina House members advanced Wednesday a Republican package to boost state recovery funding after Hurricane Helene as committees fleshed out details on how best to spend another $500 million to address the
Former longtime Illinois legislative leader Michael Madigan is convicted in corruption trial
CHICAGO (AP) — A Chicago Democrat who once set much of Illinois’ political agenda as the longest-serving legislative leader in U.S. history was convicted of conspiracy, bribery and wire fraud Wednesday in a mixed verdict in his
