Mar 20, 2023
U.S. states urge Hyundai, Kia to do more to tackle theft risk

By David Shepardson WASHINGTON (Reuters) -A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor and Kia Corp and said they need do more to address problems with millions of U.S. vehicles that are prone to theft.…

Mar 17, 2023
Biden takes aim at failed bank executives’ pay, asks Congress to act

By Jeff Mason and Pete Schroeder WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines for managers, clawing back executives' compensation and barring officials from…

Mar 16, 2023
US banking system sound but not all deposits guaranteed, Yellen says

By David Lawder and Doina Chiacu WASHINGTON (Reuters) -The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large…

Mar 15, 2023
U.S. Copyright Office says some AI-assisted works may be copyrighted

By Blake Brittain (Reuters) - The U.S. Copyright Office issued new guidance on Wednesday to clarify when artistic works created with the help of artificial intelligence are copyright eligible. Building on a decision it issued last month rejecting copyrights for…

Mar 15, 2023
How SVB Financial Group imploded in two days

(Reuters) -The swift downfall of SVB Financial Group, the biggest collapse of a bank since Washington Mutual in 2008, has sparked fears of contagion in the financial sector and affected every asset class from stocks to forex. Bank stocks globally…

Mar 14, 2023
Ohio sues Norfolk Southern over Feb. 3 train derailment

By David Shepardson (Reuters) -The state of Ohio sued Norfolk Southern Tuesday over the Feb. 3 derailment of a freight train that released over a million gallons of hazardous materials and pollutants into the environment around the town of East…

Mar 14, 2023
EBay slams ‘alarming’ Meta subpoena in FTC monopoly case

By Mike Scarcella (Reuters) - E-commerce platform eBay Inc on Monday asked a U.S. judge to block a bid by Meta Platforms Inc for testimony from an eBay corporate official as the social media giant seeks rivals' information to counter…

Mar 13, 2023
Major crypto coins stabilise after U.S. intervenes on SVB collapse

By Tom Wilson and Shubham Kalia LONDON (Reuters) -Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it…