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NEW YORK (Reuters) -A Federal Reserve Bank of New York official responsible for implementing monetary policy said on Thursday the central bank is encouraging usage of a key liquidity tool that thus far has been largely dormant. When it comes to the Standing Repo Facility, or SRF, "I encourage our counterparties to use the SRF when it makes economic sense - the facility is there to support the effective implementation of monetary policy and smooth market functioning," said Roberto Perli, who manages the central bank’s System Open Market Account, in the text of a speech prepared for delivery at a conference held by his bank. "It's in everyone’s best interest if the SRF works as intended," Perli said.

The home improvement retailer is struggling to reverse a major problem.

(Bloomberg) -- Senate Republicans are warning Russia that they’re prepared to pass punishing sanctions if President Vladimir Putin refuses to engage in ceasefire negotiations with Ukraine or breaches an eventual agreement. Most Read from BloombergCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?NY Private School Pleads for Donors to Stay Open After Declaring BankruptcyChicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNYC’s War on Trash Gets a Glam SquadNJ Transit M

The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while eliminating similar perks for solar, wind, and storage.

CSCO is benefiting from an expanding security and AI portfolio despite challenging macroeconomic conditions and stretched valuation.

While the bond market is typically seen as slower moving, it can pack a heavy punch when it’s alarmed. The House of Representatives approved a bill of tax breaks early Thursday that could add trillions of dollars to the federal government’s debt, and it’s heading to the Senate next. Worries about the U.S. debt have sent yields jumping in the bond market, which in turn has shaken the stock market.

A downgrade and a spike in Treasury yields pushed Reddit stock lower. One analyst believes Google's push into artificial intelligence (AI) search poses a threat. Reddit has delivered strong results since going public last March.

Domo's stock jumped more than 30% after a promising earnings report. A long (and growing) list of unfilled orders suggests strong revenue growth in the long run. Shares of Domo (NASDAQ: DOMO) absolutely soared on Thursday.

A third-party research institute that Anthropic partnered with to test one of its new flagship AI models, Claude Opus 4, recommended against deploying an early version of the model due to its tendency to "scheme" and deceive. According to a safety report Anthropic published Thursday, the institute, Apollo Research, conducted tests to see in which contexts Opus 4 might try to behave in certain undesirable ways. Apollo found that Opus 4 appeared to be much more proactive in its "subversion attempt

WASHINGTON (Reuters) -The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel's bid for U.S. Steel despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters. In a statement published a day after a powerful national security panel submitted a fresh recommendation on the deal to Trump, the union accused Nippon Steel of dumping steel on American markets for decades and argued its merger bid poses a threat to U.S. national security. "Now, as it continues to make flashy promises about proposed investments, it remains clear Nippon is simply seeking to undercut our domestic industry from the inside," the union said.