Ad Behind the Markets
By Joey Roulette WASHINGTON (Reuters) -Amazon.com said on Wednesday it plans to launch the first 27 satellites for its Project Kuiper internet network next week, pinning down a long-awaited start to the company’s plan to deploy a massive constellation that will rival Elon Musk’s Starlink system. In a statement, Amazon said it will launch the […]
By Howard Schneider WASHINGTON (Reuters) – New import taxes imposed or potentially in the offing from the Trump administration could raise the average effective tariff rate on goods coming into the U.S. from the current 2.2% to around 17%, while posing “widespread disruptions” focused on manufacturing industries in Midwestern and Southern states, a new analysis […]
By David Shepardson WASHINGTON (Reuters) – Boeing is in discussions with the U.S. Department of Justice to reach a revised plea agreement in a criminal fraud case stemming from the planemaker’s alleged misrepresentations to regulators about a key system on the 737 MAX, company CEO Kelly Ortberg said on Wednesday. Ortberg said at a Senate […]
(Reuters) -Meta Platforms CEO Mark Zuckerberg is lobbying U.S. President Donald Trump and White House officials to agree to a settlement that would prevent the company from facing an antitrust trial later this month, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Meta and its representatives have met with the […]
(Reuters) -China’s tech and e-commerce giant Alibaba Group is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The new release may arrive later in April, although the exact timing could still change, the […]
FRANKFURT (Reuters) – If a company can survive the upheaval caused by the adoption of artificial intelligence, AI will help it thrive in the longer run, a study presented at a European Central Bank conference has found. Its authors, who used data from the U.S. Census Bureau and surveys covering the period between 2017 and […]
(Reuters) -Telehealth firm Hims & Hers Health said on Tuesday it plans to sell Eli Lilly’s diabetes and weight-loss drugs on its platform. Shares of the company were up 8.5% in afternoon trading. The telehealth firm is following its peers Teladoc and LifeMD in offering Lilly’s Zepbound ahead of restrictions on selling copies known as […]
(Reuters) – Meta Platforms’ head of artificial intelligence research, Joelle Pineau, plans to leave the company, at a time when the tech giant is aggressively investing and competing in the AI space. Pineau, who has been with the company for eight years and has led Meta’s Fundamental AI Research group (FAIR) since 2023, will depart […]
By Ernest Scheyder and Jarrett Renshaw (Reuters) – The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations. If signed, the order would mark U.S. President Donald […]
By Anjana Anil and Anushree Mukherjee (Reuters) – Gold prices soared to record levels above $3,100 per ounce in a rally marking one of the most significant upswings in the precious metal’s history, with psychological levels swept aside by a cocktail of factors – including worry about fallout from impending U.S. tariffs. Spot gold hit […]
