(Reuters) – Billionaire hedge fund manager Bill Ackman endorsed Donald Trump in the U.S. presidential race on Saturday. “I just endorsed him,” Ackman posted on social media platform X after former President Trump was shot in the right ear during a campaign rally earlier Saturday. “But you know me. I write long posts on important […]
Exclusive-OpenAI working on new reasoning technology under code name ‘Strawberry’
By Anna Tong and Katie Paul ChatGPT maker OpenAI is working on a novel approach to its artificial intelligence models in a project code-named “Strawberry,” according to a person familiar with the matter and internal documentation reviewed by Reuters. The project, details of which have not been previously reported, comes as the Microsoft-backed startup races […]
Analysis-Attack on Trump could spark further U.S. political violence
By James Oliphant and Gram Slattery WASHINGTON (Reuters) – In a country already on edge, the assassination attempt on former President Donald Trump has enraged his supporters, paused the Democratic campaign and raised fears of further political violence in the run-up to November’s election. Trump’s Republican allies painted him as a hero on Saturday, seizing […]
Elon Musk endorses Trump in presidential race, calls him “tough”
By Hyunjoo Jin and Alexandra Ulmer (Reuters) -Elon Musk, the billionaire CEO of Tesla, publicly endorsed Donald Trump for the first time in the U.S. presidential race, calling the Republican former president “tough.” Musk tweeted the endorsement with a video of Trump pumping his fist after multiple shots rang out at Trump’s rally in Pennsylvania, […]
Meta to roll back some restrictions on Trump’s Facebook, Instagram accounts
WASHINGTON (Reuters) -Meta said on Friday it was rolling back some restrictions that had applied to former U.S. President Donald Trump’s Facebook and Instagram accounts. The social media company indefinitely suspended Trump’s accounts following his praise of people who stormed the U.S. Capitol on Jan. 6, 2021. The company then reinstated his accounts in early […]
Wall Street closes higher on bets for Fed rate cut
By Noel Randewich and Medha Singh (Reuters) -Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results. Some of the market’s most valuable companies bounced […]
Musk’s Neuralink says tiny wires of brain chip in first patient now stable
By Leroy Leo and Sriparna Roy (Reuters) -The tiny wires of Neuralink’s brain chip implant used in the first participant in a trial run by Elon Musk’s company have become “more or less very stable”, a company executive said on Wednesday. The company had in May said that a number of tiny wires inside the […]
Take Five: Cancel Summer?
LONDON (Reuters) – Pressure on Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain’s king unveiling the legislative programme of the new Labour Government. Don’t race off for that summer break just yet. Here’s what to expect in […]
Intel on track for cumulative software sales of $1 billion by end 2027, exec says
By Fanny Potkin SINGAPORE (Reuters) – Intel’s push into software is going well and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters. Intel made north of $100 million in software revenue in 2021, the year Lavender was brought in from cloud […]
Citi profit beats on surge in investment banking, services strength
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division, sending the company’s shares up 3% before the bell. The third largest U.S. lender reported a profit of $1.52 per share in the […]