WASHINGTON (Reuters) – Republican presidential candidate Donald Trump on Thursday will propose making all interest on car loans fully tax-deductible, according to excerpts of a speech seen by Reuters ahead of remarks in Detroit. The proposal is the latest in a long string of potential tax cuts the former U.S. president has floated during the […]
US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
(Reuters) – The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data caused investors to scale back bets on further Federal Reserve interest-rate cuts. The 30-year fixed-rate mortgage was 20 basis points higher than a week […]
Meta’s AI chatbot to be available in new markets including Brazil, UK
(Reuters) – Meta Platforms said on Wednesday its artificial intelligence chatbot, Meta AI, will be available in 21 new markets, as it looks to compete with OpenAI’s ChatGPT. Technology companies have been trying to attract consumers to their AI chatbots by introducing new features and making them more accessible with support for different languages. Meta […]
CVS, UnitedHealth, Cigna ask FTC’s Khan to disqualify herself from insulin case
By Amina Niasse NEW YORK (Reuters) -CVS Health, UnitedHealth Group and Cigna have asked U.S. Federal Trade Commission chair Lina Khan and commissioners Rebecca Kelly Slaughter and Alvaro Bedoya to disqualify themselves from an FTC lawsuit that has accused the companies of unlawfully inflating insulin prices. The three companies own the country’s largest pharmacy benefit […]
OpenAI sees increasing use of its AI models for influencing elections
(Reuters) – OpenAI has seen a number of attempts where its AI models have been used to generate fake content, including long-form articles and social media comments, aimed at influencing elections, the ChatGPT maker said in a report on Wednesday. Cybercriminals are increasingly using AI tools, including ChatGPT, to aid in their malicious activities such […]
Hurricane Milton could cost insurers up to $100 billion, analysts say
By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) -Hurricane Milton could result in losses of up $100 billion for the global insurance industry, creating a surge in 2025 reinsurance prices that could boost some insurance companies’ shares, analysts said on Wednesday. The Category 5 hurricane is expected to make landfall on the Gulf Coast […]
Gold and coffee boost September hedge fund returns, says Societe Generale
By Nell Mackenzie LONDON (Reuters) – Gold and coffee helped to deliver trend-following hedge funds a positive result in September, a Societe Generale note showed on Tuesday, thanks to record commodities prices, rising equities and falling interest rates. Gold has surged almost 30% this year to a record high on Sept. 26. The precious metal […]
TikTok sued by 13 states and DC, accused of harming younger users
By Jody Godoy and David Shepardson NEW YORK/WASHINGTON (Reuters) – TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young people. The lawsuits filed separately in New York, California, the District of Columbia and 11 other […]
Boeing delivers 33 jets in September as strike weighs on output
(Reuters) – Boeing said on Tuesday it delivered 33 jets in September, down from 40 plane deliveries in August, as a strike mid-month by around 33,000 U.S. West Coast factory workers weighs on output. Boeing’s September deliveries were up by six jets from the same month in 2023, when the U.S. planemaker handed over fewer […]
US says it has disrupted Russian efforts to commit computer fraud
(Reuters) – The United States has seized 41 internet domains used by Russian intelligence agents and their proxies to commit computer fraud and abuse, the Justice Department said in a statement on Thursday. The department said it had acted concurrently with a Microsoft civil action to restrain 66 internet domains used by the same actors. […]