(Reuters) -Tesla is delaying the launch of robotaxi to October from August, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla were down more than 6%, ending 11 straight sessions of gains that had pushed the stock up 44%. Musk had announced the unveiling of robotaxi on Aug. 8, soon […]
Global stock index climbs while dollar falls after US inflation data
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – A global index of stocks hit record highs on Thursday, the dollar fell and Japan’s yen surged after a tame U.S. inflation reading boosted bets the Federal Reserve will be able to start cutting interest rates. U.S. Treasury yields dropped on Thursday after U.S. consumer […]
European shares rise on real estate boost, Kongsberg shines
By Shubham Batra and Shristi Achar A (Reuters) – European shares advanced on Wednesday amid broad-based gains and upbeat corporate updates while investors digested more comments from U.S. Federal Reserve Chair Jerome Powell’s second day of testimony. The pan-European STOXX 600 gained 0.9%, buoyed by a 2.1% rise in real estate shares. French stocks were […]
Elon Musk beats $500 million severance lawsuit by fired Twitter workers
By Jonathan Stempel (Reuters) – Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District Judge Trina Thompson in San Francisco ruled on Tuesday that […]
Biden, NATO set to announce Ukraine aid, stress membership pledge at summit
By Trevor Hunnicutt, Idrees Ali, Sabine Siebold and John Irish WASHINGTON (Reuters) -U.S. President Joe Biden and leaders of other NATO member states are set to announce new aid and stress a membership pledge for Ukraine at a summit in Washington after Biden promised to defend Kyiv against the Russian invasion. As Biden welcomed NATO […]
Microsoft ditches OpenAI board observer seat to stave off antitrust scrutiny
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft has given up its board observer seat at OpenAI in a move aimed at easing U.S. and UK antitrust regulators’ concerns about the extent of its control over the AI startup amid the soaring popularity of generative artificial intelligence. But the change was unlikely to resolve concerns by […]
White House: India has ability to urge Putin to end war in Ukraine
WASHINGTON (Reuters) – India’s relationship with Russia gives it an ability to urge President Vladimir Putin to end its war with Ukraine, White House spokesperson Karine Jean-Pierre said on Tuesday. Jean-Pierre made the remarks after Indian Prime Minister Narendra Modi told Putin that the death of innocent children was painful and terrifying, a day after […]
NATO agency orders Stinger anti-aircraft missiles for $700 million, Stoltenberg says
WASHINGTON (Reuters) – NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million dollars in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday. “Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost 700 million dollars,” he told a […]
Nasdaq and S&P 500 hit records, fueled by Nvidia
By Noel Randewich and Lisa Pauline Mattackal (Reuters) -The S&P 500 and Nasdaq hit record highs on Tuesday, propelled by gains in Nvidia and other megacaps after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more “good” economic data would strengthen the case for rate cuts. AI heavyweight Nvidia climbed 1.4%, offsetting declines in […]
Musk’s xAI, Oracle end talks on $10 billion server deal, The Information reports
(Reuters) -Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday. The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia’s AI chips from the cloud provider, the report said, […]