By Nivedita Balu, Chris Prentice and Karen Freifeld TORONTO/NEW YORK (Reuters) – TD Bank will pay $3 billion in U.S. penalties, plead guilty to criminal charges that it failed to do enough to prevent money laundering, and accept an asset cap limiting its growth, two sources familiar with the matter said on Thursday. The bank […]
FRANKFURT (Reuters) -Tesla on Thursday said it would give permanent jobs from Nov. 1 to 500 temporary workers at its German gigafactory near Berlin, in what the U.S. electric carmaker called an “optimistic assessment of the further development of e-car production”. Gruenheide, Tesla’s only European gigafactory, employs around 12,000 staff. Tesla said that at the […]
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 […]
(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 […]
(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 […]
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 […]
(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 […]
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 […]
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 […]
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 […]
