By Krystal Hu, Greg Bensinger and Jody Godoy (Reuters) – The U.S. Federal Trade Commission has asked Amazon.com to provide more details on its deal to hire top executives and researchers from artificial intelligence startup Adept, a person familiar with the matter told Reuters. The request reflects the FTC’s growing concern about how AI deals […]
(Reuters) – Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it explored strategic options, including a potential sale. The loss-making media conglomerate has been reeling from the effects of subdued advertising in the U.S. […]
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year “add somewhat to confidence” that the pace of price increases is returning to the Fed’s target in a sustainable fashion, remarks that suggest a turn to interest rate cuts may […]
By Stephen Culp NEW YORK (Reuters) -Wall Street closed higher on Monday, building on Friday’s rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment. The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate […]
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs’ profit more than doubled in the second quarter and beat analysts’ estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021. The resilience of the U.S. economy has given corporate executives the […]
By Ananya Mariam Rajesh and Arriana McLymore (Reuters) – Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm that studies e-commerce transaction data. Spending at Amazon on Tuesday and Wednesday could rise 10.5% from Prime Day 2023, Adobe said. […]
(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 […]
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 […]
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 […]
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, […]
