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Year: 2023

Meta announces AI training and inference chip project
BusinessTechnologyUS

Meta announces AI training and inference chip project

By Katie Paul and Stephen Nellis NEW YORK (Reuters) -Meta Platforms on Thursday shared new details on its data center…

May 18, 2023May 18, 2023
Fed’s hawks make a pitch against a rate-hike pause
BusinessEconomyUS

Fed’s hawks make a pitch against a rate-hike pause

(Reuters) – U.S. inflation does not look like it is cooling fast enough to allow the Federal Reserve to hit…

May 18, 2023May 18, 2023
As household budgets tighten, big brands double down in dollar stores
BusinessEconomyUS

As household budgets tighten, big brands double down in dollar stores

By Jessica DiNapoli NEW YORK (Reuters) – Makers of brand-name household basics like Dunkin’ coffee and Schick razors are bulking…

May 17, 2023May 17, 2023
Wall St ends sharply higher, dollar hits seven-week high as debt limit talks advance
AsiaAustraliaBusinessEconomyEuropeUS

Wall St ends sharply higher, dollar hits seven-week high as debt limit talks advance

By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to a higher close on Wednesday, gathering momentum throughout the…

May 17, 2023May 17, 2023
AI threatens humanity’s future, 61% of Americans say – Reuters/Ipsos
BusinessScienceTechnologyTop NewsUS

AI threatens humanity’s future, 61% of Americans say – Reuters/Ipsos

By Anna Tong (Reuters) – The swift growth of artificial intelligence technology could put the future of humanity at risk,…

May 17, 2023May 17, 2023
Wall Street closes lower after Home Depot outlook, US retail sales
BusinessEconomyTop NewsUS

Wall Street closes lower after Home Depot outlook, US retail sales

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday after a disappointing forecast from Home…

May 16, 2023May 16, 2023
OpenAI chief concerned about AI being used to compromise elections
BusinessTechnologyTop NewsUS

OpenAI chief concerned about AI being used to compromise elections

By Diane Bartz, Zeba Siddiqui and Jeffrey Dastin WASHINGTON (Reuters) -The CEO of OpenAI, the startup behind ChatGPT, told a…

May 16, 2023May 16, 2023
Capital One shares rebound after Warren Buffett makes near $1 billion bet on bank
BusinessEconomyUS

Capital One shares rebound after Warren Buffett makes near $1 billion bet on bank

By Chibuike Oguh, Niket Nishant and Chuck Mikolajczak (Reuters) -Shares of Capital One Financial Corp rose on Tuesday, rebounding from…

May 16, 2023May 16, 2023
Bridgewater dumps bank stocks amid turmoil in first quarter -filings
BusinessEconomyUS

Bridgewater dumps bank stocks amid turmoil in first quarter -filings

(This May 15 story has been corrected to say ‘million,’ not ‘billion,’ in paragraph 8) By Carolina Mandl SAO PAULO…

May 16, 2023May 16, 2023
Stellantis blocks battery plant construction as more support sought
Business

Stellantis blocks battery plant construction as more support sought

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Automaker Stellantis has stopped construction at a more-than C$5 billion ($3.7 billion)…

May 15, 2023May 15, 2023

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