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Biden calls Supreme Court student loan ruling wrong, will deliver remarks

Biden calls Supreme Court student loan ruling wrong, will deliver remarks

Jun 30, 2023 | Business, Economy, Entertainment and Lifestyle, Politics, Top News, US

WASHINGTON (Reuters) – President Joe Biden on Friday called the U.S. Supreme Court ruling that blocked his plan to cancel $430 billion in student loan debt disappointing and wrong, and said he would work to find other ways to provide relief to American families....
Factbox-Governments race to regulate AI tools

Factbox-Governments race to regulate AI tools

Jun 30, 2023 | Business, Economy, Environment, Politics, Technology

(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international...
US weekly jobless claims post biggest drop in 20 months as economy shows stamina

US weekly jobless claims post biggest drop in 20 months as economy shows stamina

Jun 29, 2023 | Business, Economy, Top News, US

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week by the most in 20 months, the latest sign of the economy’s resilience that could push the Federal Reserve to resume raising interest...
Microsoft-backed AI startup Inflection raises $1.3 billion from Nvidia and others

Microsoft-backed AI startup Inflection raises $1.3 billion from Nvidia and others

Jun 29, 2023 | Business, Economy, Technology, US

By Niket Nishant and Krystal Hu (Reuters) -Inflection AI, a startup backed by several Silicon Valley heavyweights, said on Thursday it had raised $1.3 billion from investors including Microsoft and Nvidia, amid a boom in the artificial intelligence (AI) sector. The...
Apple stock hits record, on cusp of $3 trillion market value

Apple stock hits record, on cusp of $3 trillion market value

Jun 28, 2023 | Business, Economy, Technology, Top News, US

By Akash Sriram and Noel Randewich (Reuters) -Apple’s stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization. The iPhone maker’s stock rose 0.6% to end the day at $189.25, putting Apple’s market...
AMC, ‘meme’ investors to face off in court over stock conversion

AMC, ‘meme’ investors to face off in court over stock conversion

Jun 28, 2023 | Business, Economy, US

By Jody Godoy (Reuters) – A months-long battle between retail investors and AMC Entertainment Holdings over a stock conversion plan will come to a head on Thursday at an unusual two-day court hearing in Delaware that may be critical to the cinema chain’s...
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