Chinese AI firms showcase resilience, innovations at AI event despite US sanctions
SHANGHAI (Reuters) – Chinese tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai…
Walmart beats key claim in US FTC lawsuit over money transfer fraud
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge threw out a central claim in a Federal Trade Commission…
US inflation easing, job market similar to pre-pandemic conditions -Fed report
By Howard Schneider (Reuters) – Inflation is easing and the job market has returned to the “tight but not overheated”…
Netflix co-founder and major donor calls for Biden to step aside, NYT reports
WASHINGTON (Reuters) – Reed Hastings, a major Democratic Party donor and a co-founder of streaming platform Netflix, has called for…
AI frenzy expected to have boosted Samsung Q2 profit 13-fold
By Joyce Lee SEOUL (Reuters) – Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a…
Oil prices slip after data points to cooling U.S. economy
By Katya Golubkova TOKYO (Reuters) – Oil prices fell in early trade on Thursday after U.S. employment and business activity…
Tesla cars for first time on Chinese government purchase list
SHANGHAI (Reuters) – Tesla’s best-selling Model Y was included in a list of electric and plug-in hybrid models that a…
AbbVie cuts 2024 profit forecast on R&D expenses
(Reuters) -AbbVie lowered its 2024 adjusted profit forecast on Wednesday, citing $937 million in milestones, and research and development expenses…
Robinhood considering offering crypto futures in US, Europe, Bloomberg reports
(Reuters) – Robinhood Markets is considering offering cryptocurrency futures in the U.S. and Europe in the coming months, Bloomberg News…
GM’s second-quarter US auto sales growth slows
(Reuters) – General Motors on Tuesday posted a slower rise in second-quarter U.S. sales, hurt by lower fleet sales to…