NY Fed data shows underlying inflation may be slower than thought
By Howard Schneider WASHINGTON (Reuters) – New data from the New York Federal Reserve shows underlying inflation may have slowed…
Big Money Bullish on Shopify
A huge investor has taken a bullish position on Shopify (NYSE:SHOP), and this development holds significance for retail traders. Among…
Samsung profit likely lowest in more than 14 years as chip glut persists
By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any…
ChatGPT’s explosive growth shows first decline in traffic since launch
By Krystal Hu (Reuters) -ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and…
U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label
By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the…
Binance market share takes regulatory hit, its US affiliate shrinks
By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have…
Duke Energy to sell distributed generation portfolio in $364 million deal
(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity…
Western businesses must find a way to work with China-Stellantis CEO
MILAN (Reuters) -The head of carmaker Stellantis said Beijing’s decision to restrict exports of two metals widely used in semiconductors…