By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that first quarter global growth slightly outpaced projections in its April forecasts, but data since then has sh[...]
Read more
July 13, 2023
Explainer-Hollywood actors’ strike: How will it hit TV shows and movies?
LOS ANGELES (Reuters) – Thousands of Hollywood film and television actors voted to strike on Thursday, joining writers who walked off the job 11 weeks ago. How will a walkout by the Screen Actor[...]
Read more
Exxon to buy Denbury for $4.9 billion in carbon storage bet
By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) -Exxon Mobil Corp on Thursday agreed to buy Denbury Inc for $4.9 billion to accelerate its energy transition business with an established carbon di[...]
Read more
Oil prices up, hit nearly 3-month high as US inflation eases
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose over 1% on Thursday to their highest in nearly three months after U.S. inflation data suggested interest rates in the world’s bigges[...]
Read more
Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy
By Jane Lanhee Lee and Eduardo Baptista (Reuters) – The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designe[...]
Read more
Strike at Canada’s Pacific ports ends with tentative, 4-year deal
By Chris Helgren VANCOUVER, British Columbia (Reuters) -Dock workers at ports along Canada’s Pacific coast and their employers accepted a tentative wage deal on Thursday, ending a 13-day strike[...]
Read more
Elon Musk launches AI firm xAI as he looks to take on OpenAI
(Reuters) -Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology[...]
Read more
AI startups bringing dollars but lean workforces to ailing San Francisco
By Anna Tong SAN FRANCISCO (Reuters) – In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San[...]
Read more
U.S. Treasury posts sharply higher $228 billion June deficit
By David Lawder WASHINGTON (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues continued to weaken and July benefit payments we[...]
Read more