By Ann Saphir and Howard Schneider NEW ORLEANS (Reuters) -Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a[...]
Read moreMay 10, 2024
OpenAI plans to announce Google search competitor on Monday, sources say
By Anna Tong (Reuters) -OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competition[...]
Read moreDollar up slightly after consumer sentiment data, CPI eyed
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar inched higher on Friday following a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve official[...]
Read moreUS consumer sentiment at six-month low; inflation expectations rise
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment sagged to a six-month low in May as households worried about the higher cost of living and unemployment, but economists cautioned[...]
Read moreAnalysis-Tesla’s EV charging team layoffs threaten to slow Biden’s program to electrify highways
By Abhirup Roy SAN FRANCISCO (Reuters) -Elon Musk’s decision to gut Tesla’s electric-vehicle charging team is scrambling plans for rolling out new fast-charging stations and may delay Pres[...]
Read moreMcDonald’s considering $5 meal deal launch to draw diners, source says
(Reuters) -McDonald’s U.S. franchises are considering launching a $5 meal deal, a source familiar with the matter said on Friday, as the fast-food chain looks to draw more inflation-hit customer[...]
Read moreUS CFTC proposes rule on derivatives betting on elections, calamities
By Laura Matthews NEW YORK (Reuters) -The U.S. Commodity Futures Trading Commission (CFTC) on Friday proposed a rule that would ban listed derivatives used to bet on U.S. elections and other major rea[...]
Read moreMusk’s X Corp loses lawsuit against Israeli data-scraping company
By Jonathan Stempel (Reuters) – A U.S. judge dismissed a lawsuit in which Elon Musk’s X Corp accused an Israeli data-scraping company of illegally copying and selling content, and selling[...]
Read moreAfter layoffs, Musk says Tesla to spend $500 million on charging network
(Reuters) -Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business.[...]
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