By Pete Schroeder WASHINGTON (Reuters) -U.S. bank regulators ordered Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase on Friday to bolster plans for how they could be safely resolved in ba[...]
Read more
June 21, 2024
Exclusive-Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp
By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service an[...]
Read more
Apple to delay launch of AI-powered features in Europe, blames EU tech rules
By Foo Yun Chee BRUSSELS (Reuters) – Apple will delay launching three new artificial intelligence features because landmark European Union tech rules require it to ensure that rival products and[...]
Read more
Record high prices, rising mortgage rates depress US home sales
By Lucia Mutikani WASHINGTON (Reuters) – U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates sidelined potential buyers from[...]
Read more
Exclusive-Multiple AI companies bypassing web standard to scrape publisher sites, licensing firm says
By Katie Paul (Reuters) -Multiple artificial intelligence companies are circumventing a common web standard used by publishers to block the scraping of their content for use in generative AI systems,[...]
Read more
US credit spreads widen on political jitters, Treasuries rally
By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in[...]
Read more
AmEx to buy restaurant booking platform Tock for $400 million
By Niket Nishant (Reuters) -American Express is buying Squarespace-owned restaurant booking platform Tock for $400 million to expand its foothold in the dining industry, a category that accounted for[...]
Read more
Striking French workers block delivery trucks at ExxonMobil refinery
PARIS (Reuters) – Striking workers blocked delivery trucks carrying oil products, including petrol, from leaving the ExxonMobil Chemical France’s Port-Jerome-Gravenchon refinery in norther[...]
Read more
Spotify launches new basic streaming plan in US
(Reuters) – Spotify introduced a new streaming plan for users in the United States on Friday, after raising prices for its premium plans earlier this month. The new basic plan will start at $10.[...]
Read more