By Juana Casas SANTIAGO (Reuters) – Between 2% and 5% of jobs in Latin America and the Caribbean are threatened by artificial intelligence (AI) and at risk of being fully automated, a report by[...]
Read more
July 31, 2024
Walt Disney to cut jobs in television unit, Bloomberg News reports
(Reuters) – Walt Disney plans to eliminate some jobs in its TV unit to cut costs in an eroding business, Bloomberg News reported on Wednesday, citing people familiar with the matter. The Mouse H[...]
Read more
Trump says he is against everyone having an electric car
CHICAGO (Reuters) – Republican presidential candidate Donald Trump said on Wednesday that he was against everyone having an electric car despite the endorsement of billionaire Elon Musk, the CEO[...]
Read more
Fed’s Powell: Recent price data bolstering confidence inflation moderating
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said recent inflation data is increasing the central bank’s confidence that inflation pressures are moving back to the 2% target. A[...]
Read more
US mulls new curbs on China’s access to AI memory chips, Bloomberg News says
(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semicond[...]
Read more
FOMC does not change rates, but sets stage for September cut
(Reuters) -The Federal Reserve held interest rates steady on Wednesday but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line[...]
Read more
Slowing wage gains restrain US labor costs in second quarter
By Lucia Mutikani WASHINGTON (Reuters) – U.S. labor costs increased moderately in the second quarter as private sector wages grew at the slowest pace in 3-1/2 years, more evidence that inflation[...]
Read more
Dollar slightly pares losses after Fed meeting statement
NEW YORK (Reuters) – The dollar slightly pared losses on Wednesday after the Federal Reserve held interest rates steady but opened the door to reducing borrowing costs as soon as its next meetin[...]
Read more
Traders see Sept start to Fed easing, with 25 bps rate cut
(Reuters) – Traders on Wednesday kept bets the Federal Reserve will start dialing back on restrictive policy in September, starting with a 25 basis-point interest-rate cut at that month’s[...]
Read more