WASHINGTON (Reuters) – The Federal Reserve issued new guidance on Monday for larger U.S. banks detailing how they should develop “living wills” detailing how they can be safely disso[...]
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August 5, 2024
US auto safety agency says it is seeking information on fatal Tesla Cybertruck crash
(Reuters) – The National Highway Traffic Safety Administration said on Monday it was seeking more information about an accident involving Tesla’s Cybertruck from the electric vehicle maker[...]
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Five US states push Musk to fix AI chatbot over election misinformation
By Kanishka Singh and Chandni Shah WASHINGTON (Reuters) – Secretaries of state from five U.S. states urged billionaire Elon Musk on Monday to fix social media platform X’s AI chatbot, sayi[...]
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Nvidia’s AI chip demand to face limited impact from potential production delay, analysts say
(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as they do not expect the setback to have a big impact[...]
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TikTok says court should reject DOJ secret filings in divestiture suit
By David Shepardson WASHINGTON (Reuters) -TikTok and parent company ByteDance asked a U.S. appeals court on Monday to reject the Justice Department’s bid to file part of its legal case in secret[...]
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US swap spreads tighten in sign of stress
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Spreads on U.S. interest rate swaps over Treasuries tightened or turned more negative on Monday as long-term investors hedged their exposure in t[...]
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Investors’ comments on global stocks rout
(Reuters) -Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest[...]
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Oil falls as global equities selloff offsets rising Middle East tensions
By Erwin Seba HOUSTON (Reuters) -Oil fell in volatile trade on Monday as a selloff continued on global stock markets, but the slide was limited by fears Iran’s retaliation for the assassination[...]
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Magnificent Seven set to shed $800 billion in value
By Aditya Soni (Reuters) -Apple and other heavyweight companies sold off on Monday as U.S. recession fears and Berkshire Hathaway’s sale of half of its stake in the iPhone maker further deflated[...]
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