NEW YORK (Reuters) – Credit Suisse increased its year-end target on the S&P 500 to 4,700 from 4,050, citing a decline in the near-term U.S. recession risk and a stronger earnings outlook for[...]
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Business
Canada’s inflation falls to 27-month low but underlying pressures persist
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate dropped more than expected to a 27-month low of 2.8% in June led by lower energy prices, data showed on Tuesda[...]
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Meta opens AI model to commercial use, throwing nascent market into flux
By Katie Paul NEW YORK (Reuters) -Meta is releasing a commercial version of its open-source artificial intelligence model Llama, the company said on Tuesday, giving start-ups and other businesses a po[...]
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TikTok, Warner Music Group to partner in music licensing deal
(Reuters) – Warner Music Group, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its so[...]
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Pfizer, Flagship Pioneering to invest $100 million in drug discovery
(Reuters) -U.S. drugmaker Pfizer and venture firm Flagship Pioneering on Tuesday said they would invest $100 million together to develop up to 10 new potential drugs for areas including internal medic[...]
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Schwab’s profit drops less than expected on asset management strength
(Reuters) -U.S. brokerage firm Charles Schwab reported a smaller-than-expected drop in second-quarter profit on Tuesday as a jump in asset management fees helped soften the hit from a decline in inter[...]
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Healthy US consumers shrug off recession concerns, for now
By Nupur Anand NEW YORK (Reuters) – U.S. consumers are still keeping up with their loan payments despite rising costs and a worsening economic outlook, according to executives at the largest U.S[...]
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New York City pension chief urges pay clawbacks at Bank of America
By Ross Kerber (Reuters) – New York City’s top pension official has urged Bank of America’s board to claw back pay from executives after the bank agreed to pay $250 million to settle[...]
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OpenAI partners with American Journalism Project to support local news
(Reuters) – OpenAI is committing $5 million to the American Journalism Project (AJP) under a partnership that will look for ways to support local news through artificial intelligence, the Micros[...]
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