Since the first mainstream media coverage on the growth of Artificial Intelligence (AI), investors have paid close attention to this rapidly growing new industry. Investors are closely monitoring AI-related stocks, hoping to capitalize on this potent megatrend. The implementation and utilization of AI across diverse sectors, including healthcare, finance, manufacturing, and transportation, have unveiled new…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Friday her office has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program. James said Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more…
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 a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied. Spreads indicate the premium investors demand to…
By Kanishka Singh WASHINGTON (Reuters) -U.S. Vice President Kamala Harris’s election campaign said on Sunday it has raised $200 million and signed up 170,000 new volunteers in the week since she became the Democratic Party’s presidential candidate. President Joe Biden ended his reelection bid on Sunday last week and endorsed Harris for the Nov. 5…
By Johann M Cherian and Purvi Agarwal (Reuters) – Wall Street’s main indexes slipped on Friday as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve. The S&P 500 and the Dow hovered near their record highs and were on track…
MEXICO CITY (Reuters) -Ford shipped out its first batch of cars from the once-ignored Guaymas port near its plant in the northern Mexican state of Sonora on Tuesday, in a project that, if fully launched, could cut its logistics costs by 30%. The initial shipment of pick-ups and Broncos, headed for Chile, is part of…
By Timothy Gardner WASHINGTON (Reuters) – The United States could revive some of its recently retired nuclear power plants to help meet rising demand for zero-emissions electricity, or add reactors to existing sites, Energy Secretary Jennifer Granholm said in an interview. The administration of President Joe Biden believes nuclear power is critical to meeting greenhouse…
(Reuters) – American Airlines on Tuesday cut its second-quarter profit forecast, sending the shares of the carrier down about 4% in aftermarket trading. The company now expects second-quarter adjusted earnings per diluted share to be between $1.00 and $1.15, down from its previous expectations of between $1.15 and $1.45 per share. It now expects total…
By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…
(Reuters) – Online travel agency Expedia beat analysts’ expectations on Thursday for second-quarter profit, helped by sustained demand for international travel, sending its shares up 7% after the bell. “The travel environment was healthy in the second quarter and like the last few quarters, we saw strong ongoing demand internationally relative to the US,” CEO…
