By David Shepardson WASHINGTON (Reuters) -A group of 45 state attorneys general in the United States on Monday demanded Chinese-owned social media app TikTok produce subpoenaed materials sought in an ongoing nationwide consumer protection investigation. The states are seeking to review internal TikTok communications to determine whether the company engaged in deceptive conduct that harmed…
(Reuters) -Microsoft Corp on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products. Big tech companies from Alphabet Inc to Baidu Inc are speeding up the integration of generative AI – technology that has…
By Giuseppe Fonte ROME (Reuters) – Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high inflation, Economy Minister Giancarlo Giorgetti said on Monday, offering a less grim outlook for the right-wing government. However, he did warn that European Central Bank rate rises would pose “serious problems”…
WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in January, pulled down by a plunge in civilian aircraft bookings, but increases in machinery and a range of other products suggested that manufacturing could be regaining its footing. The report from the Commerce Department on Monday also showed shipments of manufactured goods rebounding after two-straight monthly…
By Niket Nishant (Reuters) – A U.S. consumer watchdog’s proposal to slash late fees on credit cards is facing a rough road ahead as lenders gear up for what could turn out to be a fierce battle with the agency, industry experts and analysts said. Last month, the Consumer Financial Protection Bureau said it was…
HOUSTON (Reuters) – The global natural gas market has been more fundamentally changed for the long term by Russia’s invasion of Ukraine than the oil market, Chief Executive Mike Wirth on Monday said on Monday. The conflict in Ukraine and ensuing Western sanctions upended global oil and gas markets and disrupted supplies from Russia. Europe…
By Naomi Rovnick LONDON (Reuters) -Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. Hopes for interest rate cuts by year-end have evaporated, given resilient data and sticky inflation, suggesting central banks will instead be inclined to keep borrowing costs around their highest…
(Reuters) – Canada’s benchmark stock index opened lower on Monday, weighed down by materials and energy stocks, as commodity prices weakened after top-consumer China set a modest growth target for the year. At 9:33 a.m. ET (1433 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 17.26 points, or 0.08%, at 20,564.32. (Reporting by…
(Reuters) – Norfolk Southern Corp on Monday said it plans to add about 200 detectors to its tracks that will help identify overheated bearings as the railroad operator came under fire after a derailment in Ohio spewed toxins into the air and water. The company said it was evaluating the distance between hot bearing detectors,…
(Reuters) – Lordstown Motors Corp on Monday posted a bigger loss for the fourth quarter, as the electric-vehicle maker struggled with production costs and missed its delivery target for the Endurance pickup truck in the period. In September, when its commercial production commenced, Lordstown had said it aimed to deliver 50 vehicles in 2022 and…
