(Reuters) – PPG Industries Inc on Thursday surpassed street estimates, as the industrial coatings supplier accelerated its margin recovery on the back of higher prices and sales volumes, and forecast better-than-expected full-year 2023 earnings. The reopening of the Chinese economy after pandemic-induced lockdowns boosted demand for coatings used in aerospace and automotive original equipment manufacturers…
NEW YORK (Reuters) – Amazon has launched its Anti-Counterfeiting Exchange (ACX), an initiative to help retail stores label and track marketplace counterfeits as part of the e-commerce giant’s efforts to crack down on organized crime on its platform, the company announced on Thursday. Online marketplaces in the United States including Amazon face hurdles in keeping counterfeiters…
DUBLIN (Reuters) – Generative AI, such as OpenAI’s ChatGPT, needs to be regulated, but governing bodies must figure out how to do so properly before rushing into prohibitions that “really aren’t going to stand up”, Ireland’s data protection chief said on Thursday. “It needs to be regulated and it’s about figuring out how to regulate…
By Elizabeth Howcroft LONDON (Reuters) -Major U.S. crypto exchange Coinbase Global Inc has said it has secured a licence to operate in Bermuda, as part of a wider push to expand globally. Coinbase CEO Brian Armstrong said on Tuesday that crypto firms will develop in “offshore” havens unless the U.S. and UK create “clarity about…
By Jonathan Stempel NEW YORK (Reuters) – Paramount Global has filed a countersuit against Warner Bros Discovery Inc over the rights to stream “South Park,” the popular animated comedy featuring foul-mouthed children. In a Wednesday night filing in a New York state court in Manhattan, Paramount is seeking to collect more than $52 million of…
(Reuters) -Residential solar company Sunnova Energy International on Thursday said the U.S. government would provide a partial loan guarantee of up to $3 billion to back financing for its rooftop solar systems. Shares of the company soared 15% following the announcement to $18.19 in afternoon trading. By lowering the cost of solar financing for up…
By Jonathan Stempel NEW YORK (Reuters) – Paramount Global has filed a countersuit against Warner Bros Discovery Inc over the rights to stream “South Park,” the popular animated comedy featuring foul-mouthed children. In a Wednesday night filing in a New York state court in Manhattan, Paramount is seeking to collect more than $52 million of…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks was poised for its biggest daily percentage drop in two weeks on Thursday as a sharp decline in Tesla shares weighed while softening U.S. economic data and growing worries about the debt ceiling pushed Treasury yields lower. On Wall Street, U.S. stocks closed…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Thursday as weak data reinforced expectations the world’s largest economy is likely headed toward recession, further supporting the view that the Federal Reserve could pause in June after another expected rate hike next month. The greenback hit session lows against the yen and…
By Daniel Wiessner (Reuters) – Advocacy groups filed a lawsuit on Thursday seeking to strike down a new Tennessee law that bans doctors from providing gender-affirming medical treatment such as puberty blockers, hormone therapy and surgery to transgender minors. The American Civil Liberties Union and LGBTQ group Lambda Legal in a lawsuit filed in Nashville,…
