By Stephen Nellis (Reuters) -Artificial intelligence chips from Advanced Micro Devices are about 80% as fast as those from Nvidia Corp, with a future path to matching their performance, according a Friday report by an AI software firm. Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI…
By Medha Singh (Reuters) – U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season. The rebound in travel spending after the pandemic has held up despite rising inflation and signs of a slowing economy,…
By Gabriel Stargardter RIO DE JANEIRO (Reuters) -Former Brazilian President Jair Bolsonaro’s hopes of reclaiming the presidency in 2026 may be over. But that doesn’t mean there won’t be a Bolsonaro running in three years’ time. Brazil’s federal electoral court (TSE) on Friday froze Bolsonaro’s political career, barring the far-right nationalist from public office until…
FRANKFURT (Reuters) – Deutsche Bank’s head of human resources, Michael Ilgner, has decided to leave the bank, Deutsche Bank announced on Friday. The move follows an investigation earlier this year into Ilgner’s purchase of the bank’s own bonds just days before the lender reported earnings, a move that appeared to flout the bank’s own rules…
By Guy Faulconbridge MOSCOW (Reuters) -Russia said on Friday it saw no reason to extend the Black Sea grain deal beyond July 17 because the West had acted in such an “outrageous” way over the agreement, but assured poor countries that Russian grain exports would continue. The United Nations and Turkey brokered the Black Sea…
WASHINGTON (Reuters) – President Joe Biden on Friday called the U.S. Supreme Court ruling that blocked his plan to cancel $430 billion in student loan debt disappointing and wrong, and said he would work to find other ways to provide relief to American families. Biden will deliver remarks on the decision at 3:30 pm (1930…
By Brendan Pierson (Reuters) – The Indiana Supreme Court on Friday upheld a law banning nearly all abortions in the state, lifting a lower court order that had blocked the law in response to a lawsuit by Planned Parenthood and other abortion providers. The court, in a 4-1 decision, found that the Indiana constitution does…
By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Friday turned away a dispute involving a transgender woman whose former jailers housed her with men and delayed her hormone treatment in a case that asked whether gender dysphoria is a disability under federal law. The justices rejected an appeal by a…
By David Lawder WASHINGTON (Reuters) -The U.S. Supreme Court’s decision to strike down President Joe Biden’s student debt relief would claw back more than $300 billion in costs associated with the program that were recognized last year, marking a major reduction in this year’s deficit – at least on paper. The court ruled 6-3 on…
By Michael S. Derby (Reuters) – The financial sector is taking the biggest bite out of U.S. economic activity since the nation was mired in the financial crisis over a decade and half ago, a new paper from the Federal Reserve, released on Friday, said. The finding came as part of researchers’ work to construct…
