By Nate Raymond and Chris Prentice BOSTON (Reuters) -Massachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns about the technology’s potential unchecked use.Massachusetts Secretary of State Bill Galvin, the state’s top securities regulator, on Thursday announced that his office had…
BEIJING (Reuters) – China’s central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens. During a meeting on Thursday with at least eight private firms from sectors including property, aluminium and agribusiness, the People’s…
By Edward McAllister DAKAR (Reuters) -When Niger’s coup leader Abdourahmane Tiani announced the overthrow of President Mohamed Bazoum on television last week, he cited persistent insecurity as justification. But an analysis of data on attacks and casualties in the country, where an Islamist insurgency has raged, shows that security was actually improving thanks to tactics…
(Reuters) – Three Tesla owners in California on Wednesday sued the automaker in a proposed class action that accuses the company of falsely advertising the estimated driving ranges of its electric vehicles. The lawsuit in the U.S. District Court for the Northern District of California cites a Reuters article published last week which reported Tesla…
By Aatrayee Chatterjee and Mehr Bedi (Reuters) -Kellogg Co on Thursday forecast a smaller drop in annual profit than it had previously expected, as multiple price hikes for its breakfast snacks and cereals helped the Corn Flakes maker strengthen its margins. However, the packaged food giant fell short of second-quarter sales estimates, after it failed…
WASHINGTON (Reuters) – New orders for U.S.-made goods surged in June, boosted by strong demand for transportation equipment and other goods, showing some pockets of strength in manufacturing despite higher interest rates. Factory orders increased 2.3% after rising 0.4% in May, the Commerce Department said on Thursday. Economists polled by Reuters had forecast orders would…
By Arunima Kumar (Reuters) -HF Sinclair and PBF Energy on Thursday joined bigger refiners in reporting a fall in second-quarter profit as fuel prices slipped from last year’s peaks that were driven by supply shortages due to the Russia-Ukraine conflict. Refiners last year posted bumper profits, benefiting from strong pricing after Russia’s invasion of Ukraine…
By Soo-hyang Choi and Hyunsu Yim SEOUL (Reuters) -South Korea is sending dozens of military doctors and nurses to help out at the camp site of a global scout event on Thursday after hundreds of teenage participants fell ill from the heatwave gripping the country. At least 600 participants at the World Scout Jamboree, which…
By Savyata Mishra (Reuters) -Hasbro lowered its annual revenue forecast as it expects a hit from the ongoing strike by Hollywood writers and actors, and said it would divest its Canadian film and TV business to focus on selling toys and games. Shares in the company, which beat second-quarter revenue estimates, rose 4.3% in early…
WASHINGTON (Reuters) – The U.S. services sector slowed in July, but businesses faced higher prices for inputs as demand continued to hold up, suggesting a long and slow road to low inflation. The Institute for Supply Management (ISM) said on Thursday its non-manufacturing PMI fell to 52.7 last month from 53.9 in June. A reading…
