By Andrew Osborn MOSCOW (Reuters) -President Vladimir Putin has ordered Wagner fighters to sign an oath of allegiance to the Russian state after a deadly plane crash believed to have killed Yevgeny Prigozhin, the volatile chief of the mercenary group. Putin signed the decree bringing in the change with immediate effect on Friday after the…
By Maytaal Angel, Jessica DiNapoli and Richa Naidu LONDON/NEW YORK (Reuters) – (This Aug. 18 story has been corrected to clarify that Europe has seen chocolate price increases of 13%, not 20%, over past two years, while the United States, not North America, has seen price increases of 20% in paragraph 3; sourced data to…
By Ann Saphir and Howard Schneider JACKSON HOLE, WYOMING (Reuters) – Beating inflation will probably require one more U.S. interest-rate hike and then going on hold for “a while,” Cleveland Federal Reserve Bank Loretta Mester said on Saturday, adding that she may reassess her earlier view that rate cuts could start in late 2024. While…
In a recent chat with CNN, retired U.S. Army general and former CIA director, David Petraeus, expressed cautious optimism about Ukraine’s counteroffensive against Russia. While Kyiv’s initial success in taking out six of Putin’s missiles made waves in May, the road to victory has been more arduous than anticipated by many Western observers….
Microsoft’s foray into the world of Artificial Intelligence (AI) and cloud technology has industry experts buzzing, especially with the promising trajectory it seems to be on. Analyst’s Take Timothy Horan from Oppenheimer has firmly placed his bets on Microsoft (NASDAQ: MSFT). Not only has he given the tech giant an ‘Outperform’ rating, but…
As the federal oversight body winds down its multi-year assessment of Tesla’s touted Autopilot system, the road ahead for Elon Musk’s vision of self-driving technology remains clouded with uncertainty. Snapshot: The Key Player: The National Highway Traffic Safety Administration (NHTSA) has spent years examining the ins and outs of Tesla’s driver-assist mechanisms, especially the…
By Daniel Wiessner (Reuters) – A new lawsuit accusing SpaceX of illegally refusing to hire asylum recipients and refugees could be an important test of the U.S. government’s stance that national security concerns do not allow companies to discriminate against non-citizens. Elon Musk, CEO of the rocket and satellite company, said in response to the…
Apple, Inc (NASDAQ:AAPL) briefly dipped below Thursday’s low on Friday following remarks by Federal Reserve chair Jerome Powell at the Jackson Hole Symposium, suggesting the central bank hasn’t ruled out further interest rate adjustments. During this trading activity, Apple exhibited the potential for a doji candlestick formation, hinting at the possibility of a higher low….
Alibaba Unveils Advanced AI Model for Image Understanding and Conversations Alibaba Group Holding Limited has introduced a cutting-edge artificial intelligence model that goes beyond its previous products in understanding images and engaging in complex conversations. The company is stepping up its game with two new open-source models, Qwen-VL and Qwen-VL-Chat, which are poised to challenge…
Nvidia Corp.’s (NASDAQ:NVDA) impressive second-quarter earnings release was met with a cautious market response, influenced by the anticipation of Federal Reserve Chair Jerome Powell’s imminent speech at the Jackson Hole event. Despite an intraday surge of 6.5%, Nvidia’s shares settled with a modest 0.10% gain, closing at $471.63. Key Takeaways from Q2: Nvidia’s…