By Katie Paul and Sheila Dang NEW YORK (Reuters) – Social media giant Meta Platforms Inc joined the generative AI product race on Thursday, saying it would begin testing artificial intelligence-powered ad tools that can create content like image backgrounds and variations of written text. A select group of advertisers will be invited to experiment…
By Aditya Soni (Reuters) -Walt Disney Co shares ended down more than 8% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company could be sacrificing growth in its bid to stem losses. The decline erased about $16 billion from the company’s market value and marked the stock’s…
By Nidal al-Mughrabi and Dan Williams GAZA/JERUSALEM, Israel (Reuters) -Israel killed the head of Islamic Jihad’s rocket force and his deputy, pressing an operation that has cost 30 lives in Gaza including women and children, while Palestinian cross-border rocket salvoes inflicted a first fatality in Israel on Thursday. Amid mediation efforts by Egypt, neither side…
WASHINGTON (Reuters) – The United States is already seeing high number of border encounters in certain areas, U.S. Homeland Security Secretary Alejandro Mayorkas said on Thursday ahead of a COVID-19 immigration restriction called Title 42’s midnight expiration. “Our borders are not open,” Mayorkas told reporters at a White House briefing, warning of tougher consequences for…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged 23% on Thursday after the Los-Angeles-based lender said its deposits declined and that it had posted more collateral to the U.S. Federal Reserve to boost its liquidity. PacWest deposits fell 9.5% or $1.5 billion last week, with the majority of those outflows occurring…
NEW YORK (Reuters) – Emergency liquidity borrowing from the Federal Reserve was little changed in the latest week, the central bank reported on Thursday. The Fed said that borrowing via its discount window stood at $9.3 billion on Wednesday, from $5.3 billion on May 3, while its Bank Term Funding Program lending moved to $83.1…
NEW YORK (Reuters) – Robinhood Markets Inc said on Wednesday after markets closed that it would launch 24/5 trading for some stocks and exchange-traded funds (ETFs) next week, a move that taps into a growing trend of around-the-clock trading in equities. With the launch, Robinhood will be the first major U.S. retail broker to allow…
By David Shepardson WASHINGTON (Reuters) – The pilot of a small private plane who posted a video of himself intentionally crashing his airplane in California and then destroyed the wreckage has agreed to plead guilty to a felony charge, the U.S. Justice Department said on Thursday. Trevor Daniel Jacob, a 29-year-old “YouTuber pilot,” from Lompoc,…
