(Reuters) -The New York Times has sent Perplexity a “cease and desist” notice demanding the company stop using its content for generative AI purposes, marking the latest clash between the news publisher and an AI firm. The letter from the news publisher said the way Perplexity was using its content, including to create summaries and…
(Reuters) -Boeing filed papers with the U.S. markets regulator on Tuesday for raising up to $25 billion through a stock and debt offering and entered into a $10 billion credit agreement amid a crippling strike and upcoming debt maturities. The planemaker is looking to shore up its finances that have been strained due to a…
WASHINGTON (Reuters) – The World Bank, under pressure to do more to help developing countries cope with climate change, voted on Tuesday to change its internal lending guidelines to free up $30 billion in additional lending capacity over the next decade, World Bank President Ajay Banga told Reuters. Banga said the bank’s International Bank for…
By Hyunsu Yim and Jack Kim SEOUL (Reuters) – North Korea is getting ready to blow up roads that cross the heavily militarised border with South Korea, Seoul said on Monday, amid an escalating war of words after the North accused its rival of sending drones over its capital Pyongyang. North Korean troops were working…
By Ben Blanchard and Faith Hung TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand. The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from the…
By Svea Herbst-Bayliss (Reuters) -Elliott Investment Management is taking its fight with Southwest Airlines to investors by calling for a special shareholder meeting where they can vote on new director candidates who would ultimately steer company strategy. In calling for the meeting, Elliott is taking a highly unusual step but one it has telegraphed for…
By Michael S. Derby (Reuters) – U.S. Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday more rate cuts likely lie ahead for the central bank as the 2% inflation target looms into sight. “As of right now, it appears likely that further modest reductions in our policy rate will be appropriate in…
Three Stocks Reporting Earnings This Week: What Investors Should Watch This week, three major companies are poised to release their third-quarter earnings: Netflix (NFLX), Bank of America (BAC), and Johnson & Johnson (JNJ). Each company, representing different sectors—technology, finance, and healthcare—is under market scrutiny for how they’ve weathered recent macroeconomic turbulence. In this editorial, we’ll…
By Luc Cohen (Reuters) – Republicans are suing in three crucial battleground states to try to stop what they call illegal overseas voting, even as their presidential candidate Donald Trump courts Americans living abroad in his race against Democratic Vice President Kamala Harris. The cases come as Republicans have launched an aggressive legal campaign nationwide…
By Esther Chan, Hardik Vyas, Lydia Morrish -The aftermath of Hurricane Milton has left a trail of misinformation surrounding relief efforts in hard-hit Florida, including conspiracy theories about officials controlling the weather. The storm’s devastation was not as severe as initially feared in Florida, one of the many states that were battered by Hurricane Helene…
