By Herbert Lash and Kevin Buckland NEW YORK/TOKYO (Reuters) – Gold prices hit fresh all-time peaks on Monday with stocks on Wall Street closing mixed as optimism that the Federal Reserve was near to cutting interest rates faded due to a strong U.S. economy that rebuts the need for cuts anytime soon. Chinese shares led…
By Shariq Khan and Laura Sanicola (Reuters) – Gasoline prices for U.S. motorists could jump by as much as 15 cents a gallon, with global fuel supplies tighter after Ukraine’s recent attacks on Russian refineries, Patrick De Haan, petroleum analyst at GasBuddy.com said on Monday. WHY IT’S IMPORTANT Rising gasoline prices could hinder the U.S….
(Reuters) – OpenAI will start allowing users to access its free-to-use ChatGPT generative AI chatbot without needing to sign up for the service beginning Monday, the Microsoft-backed startup said on Monday. ChatGPT, which kickstarted the GenAI boom in late 2022, can mimic human conversation and perform tasks such as creating summaries of long text, writing…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Cloud communications company Twilio has appointed a partner at Sachem Head Capital Management to its board, it said on Monday, as it faces pressure from several activist investment firms to make significant changes. Twilio added Andy Stafman and expanded the size of the board by one person to…
By Nidal al-Mughrabi CAIRO (Reuters) -Israeli strikes killed 77 Palestinians in Gaza in the past 24 hours, health authorities said on Sunday, as Egypt hosted an Israeli delegation for a new round of talks in a bid to secure a truce with Gaza’s Hamas rulers. The Israeli military said it killed a senior Islamic Jihad…
By David Randall NEW YORK (Reuters) -After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and turn their focus on the health of upcoming earnings. The S&P 500…
SHENZHEN, China (Reuters) – Chinese rocket maker Space Epoch is working with Alibaba’s online shopping platform Taobao to make reusable rockets for express deliveries that could arrive globally in an hour, Space Epoch announced on Sunday. The project is in early trial stages and aims to develop a rocket that can carry up to ten…
By Humeyra Pamuk and Idrees Ali WASHINGTON (Reuters) -The U.S. in recent days authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel, two sources familiar with the effort said on Friday, even as Washington publicly expresses concerns about an anticipated Israeli military offensive in Rafah. The new arms packages…
By Pavel Polityuk KYIV (Reuters) -Massive Russian missile and drone attacks hit thermal and hydro power plants in central and western Ukraine overnight, officials said on Friday, in the latest barrage targeting the country’s already damaged power infrastructure. Kaniv hydropower plant was among the targets along with Dnister plant, which is located on the Dnister…
WASHINGTON (Reuters) -The Biden administration on Friday revised rules aimed at making it harder for China to access U.S. artificial intelligence (AI) chips and chipmaking tools, part of an effort to hobble Beijing’s chipmaking industry over national security concerns. The rules, released in October, seek to halt shipments to China of more advanced AI chips…
