Marketmind: Happy Friday, it’s AI boom time
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks could…
Business
Costco earnings miss estimates as shoppers curb discretionary spending
By Granth Vanaik (Reuters) – Costco Wholesale Corp missed estimates for quarterly earnings on Thursday as shoppers pulled back on…
OpenAI offers $100,000 grants for ideas on AI governance
By Greg Bensinger (Reuters) -OpenAI, the startup behind the popular ChatGPT artificial intelligence chatbot, said Thursday it will award 10…
Nvidia fuels Wall Street gains; gold falls to two-month low
By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent…
House panel chair seeks info on proposed U.S. order for China investment
By Karen Freifeld WASHINGTON (Reuters) – A top U.S. lawmaker on Thursday asked for more detail on the Biden administration’s…
Fed lending to banks lowest in latest week since crisis began in March
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve emergency lending to banks fell in the latest week to…
Nvidia set to be retail favorite after Tesla’s six-month streak
(Reuters) -Nvidia Corp on Thursday was set to break Tesla Inc’s streak of being the most traded stock by retail…
Microsoft chief says deep fakes are biggest AI concern
By Diane Bartz WASHINGTON (Reuters) -Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep…
Brazil’s PagSeguro posts $74 million quarterly profit, beats forecast
SAO PAULO (Reuters) – Brazilian financial technology firm PagSeguro Digital on Thursday posted a better-than-expected 6% increase in its first-quarter…
U.S. Treasury debt announcement signals to some June 1 is not ‘X-date’
(Reuters) -The U.S. Treasury on Thursday announced a slate of T-bill auctions for early next week that some market participants…