Joby Aviation to get investment from Tesla shareholder Baillie Gifford
(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said…
Business
MetLife profit drops as economic worries hurt adjusted premiums
(Reuters) -MetLife Inc reported a drop in first-quarter profit on Wednesday, as growing economic uncertainty hurt the insurer’s adjusted premiums,…
Dollar holds losses after Fed hikes, signals pause
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after the Federal Reserve raised interest rates by…
Airbus piles pressure on engine maker Pratt as profits fall
By Tim Hepher PARIS (Reuters) – Airbus posted a smaller than expected fall in first quarter core earnings as a…
Green Thumb revenue rises as more US states allow marijuana use
By Mrinalika Roy (Reuters) – Green Thumb Industries Inc reported higher first-quarter sales on Wednesday, as customer traffic rose at…
‘Plagiarism machines’: Hollywood writers and studios battle over the future of AI
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Hollywood writers have for decades penned sci-fi scripts featuring machines taking…
Google wins US patent trial over data-retrieval technology
By Blake Brittain (Reuters) – Alphabet’s Google LLC won a jury trial on Tuesday in a long-running patent lawsuit in…
Fed’s Powell: don’t assume Fed can shield U.S. economy from debt limit default
By David Lawder WASHINGTON (Reuters) -The U.S. Federal Reserve is unlikely to be able to protect the U.S. economy from…
US regional bank stocks draw bearish options bets despite bounce
By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) – The cost of insuring against further losses in regional…
US rate futures price in Fed pause in June, July; see September cut
NEW YORK (Reuters) – U.S. interest rate futures on Wednesday have priced in a pause in Federal Reserve tightening at…