LONDON (Reuters) – The United Nations Security Council will hold its first formal discussion on artificial intelligence (AI) this week in New York, with Britain to call for an international dialogue about its impact on global peace and security. Governments around the world are considering how to mitigate the dangers of emerging AI technology, which…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – U.S. banks will probably hold off on striking deals until the end of next year at the earliest as they await clarity on new rules on capital requirements, according to deal advisers and industry experts. Potential buyers and sellers are also being deterred by the…
By Herbert Lash NEW YORK (Reuters) -U.S. stocks rose on Monday on expectations corporate earnings will exceed forecasts, but global shares and the dollar traded little changed after data showed the Chinese economy grew slower than anticipated. China overnight reported growth of 0.8% in the second quarter, above the 0.5% forecast, but the annual pace…
By Doyinsola Oladipo (Reuters) -Marriott International said on Monday it entered a 20-year licensing agreement that will allow its loyalty members to earn and redeem existing points for booking stays at MGM Resorts International’s properties. Marriott and MGM are teaming up to offer benefits to loyalty members as travel companies use unique programs to keep…
By Howard Schneider WASHINGTON (Reuters) – Since the Federal Reserve decided to keep interest rates on hold at its June 13-14 policy meeting, U.S. central bank officials have given every indication they are ready to approve another small rate increase when they gather again next week. But recent data suggesting inflation has begun to slow…
By Karen Brettell NEW YORK (Reuters) – The dollar dipped against a basket of currencies on Monday after last week suffering its largest weekly decline this year as Treasury yields tumbled, but held above more than one-year lows reached on Friday with no major catalysts to drive market direction. This week is likely to see…
By Davide Barbuscia NEW YORK (Reuters) -Goldman Sachs’ Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that a U.S recession will start in the next 12 months to 20% from an earlier 25% forecast. “The main reason for our cut is that the recent data have reinforced our confidence that…
By Chibuike Oguh NEW YORK (Reuters) -Shares of AT&T Inc fell nearly 7% to hit their lowest level in thirty years on Monday, after analysts downgraded the stock following a news report that the telecommunications giant left toxic lead cables buried across the U.S. A Wall Street Journal report on July 9 named AT&T and…
By Jody Godoy and Chris Prentice (Reuters) -A cryptocurrency developer’s landmark legal victory against the U.S. Securities and Exchange Commission (SEC) will galvanize Coinbase and other companies to resist the agency’s attempt to assert its jurisdiction over the industry, experts said. Thursday’s ruling that Ripple Labs Inc did not violate securities law by selling its…
By Paul Lienert LANSING, Michigan (Reuters) – General Motors is seeing strong demand for many of its U.S. vehicles, but can’t deliver them to dealers fast enough, one of the company’s top executives told Reuters on Monday. “GM very strongly continues to have discipline in terms of incentives, which means that demand is still very…
