(Reuters) – Social media giant Meta Platforms said on Wednesday that it has started rolling out generative artificial intelligence (AI) tools that can create content like image backgrounds and variations of written text for all advertisers. The company started testing these tools in May, giving access to a select group of advertisers in a “testing…
By Moira Warburton, Richard Cowan and David Morgan WASHINGTON (Reuters) -A handful of Republicans in the U.S. House of Representatives on Tuesday ousted Republican Speaker Kevin McCarthy, as party infighting plunged Congress into further chaos just days after it narrowly averted a government shutdown. The 216-to-210 vote marked the first time in history that the…
By Stephen Nellis and Samrhitha A (Reuters) -Chipmaker Intel on Tuesday said it plans to operate its programmable chip unit as a standalone business starting in January, with plans to hold a public offering for stock in the business over the next two to three years. Intel shares were up more than 2% after the…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday the United States has become overly dependent on China for critical supply chains, particularly in clean energy products and needs to broaden out sources of supply. Yellen, speaking at a Fortune CEO event in Washington, repeated her longstanding view that the United States does…
By Shariq Khan, David French and Ron Bousso (Reuters) – BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter. The potential divestment would help BP meet…
(Reuters) -PNC Financial Services’ banking unit said on Tuesday that it had bought a portfolio of capital commitments from Signature Bridge Bank worth $16.6 billion in an agreement with the Federal Deposit Insurance Corp as receiver. The portfolio comprises fund subscription credit lines extended to private-equity firms to help manage liquidity and bridge financing for…
By Dave Sherwood LA FEDERAL, Cuba (Reuters) – Cuban seamstress Yamidely Cervantes has bought a new sewing machine for the first time in years, plus a refrigerator and a cellphone – all on Russia’s dime. She said her 49-year-old husband Enrique Gonzalez, a struggling bricklayer, left their home in the small town of La Federal…
By Ann Saphir (Reuters) -U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the Fed’s 2% target, but their unity around that phrase masks an ongoing debate over another possible rate hike this year. “I remain willing to support raising the federal…
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar strengthened and traders took profits, concerned about rising crude supplies and pressure on demand from high interest rates. On its first day as the front-month, Brent futures for December…
WASHINGTON (Reuters) -Republican U.S. House of Representatives Speaker Kevin McCarthy faces an attempt by members of his own party to oust him because he passed a stopgap funding measure with Democratic support to avoid a government shutdown. Representative Matt Gaetz, a hardline Republican lawmaker, said he would file what’s called the “motion to vacate.” WHAT…
