By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record $325.2 billion. Berkshire also reported a 6% decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene, and currency…
ZURICH (Reuters) – Novartis expects to increase its annual sales by least 5% per year in the coming years, CEO Vas Narasimhan said in an interview on Saturday, with the pharmaceuticals giant having nothing to fear from the end of patent protection on some drugs. “I am very confident that we will achieve average growth…
(Reuters) – Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday. Shares of Globalstar jumped over 30%, while Apple was down around 1.4% a day after it forecast tepid quarterly revenue growth. Under the funding agreement,…
By Ankika Biswas, Pranav Kashyap (Reuters) -Just days ahead of the Nov. 5 presidential election in the U.S., investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump. Harris’ lead over the Republican has dwindled…
By Luc Cohen (Reuters) – A U.S. judge on Friday denied Elon Musk’s bid to move a Pennsylvania lawsuit over his $1 million voter prizes to federal court, moving the case back to state court. It was not immediately clear if the decision would affect the billionaire’s plan to keep awarding money until the U.S….
By Lewis Krauskopf NEW YORK (Reuters) – A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve offers more insight on the path of interest rates at its monetary policy meeting. The Nov. 5 vote culminates an election cycle that has captivated…
By Supantha Mukherjee STOCKHOLM (Reuters) – Meta Platforms Inc said on Friday it had removed a network of group accounts targeting Russian-speakers in Moldova, ahead of the country’s Oct. 20 election, for violation of the company’s policy on fake accounts. Moldova, with a population of about 2.5 million people, is located between Romania and Ukraine,…
(Reuters) – Meta Platforms said on Wednesday its artificial intelligence chatbot, Meta AI, will be available in 21 new markets, as it looks to compete with OpenAI’s ChatGPT. Technology companies have been trying to attract consumers to their AI chatbots by introducing new features and making them more accessible with support for different languages. Meta…
By Zaheer Kachwala and Akash Sriram (Reuters) – The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in artificial intelligence, even though a final outcome may be years away, analysts said. The DOJ said on Tuesday it may ask a judge…
(Reuters) – OpenAI has seen a number of attempts where its AI models have been used to generate fake content, including long-form articles and social media comments, aimed at influencing elections, the ChatGPT maker said in a report on Wednesday. Cybercriminals are increasingly using AI tools, including ChatGPT, to aid in their malicious activities such…
