By Nicole Jao NEW YORK (Reuters) -Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply agreements for the second quarter while also weighing fresh U.S., European and Chinese economic data. Brent futures for May settled $1.64 higher, or 2%, at $83.55 a barrel. The April Brent…
(Reuters) – U.S. President Joe Biden has signed into law a short-term stopgap spending bill to avert a partial government shutdown, the White House said on Friday. The bill was approved by the Democratic-majority U.S. Senate on Thursday after the Republican-controlled House of Representatives backed it with less than 36 hours before funding would have…
By Patricia Zengerle WASHINGTON (Reuters) -The U.S. Senate on Thursday soundly defeated an effort to stop the $23 billion sale of F-16 fighter jets and modernization kits to Turkey, which President Joe Biden’s administration approved after Turkey approved Sweden’s joining the NATO alliance. The Senate voted 79 to 13 against a resolution of disapproval of…
By Ann Saphir and Lindsay Dunsmuir (Reuters) -U.S. central bankers are looking through recent data showing price pressures rebounded last month, and are focusing instead on overall progress on inflation that they say will likely set the table for interest-rate cuts later this year. “I expect things are going to be bumpy,” Atlanta Federal Reserve…
By Harshita Mary Varghese and Krystal Hu (Reuters) -Robotics startup Figure said on Thursday it raised $675 million in a funding round from investors including Nvidia, Microsoft and Amazon.com founder Jeff Bezos at a valuation of $2.6 billion. Sunnyvale, California-based Figure also said it signed a collaboration with OpenAI to develop generative artificial intelligence for…
(Reuters) -C3.ai shares jumped 24% to a six-month high on Thursday after the AI software firm delivered third-quarter results ahead of Wall Street expectations and narrowed its full-year revenue forecast on strong enterprise demand. The company’s shares have gained 227% since the end of 2022, valuing it at $4.46 billion, as it draws strong interest…
By Stephen Nellis (Reuters) -Apple plans to disclose more about its plans to put generative artificial intelligence to use later this year, Chief Executive Officer Tim Cook said during the company’s annual shareholder meeting on Wednesday. Cook said that the iPhone maker sees “incredible breakthrough potential for generative AI, which is why we’re currently investing…
(Reuters) -Coinbase Global said on Wednesday that all services on its website have been restored after an issue earlier in the day caused some users to see zero balance across their accounts. “Very few customers may still see an inaccurate balance on their account. Our team is working on resolving this display issue for these…
By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -Donald Trump on Wednesday lost a bid to pause a $454.2 million civil fraud judgment against him for overstating his net worth and real estate values to dupe lenders, meaning he must soon find the cash or post a bond to prevent New York authorities from…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google was hit with a 2.1-billion-euro ($2.3 billion) lawsuit by 32 media groups including Axel Springer and Schibsted on Wednesday, alleging that they had suffered losses due to the company’s practices in digital advertising. Shares of the Mountain View, California-based company fell more than 2%. The move by…
