Microsoft singles out Google’s competitive edge in generative AI
(This March 14 story has been corrected to say 15 million euros and not 15 billion euros, in paragraph 11)…
Category: Business
Platinum Equity explores $2 billion-plus Club Car sale, sources say
By David Carnevali and Anirban Sen (Reuters) – Private equity firm Platinum Equity has hired advisers to explore a sale…
Amazon’s Zoox robotaxis to drive faster, farther, at night in Las Vegas
By Greg Bensinger (Reuters) – Amazon.com’s self-driving car unit, Zoox, is seeking to stay abreast of rival Waymo by expanding…
Biden to raise concern over Nippon Steel’s deal for U.S. Steel, source says
By Trevor Hunnicutt and David Brunnstrom WASHINGTON (Reuters) -U.S. President Joe Biden plans to express concern over Nippon Steel’s proposed…
Global corporate dividends hit record $1.66 trillion in 2023
By Lucy Raitano LONDON (Reuters) – Corporate dividends globally hit an all-time high of $1.66 trillion in 2023, with record…
US dollar drifts lower, market consolidates gains post-inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slipped on Wednesday, a day after rising on hotter-than-expected U.S. inflation data,…
Goldman Sachs to resume bets on US property, other investors warn of more pain
By Iain Withers CANNES, France (Reuters) – Goldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this…
S&P 500 posts record high close as Oracle jumps, traders keep rate-cut bets
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended sharply higher on Tuesday, with the S&P 500 registering a record…
Arm’s shares rise as Wall Street eyes IPO lock-up expiration
By Chibuike Oguh NEW YORK (Reuters) -Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 2.1%…
Boeing will add compliance checks, equipment audits at 737 factory, memo says
By David Shepardson (Reuters) – Boeing <BA.N> is adding weekly compliance checks for every 737 work area and additional audits…