(Reuters) – Alphabet (NASDAQ:GOOGL)’s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand, two sources briefed on the matter told Reuters. The investment, which could be structured as convertible notes, according […]
WASHINGTON (Reuters) -Google CEO Sundar Pichai on Monday acknowledged the importance of making its search engine the default in keeping users loyal — a key point in a once-in-a generation U.S. antitrust fight focused on billions of dollars Google (NASDAQ:GOOGL) paid to be the default on laptops and smartphones. Google, which started paying for default […]
(Reuters) -Shares of Ford Motor (NYSE:F) Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures from a price war, sparked by industry leader Tesla (NASDAQ:TSLA). The Detroit automaker also pulled its 2023 forecast, citing “uncertainty” over the pending ratification of its new labor […]
John Bilton from J.P. Morgan Asset Management has forecasted that European stocks are poised to outperform their U.S. counterparts over the next 10-15 years. The prediction is based on factors such as an overvalued dollar, more attractive starting valuations, and higher overseas dividends. Last year, the U.S market despite having its largest period of outperformance […]
CUPERTINO, California (Reuters) -Apple launched a new series of iPhones that included a new titanium shell, a faster chip and improved video game playing abilities. The biggest surprise with the iPhone 15 that will come out Sept. 22: It did not raise prices, reflecting the global smartphone slump. The event at Apple (NASDAQ:AAPL)’s Cupertino, California, […]
Investing.com – U.S. stock futures were trading higher during Sunday’s evening trade, following a mixed week among major benchmark averages amid rising bond yields as comments from the Federal Reserve’s Jerome Powell indicated that policymakers are prepared to raise rates further to combat inflation pressures. By 7:55pm ET (11:55pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 […]
Investing.com – European stock markets are expected to open lower Thursday on growing worries around China’s stuttering economy and the potential for higher U.S. interest rates. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.6% lower, CAC 40 futures in France dropped 0.7% and the FTSE 100 futures contract in the U.K. fell 0.3%. European equities are […]
NEW DELHI (Reuters) -Boeing has emerged as the front-runner to secure an order for around 25 wide-body planes from IndiGo, industry sources told Reuters on Monday, as India’s biggest airline deepens its international expansion with new destinations. IndiGo is in talks to buy Boeing (NYSE:BA)’s 787 family of twin-aisle aircraft, which has been pitted against […]
(Reuters) -Payments giant PayPal (NASDAQ:PYPL) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins – crypto tokens whose monetary value is pegged to a stable asset to protect from wild volatility – have been around for years […]
Merck (NYSE:MRK) shares are moving higher in early Tuesday trading after the company reported a better-than-expected set of second quarter results and full-year guidance. Merck reported a loss per share of $2.06 on revenue of $15 billion, while the Street was looking for a loss per share of $2.18 on revenue of $14.43B. Revenue rose 3% year-over-year […]