By Yadarisa Shabong and Martin Coulter (Reuters) – Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of some former staff of Inflection AI and its partnership with the startup,…
Author: Financial Edge Daily
Where J.D. Vance, Trump’s VP pick, stands on key issues
(Deletes extraneous words ‘has been’ in paragraph 8) MILWAUKEE (Reuters) – Ohio U.S. Senator J.D. Vance, Donald Trump’s new running mate, has embraced trade barriers, isolationism and social conservatism, issues that have…
Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial
(Reuters) – Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it…
Stocks rise, yields up as investors assess prospect of Trump win
By Caroline Valetkevitch and Isla Binnie NEW YORK (Reuters) -World stock indexes and Treasury yields rose on Monday while the dollar dipped as investors weighed the prospect of Republican Donald Trump winning…
Fed’s Powell touts progress on inflation
(Reuters) – Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year do “add somewhat to confidence” that the pace of price…
BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks
By Arasu Kannagi Basil and Davide Barbuscia (Reuters) – Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped…
Berkshire Hathaway share price sets record high
By Jonathan Stempel (Reuters) -Berkshire Hathaway’s share price hit a record high on Monday, reflecting investors’ confidence in Warren Buffett’s company, which is often regarded as a microcosm of the broader American…
Exclusive-OpenAI working on new reasoning technology under code name ‘Strawberry’
By Anna Tong and Katie Paul ChatGPT maker OpenAI is working on a novel approach to its artificial intelligence models in a project code-named “Strawberry,” according to a person familiar with the…
Analysis-Attack on Trump could spark further U.S. political violence
By James Oliphant and Gram Slattery WASHINGTON (Reuters) – In a country already on edge, the assassination attempt on former President Donald Trump has enraged his supporters, paused the Democratic campaign and…
Billionaire Bill Ackman endorses Trump in US presidential race
(Reuters) – Billionaire hedge fund manager Bill Ackman endorsed Donald Trump in the U.S. presidential race on Saturday. “I just endorsed him,” Ackman posted on social media platform X after former President…