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Wall St futures muted as oil tops $100 for first time since July
3+ day, 18+ hour ago (479+ words) Sept 9 (Reuters) – U.S. stock index futures were subdued on Wednesday as oil prices blew past $100 for the first time since July amid an intensifying Middle East conflict, keeping investors cautious ahead of inflation data later this week. Investors have struggled…...
Seattle Times, Newsday sue OpenAI, Microsoft, alleging copyright infringement
1+ week, 1+ day ago (185+ words) (Corrects bullet point 4 to “a”, not “an” spokesperson) • The newspapers, based in Seattle and Long Island, New York, said the companies’ AI products can reproduce passages from their reporting, closely paraphrase articles and provide users with answers that reduce the…...
US government backs OpenAI in New York Times copyright case
1+ week, 3+ day ago (365+ words) Sept 2 (Reuters) – The Trump administration has filed a brief supporting OpenAI in its dispute with the New York Times and other newspapers over the company’s use of their work to train the large language models behind ChatGPT, saying AI training…...
Analysis-No shortage of culprits in panic over long US Treasury yields
1+ week, 3+ day ago (752+ words) PROVIDENCE, Rhode Island, Sept 2 (Reuters) – Higher long-end Treasury yields are unlikely to retreat anytime soon, and a host of intertwined supply and demand factors will likely hamstring U.S. policymakers seeking to cap borrowing costs. That is because the renewed surge…...
Analysis-Texas’ halt on powering data centers reflects US reckoning over ‘ghost’ demand
1+ week, 4+ day ago (895+ words) Sept 1 (Reuters) – Data centers have requested roughly as much electricity across the middle swath of the United States as it takes to power every home in the country, but much of that demand may be an illusion. In an attempt…...
Explainer-US Treasury yields are rising â Why does it matter? | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
1+ week, 4+ day ago (653+ words) NEW YORK, Sept 1 (Reuters) – A selloff in U.S. government bonds is pushing up borrowing costs, which could squeeze households, companies, financial markets and the federal budget alike. WHY HAVE YIELDS BEEN RISING? Investors point to several forces behind the move,…...
US to urge hands-off AI regulation at G20 tech meeting, official says | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
1+ week, 4+ day ago (642+ words) WASHINGTON, Sept 1 (Reuters) – The U.S. will press G20 members to take a hands-off approach to AI regulation and avoid creating new rules for the technology, according to prepared remarks seen by Reuters, at a gathering of industry titans and commerce ministers…...
Australian judge floats giving court-appointed expert access to Tesla’s engineering systems
1+ week, 5+ day ago (326+ words) SYDNEY, Sept 1 (Reuters) – An Australian judge said he may order Tesla to give an independent expert access to its internal engineering platforms as part of a class action against the Elon Musk-led carmaker, a move designed to bypass a drawn-out discovery…...
Analysts react to global bond selloff
1+ week, 4+ day ago (631+ words) SINGAPORE, Sept 1 (Reuters) – Japan’s benchmark bond yield hit the 3% level for the first time since 1996 on Tuesday amid a broad-based global bond selloff, underscoring how inflation, fiscal concerns and rate hikes are reshaping markets that once anchored global borrowing costs....
AI-driven cyber risk is top concern for global financial stability, watchdog says | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
1+ week, 5+ day ago (306+ words) LONDON, Aug 31 (Reuters) – Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying the technology could change the speed, scale and economics…...