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News
China state newspaper blasts Anthropic’s calls to slow AI as ‘Cold War’ tactic
13+ hour, 25+ min ago (343+ words) BEIJING, Sept 14 (Reuters) – An essay by Anthropic’s CEO calling for a slowing down of AI development may look like a rational statement focused on safety risks, but it is really a “Cold War playbook” targeting China, the state-backed Global Times…...
Adobe beats third-quarter revenue estimates
3+ day, 21+ hour ago (80+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Adobe beats third-quarter revenue estimates Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The…...
Finland risks strained power supply after Google AI deal, opposition warns
4+ day, 2+ hour ago (360+ words) HELSINKI, Sept 10 (Reuters) – Finland should introduce a national permitting system for data centres to prevent the risk of power shortages and soaring energy prices, opposition parties said on Thursday following Google’s announcement of a large new investment in the country....
S&P 500, Nasdaq futures extend losses slightly after August PPI data
4+ day, 4+ hour ago (140+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq futures extended losses slightly on Thursday after producer prices data for…...
American Eagle shares slide as flat margin outlook, weak core brand weigh
4+ day, 8+ hour ago (266+ words) Sept 10 (Reuters) – American Eagle Outfitters’ shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company’s core brands outweighed a second-quarter revenue beat. Demand across the apparel sector has been uneven as…...
German August inflation confirmed at 2.9%
4+ day, 11+ hour ago (71+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to…...
Exclusive-TPG explores $5 billion sale of healthcare software company Lyric, sources say
4+ day, 21+ hour ago (314+ words) NEW YORK, Sept 9 (Reuters) – Private equity firm TPG is exploring the sale of Lyric, in a process that could value the software company which supports payments in the healthcare industry at about $5 billion, people close to the discussions said. The…...
BOJ may be forced to hike rates rapidly if inflation accelerates, board member Masu says
4+ day, 14+ hour ago (245+ words) FUKUI, Japan, Sept 10 (Reuters) – The Bank of Japan may be forced to raise interest rates rapidly if inflation accelerates as the country’s financial conditions remain accommodative, board member Kazuyuki Masu said on Thursday. A recent spike in producer prices warrants…...
Analysis-GE Aerospace bets on ‘black art’ of casting to secure jet engine supply
4+ day, 20+ hour ago (617+ words) PARIS/CHICAGO, Sept 9 (Reuters) – GE Aerospace has acted to contain shortages of precision jet engine parts while securing valuable technology by breaking into the inner circle of castings manufacturers with a $12 billion purchase of Consolidated Precision Products. Buying CPP, the…...
Citi Private Bank hires Radzinski from Bank of America
4+ day, 20+ hour ago (126+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Citi Private Bank hires Radzinski from Bank of America NEW YORK, Sept 9 (Reuters) – Citigroup’s Private Bank announced the hiring of Teresa Radzinski from Bank of America to strengthen relationships…...