US consumer spending hits speed bump; inflation picture mixed
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fizzled in May as households cut...
June 2023
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US lawmaker urges labelling, restrictions on AI content
WASHINGTON (Reuters) – U.S. Senator Michael Bennet, a Democrat who is active in artificial-intelligence issues,...
Nike’s gloomy forecast puts spotlight on N America slowdown
By Granth Vanaik, Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike forecast first-quarter revenue below...
Volkswagen in talks with Tesla to adopt its charging standard
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS)...
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S&P 500 ends higher, Treasury yields touch three-month high on solid US economic data
By Stephen Culp NEW YORK (Reuters) – The S&P 500 advanced on Thursday and benchmark...
Microsoft-backed AI startup Inflection raises $1.3 billion from Nvidia and others
By Niket Nishant and Krystal Hu (Reuters) -Inflection AI, a startup backed by several Silicon...
Metal Markets
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Exclusive-Exxon Mobil expands lithium bet with Tetra Technologies deal
By Ernest Scheyder (Reuters) – Exxon Mobil has agreed to develop more than 6,100 lithium-rich...
Chipmaker Micron beats on demand from booming AI, easing glut
By Akash Sriram (Reuters) -Micron Technology beat estimates for third-quarter results on Wednesday, powered by...
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Biden administration aims $2 billion in grants at US electric vehicle transition
By Timothy Gardner and Joseph White WASHINGTON/DETROIT (Reuters) – President Joe Biden’s administration on Wednesday...
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FTX begins talks to relaunch international cryptocurrency exchange – WSJ
(Reuters) -Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange,...