By Rocky Swift TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. Yen futures data from the Commodity Futures Trading Commission showed net n
By Hyunjoo Jin SEOUL, Sept 13 (Reuters) – Hyundai Motor Group will launch vehicles equipped with its proprietary driver-assistance software in late 2029, two years later than planned, turning to Nvidia in the interim to accelerate deployment. The South Korean automaker will partner with the U.S. chi
By Lisa Baertlein LOS ANGELES, Sept 12 (Reuters) – OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published on Saturday, citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that AI could cause human extinction by decade’s end.
Sept 12 (Reuters) – Tesla CEO Elon Musk said on Saturday the electric-vehicle maker would unveil its long-delayed Roadster on October 1, nearly a decade after first revealing a next-generation version of its original sports car. Here are some of the details: • Tesla’s account on social media platfor
Sept 12 (Reuters) – Oracle said on Saturday that its co-founder and executive chairman Larry Ellison had canceled a plan to sell up to 50 million Oracle shares, worth about $7.5 billion at Friday’s closing price. Oracle had disclosed in a regulatory filing Friday that Ellison had adopted the trading
NEW YORK (AP) — The CEO of Anthropic said Saturday the artificial-intelligence industry should slow its fast-moving development to give safety measures time to catch up. Without such a slowdown, Dario Amodei warned that within six to 12 months AI could be capable of leading a swarm of agents that co
Sept 12 (Reuters) – Anthropic CEO Dario Amodei called on AI companies to deliberately moderate the rate at which they advance model capabilities, outlining a three-step framework intended to pace development and create more time to manage its risks. “We must slow the pace at which we improve the cap
By Nivedita Balu TORONTO, Sept 12 (Reuters) – A growing consumer push to buy Canadian and boycott U.S. products is reshaping supermarket shelves in Canada, forcing grocers to improve country-of-origin labeling and secure new sources of supply. In Ontario, the president of independent grocer Vince’s
NEW YORK (AP) — The Federal Reserve and its interest rate policy will be the main focus for Wall Street this week. The central bank will close out its two-day meeting on Wednesday and could raise its benchmark interest rate in an effort to tame stubbornly high inflation. Wall Street will also get an
Sept 12 (Reuters) – Ford is recalling 223,472 vehicles in the U.S. due to leaky and improperly secured fuel tanks that may detach from the vehicle while driving, the U.S. National Highway Traffic Safety Administration said on Saturday. Here are some more details from the NHTSA advisory: • A detached
NEW DELHI (AP) — The BRICS group of emerging economies on Saturday expressed concern over rising tensions in the Middle East and condemned the use of sanctions not authorized by the U.N., as the leaders met in New Delhi to strengthen their position in global affairs seen as dominated by the West. Th
(Corrects grammar and use of partial quote in paragraph 2) SYDNEY, Sept 12 (Reuters) – Optus, Australia’s No. 2 telecom carrier, on Saturday apologised a day after an outage on its network impacted users across three states and disrupted some emergency services calls. The 76-minute technical glitch
By Dan Catchpole SEATTLE, Sept 11 (Reuters) – Boeing and its engineering union reached a tentative contract agreement on Friday, union officials said. The four-year offer includes higher general wage increases than the first offer, which members of the Society of Professional Engineering Employees i
Sept 11 (Reuters) – Global alternative asset manager Apollo Global Management is in talks to acquire Johnson & Johnson’s orthopedics unit in a deal that could value it at close to $20 billion, Bloomberg News reported on Friday, citing sources. An agreement could be reached within several weeks, the
GANDER, Newfoundland (AP) — Standing in the town that sheltered thousands of stranded Americans after the Sept. 11 attacks, former Canadian Prime Minister Jean Chrétien marked the 25th anniversary Friday with a pointed message for the United States: “Never mistake our generosity for weakness.” The 9
VENICE, Italy (AP) — The Venice Film Festival was lighter on blockbuster Hollywood fare this year, but that might have been a good thing in the end: There were more important things to talk about. As the 83rd edition winds down, here are some of our biggest takeaways. Before Alex Gibney’s nearly fou
By Anirban Sen and Utkarsh Shetti Sept 11 (Reuters) – JPMorgan Chase cut off lending activity for Leopold Aschenbrenner’s hedge fund Situational Awareness after large losses tied to his AI bets led to a near-collapse, a source familiar with the matter told Reuters on Friday. The AI-focused hedge fun
Sept 11 (Reuters) – The U.S. Commerce Department on Friday finalized steep duties on imports of solar cells and panels from India, Indonesia and Laos, finding that producers in those countries dumped cheap products in the United States and benefited from unfair government subsidies. • The agency ass
By Eduardo Baptista and AJ Vicens Sept 11 (Reuters) – Anthropic said in a threat intelligence report on Thursday that several actors had used its Claude AI models for activities ranging from weapons development and cyber operations to surveillance and fraud. Here are some of the most notable cases d
FOREST CITY, Mo. (AP) — The price of diesel is hitting record highs just when many U.S. farmers need it to power combines, tractors and other equipment to harvest two of the nation’s largest commodities, soybeans and corn. The spike adds to an already tough year for these farmers, who also faced hig
Sept 11 (Reuters) – The U.S. federal budget deficit for August shrank to $167 billion due largely to some calendar shifts in benefit payments rather than any underlying trend, leaving the fiscal-year-to-date budget gap essentially flat at $1.97 trillion, the U.S. Treasury said on Friday. The budget
Sept 11 (Reuters) – Tesla plans to bring its Semi electric truck to Europe, broadening its reach beyond North America as it seeks foothold in a heavy-duty market where rivals already sell battery-powered models. The Elon Musk-led automaker will disclose European specifications and launch details at
NEW YORK (AP) — The largest cyclospora food poisoning outbreak in U.S. history is over, U.S. health officials said Friday. U.S. Food and Drug Administration officials said they are confident that all recalled iceberg lettuce related to this specific outbreak is off the market. Nearly 13,000 reported
By Sheila Dang AUSTIN, Texas, Sept 11 (Reuters) – Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the war began in late February, countries
By Marwa Rashad and Curtis Williams LONDON/HOUSTON, Sept 11 (Reuters) – QatarEnergy is negotiating with several producers to secure multi-year U.S. liquefied natural gas contracts through 2031 to replace capacity knocked out by Iranian attacks that will take years to repair, three trading and indust
Sept 11 (Reuters) – Asset manager BlackRock’s flagship private credit fund received fewer withdrawal requests in the third quarter than in the previous period, offering an early sign that redemption pressures across the industry may be easing. Wealthy individuals have retreated from non-traded priva
By Enes Tunagur LONDON, Sept 11 (Reuters) – The cost of shipping oil in the largest tankers hit record highs this week following the biggest wave of attacks on shipping since the U.S.-Iran war began in late February. The shipping rate for supertankers – also called very large crude carriers or VLCCs
WASHINGTON, Sept 11 (Reuters) – U.S. consumer sentiment deteriorated in early September as rising gasoline prices and trade tensions stoked fears of higher inflation over the next 12 months, a survey showed on Friday. The University of Michigan’s Surveys of Consumers said its Consumer Sentiment Inde
By May Angel and Marcelo Teixeira LONDON/NEW YORK, Sept 11 (Reuters) – Traders are planning to deliver significant volumes of arabica coffee from the world’s biggest producer Brazil to ICE exchange warehouses, where stocks have sunk to 26-year lows and driven up prices, dealers, brokers and analysts
By Ann Saphir Sept 11 (Reuters) – Back-to-back hotter-than-expected inflation readings may disappoint the majority of U.S. central bankers who had been counting on price pressures easing on their own, setting the table for an interest-rate hike at the Federal Reserve’s meeting next week and potentia
