ST. CLOUD, Fla. (AP) — Florida chef Elijah Button was chopping onions in June when his knife slipped and sliced his middle finger to the bone. It was his worst kitchen accident to date. But having given up his Affordable Care Act health insurance plan in January because of a $100 monthly premium hik
By Mike Scarcella WASHINGTON, Aug 25 (Reuters) – Alphabet’s Google on Tuesday expanded its Gemini Enterprise artificial intelligence platform with new tools for lawyers and law firms, accelerating a race among technology companies to meet legal sector demand for AI. The company said its Gemini Enter
Aug 25 (Reuters) – Canadian lenders Bank of Montreal and Bank of Nova Scotia on Tuesday beat quarterly profit estimates, driven by strength in their capital markets and domestic businesses, even as trade tensions between Canada and the U.S. persisted. The country’s big six banks account for more tha
Aug 25 (Reuters) – Dick’s Sporting Goods cut its full-year sales and profit forecasts on Tuesday, as consumers in the U.S. pulled back spending on pricey athletic footwear and apparel, sending its shares down 17% in premarket trading. U.S. consumers have been seen putting off expensive purchases, ma
By Rajesh Kumar Singh CHICAGO, Aug 25 (Reuters) – United Airlines said on Tuesday it expects enough Airbus A321XLR deliveries to support its European expansion next summer, as the carrier pushes into smaller markets and sees travel to the region staying strong into the autumn months. The Chicago-bas
By Howard Schneider WASHINGTON, Aug 25 (Reuters) – U.S. debt hasn’t been further downgraded, breakeven rates on inflation-protected bonds haven’t spiked, and the cost of insuring against a federal default hasn’t skyrocketed, signs that most investors still see U.S. bonds as a largely risk-free bet e
By Mike Dolan LONDON, Aug 25 Reuters – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World markets slipped into a holding pattern on Tuesday as investors tried to make sense of the noisy U.S. economic warfare that has dominated the start of the wee
By Suzanne McGee PROVIDENCE, RHODE ISLAND, Aug 25 (Reuters) – Red-hot demand for high-risk leveraged and inverse single-stock ETFs may be starting to cool. The increasingly volatile bull market has fueled investor interest in finding ways to double the hoped-for gains in the market’s most popular an
By Anhata Rooprai, Rashika Singh and Aditya Soni Aug 25 (Reuters) – Nvidia’s results on Wednesday will test whether the company’s latest Rubin chips can drive another period of explosive growth, with some investors questioning the sustainability of the AI spending boom. The chipmaker has been the bi
By Jeffrey Dastin SAN FRANCISCO, Aug 25 (Reuters) – A research duo, once pitched to lead the Jeff Bezos-backed Project Prometheus, on Tuesday unveiled what they’ve built on their own: an AI model that can take in and produce information so vast that a lone computer might not handle it. Their company
Aug 25 (Reuters) – U.S. stock index futures inched up on Tuesday as technology stocks recovered from sharp declines in the previous session and investors awaited a key inflation report and results from AI bellwether Nvidia. The benchmark S&P 500 and the tech-heavy Nasdaq closed lower on Monday after
MELBOURNE, Australia (AP) — Australia’s recorded music industry will bar tracks wholly generated by artificial intelligence from official charts as burgeoning generative technologies threaten artists’ livelihoods, a representative said on Tuesday. The crackdown comes as a variation of Madonna’s pop
Saudi Arabia, France Deepen AI Ties as Cooperation Expands Into Robotics, Research By The Media Line Staff Saudi Arabia and France are expanding artificial intelligence cooperation across research, large language models, robotics and computing infrastructure as both countries increase investment in
Aug 25 (Reuters) – Shares of Melrose Industries rose 8% on Tuesday after the GKN Aerospace owner said it was targeting September 28 to resume full production at its Garden Grove facility and pay up to $100 million to settle damage claims from a May incident involving an overheating chemical tank. GK
BANGKOK (AP) — Shares were mostly higher Tuesday in Europe and Asia after U.S. stocks drifted to a mixed finish ahead of potentially market-moving events later in the week. Oil prices fell back after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against Iran and warned that countri
SINGAPORE, Aug 25 (Reuters) – Global stablecoin card spending is expected to quadruple to $50 billion a year by 2028, stablecoin payments company RedotPay said on Tuesday. The Hong Kong-based firm said the projection comes as stablecoin card spend crossed $1 billion in July, marking a record month,
By Helen Reid LONDON, Aug 25 (Reuters) – Lego sales jumped 21% in the first half as soccer World Cup and Formula 1 sets attracted new customers, the Danish toy brand said on Tuesday. Lego has won market share as its growth outpaces rival toymakers like Mattel and Hasbro , helped by a strategy of tie
SINGAPORE, Aug 25 (Reuters) – Billionaire investor Stanley Druckenmiller said the U.S. is eroding the Treasury market’s credibility and missing a debt reform window with buybacks that have caught bonds by surprise. The former Soros Fund Management colleague of Treasury Secretary Scott Bessent said m
MILAN, Aug 25 (Reuters) – The son of EssilorLuxottica’s late founder is stepping down from management roles at the Franco-Italian eyewear group after reports of tensions with Chief Executive Francesco Milleri. Leonardo Maria Del Vecchio would quit as chairman of the Ray-Ban brand and as chief strate
(Fixes spelling of Meidan in 26th paragraph) By Chen Aizhu SINGAPORE, Aug 25 (Reuters) – Hou Qijun has set out to transform Sinopec, the world’s largest refiner, as it faces dwindling fuel demand, overcapacity in petrochemicals and the world’s worst oil crisis, when he could be coasting into retirem
KRAKOW, Poland (AP) — When Nastya Podorozhnya’s relatives fled the war in Ukraine for neighboring Poland, volunteers welcomed them with open arms. Podorozhnya, 29, was already living in Poland when the war began. But days before Russia’s full-scale invasion on Feb. 24, 2022, she rushed back to Ukrai
HONG KONG, Aug 25 (Reuters) – Online fast-fashion retailer Shein’s Hong Kong IPO book to raise up to $1.8 billion has been fully covered by investor demand, two sources said, bringing it closer to its long-awaited market debut amid growing business and regulatory challenges. Shein launched its new s
SINGAPORE, Aug 25 (Reuters) – Bitcoin rose above $80,000 to hit a more than three-month high on Tuesday as a soft U.S. dollar, in the wake of the moves by Treasury Secretary Scott Bessent to calm the bond market, revived momentum in the crypto sector. U.S. President Donald Trump last week called on
PORTLAND, Maine (AP) — President Donald Trump’s trade war with Canada is escalating as the midterm elections approach, threatening Republican efforts to address voters’ economic concerns in a year when control of the U.S. Senate hinges on states along the border between the United States and its nor
By Alexander Marrow and Richa Naidu LONDON, Aug 25 (Reuters) – Unilever is betting that shedding food assets and focusing on beauty, personal care and home products will close a valuation gap with more focused rivals. The challenge is convincing investors that a simpler company can deliver higher re
By Laura Matthews NEW YORK, Aug 25 (Reuters) – Options traders are pricing in a $280 billion swing in Nvidia’s market value after the company reports second-quarter earnings on Wednesday afternoon, as investors seek fresh insight into the demand driving the technology sector. The chipmaker’s options
By Christine Chen and Scott Murdoch SYDNEY, Aug 25 (Reuters) – Investors are questioning the rich valuations on Australia’s biggest banks as a downturn in lucrative mortgage lending threatens to stifle growth and intensify competition for borrowers. The so-called “Big Four” banks each reported doubl
Aug 25 (Reuters) – Tesla raised the prices of some of its Cybertruck pickup trucks in the United States on Tuesday, according to its website. The company increased the price of its Cybertruck dual motor and premium all-wheel drive by $5,000 to $74,990 and $84,990 respectively. (Reporting by Gnaneshw
MELBOURNE, Aug 25 (Reuters) – Fortescue, Australia’s third-largest miner, said on Tuesday it had suspended a senior executive who is under investigation over allegations of sexual harassment and bullying. Fortescue was taking the allegations “extremely seriously” and hired law firm MinterEllison to
By Helen Clark and Shivangi Lahiri PERTH, Aug 25 (Reuters) – Woodside Energy on Tuesday abandoned a longer-term emissions target and $5 billion in planned clean energy spending by 2030 to focus on its core oil and gas business after reporting a 7% rise in first-half profit. The Australian company wi
