AMSTERDAM (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday support for U.S. central bank independence remains “very strong” in Congress, pushing back on
Author: Daily Trader Insights
Explainer-Canada wildfire season is heating up: Here’s what to know
By Nia Williams (Reuters) – Firefighters in western Canada are battling the first major wildfires of 2024, which sparked into life after unseasonably warm temperatures
OpenAI unveils new AI model as competition heats up
By Anna Tong and Akash Sriram (Reuters) -ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic
GameStop soars as flag bearer ‘Roaring Kitty’ resurfaces, sparks meme stock rally
By Medha Singh and Laura Matthews (Reuters) -Shares of videogame retailer GameStop surged nearly 75% on Monday after “Roaring Kitty”, an account associated with a
Strong Walmart earnings may already be priced in with shares near record
By Siddharth Cavale and Noel Randewich NEW YORK (Reuters) – Walmart’s earnings amid signs of weaker discretionary spending could add fuel to a rally that
Apple’s Maryland store workers vote to authorize strike
(This May 11 story has been refiled to say IAM, instead of AIM, in paragraph 1) (Reuters) – Workers at Apple’s store in Towson, Maryland,
Microsoft to invest 4 billion euros in France
PARIS (Reuters) – Technology and software giant Microsoft will invest 4 billion euros ($4.3 billion) in France as part of the annual ‘Choose France’ business
Morning Bid: Inflation, tariffs dominate market landscape
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Inflation data from the world’s three largest economies – China, the
Factbox-Who is Andrei Belousov, Putin’s choice as defence minister?
MOSCOW (Reuters) – Russian President Vladimir Putin has proposed a surprise new defence minister, nominating civilian Andrei Belousov, a former deputy prime minister who specialises
Arm plans to launch AI chips in 2025, Nikkei reports
(Reuters) -SoftBank Group’s Arm Holdings plans to develop artificial-intelligence (AI) chips, seeking to launch the first products in 2025, Nikkei Asia reported on Sunday. UK-based