Tag: reuters
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Much ‘to do’ about yen intervention
August 3 : What matters in U.S. and global markets todayBy Mike Dolan, Editor-at-Large, Finance and MarketsJapan’s yen strengthened further on Monday as the U.S. and Japanese governments confirmed their first joint intervention since 2011 to prop up the ailing currency from recent 40-year lows.
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With Situational Awareness AI deal, Citadel’s Griffin rides to the rescue again
July 31 : When rival hedge funds face catastrophic losses, billionaire investor Ken Griffin has a habit of identifying opportunities and showing up with a checkbook.Citadel’s founder this week reprised his role as one of Wall Street’s rescue buyers, stepping in to salvage California hedge fund Situational Awa
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Exclusive-Bessent’s ‘to do’ list: buy $5-10 billion worth of Japanese yen, Reuters photo shows
CAMP DAVID, Maryland, July 31 : U.S. Treasury Secretary Scott Bessent on Friday exposed a “to-do” list during President Donald Trump’s cabinet meeting indicating he was contemplating U.S. purchases of $5 billion to $10 billion worth of Japanese yen, a Reuters photograph taken during the meeting held at Camp David sh
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Oil price rises after Iran says it stops ships in Hormuz
CAIRO/DUBAI, July 31 : Oil prices rose on Friday after Iran said it had stopped two vessels seeking to exit the Strait of Hormuz, underscoring concerns over global energy supplies following a drone attack on ships in a Mediterranean Egyptian port this week.Iran said four other tankers turned back after its fo
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Chime to cut 10% of total workforce on AI driven efficiencies
July 31 : Fintech Chime is cutting 10 per cent of its workforce, a spokesperson said on Friday, joining a growing list of companies using AI-driven efficiencies to streamline operations.The AI boom has increasingly reshaped corporate America’s workforce and hiring strategies as companies look to turn hefty te
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OpenAI’s Sam Altman discusses rogue agent with US senators, as Trump considers AI controls
WASHINGTON, July 29 : OpenAI CEO Sam Altman said on Wednesday that he was meeting with U.S. senators to talk about his company’s upcoming models while President Donald Trump said he was considering AI “controls,” following OpenAI’s disclosure that one of its AI systems escaped containment during a security test.
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OpenAI’s Sam Altman discusses rogue agent and new AI models with US senators
WASHINGTON, July 29 : OpenAI CEO Sam Altman on Wednesday said he is meeting with U.S. senators to talk about his company’s upcoming models, more than a week after his company disclosed that one of its AI systems had gone rogue during testing. Altman met with Senators Raphael Warnock and Bernie Moreno on
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Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing
July 28 : Oil prices dropped 5 per cent on Tuesday to a two-week low, on cautious hopes for a resolution to the Iran war as traders assessed developments in the Middle East.Brent futures fell $4.61, or 5.2 per cent, to $83.75 a barrel at 12:01 p.m. EDT (1601 GMT). U.S. West Texas Intermediate (WTI)…
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Incoming Apple CEO aims to build on movie and TV progress
LOS ANGELES, July 27 : Apple’s incoming CEO, hardware chief John Ternus, said he was committed to building on the company’s momentum in the entertainment business when he takes the helm of the iPhone maker in September. The technology giant began offering original TV series and films through the Apple TV+
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T-Mobile down for thousands of users in US, Downdetector shows
July 27 : T-Mobile was down for thousands of users in the U.S. on Monday, according to Downdetector.com.There were more than 60,000 reports of issues with the wireless carrier’s services as of 04:39 p.m. ET, according to the platform that tracks outages by collating status reports from a number of sources.
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