Tag: Business
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Financial services AI dangers highlighted by regulator’s review
LONDON, July 6 : Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions.In a review commissioned by the Financial Conduct Authority and published on Monday, the watchdo
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Elon Musk’s bid to set aside Twitter fraud verdict rejected by US judge
July 6 : A federal judge on Monday rejected Elon Musk’s bid to void a jury verdict finding that the world’s richest person defrauded Twitter investors by trying to drive down the social media company’s stock price after agreeing to a $44 billion takeover.U.S. District Judge Charles Breyer in San Francisco als
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Trump Accounts boost? Here’s how much money will flow into stock market from the new program
Wells Fargo equity analyst Ohsung Kwon said nearly $20 billion should come in from the accounts.
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Oil prices little changed as Saudi cuts prices, OPEC+ boosts target
NEW YORK, July 6 : Oil prices were little changed on Monday, trading around pre-Iran war levels as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports through the Strait of Hormuz recovered further. Brent crude�
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Solstice buys Element Solutions in $14.5 billion deal, sharpens focus on AI market
July 6 : Honeywell spinoff Solstice Advanced Materials said it will buy peer specialty chemical company Element Solutions in a $14.5 billion deal, as it seeks to capitalize on growing demand from AI data centers and the chip industries.The deal would create a larger supplier of materials used in semiconductor
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US judge rejects Elon Musk’s bid to set aside Twitter fraud verdict
July 6 : A federal judge on Monday rejected Elon Musk’s bid to dismiss a recent jury verdict finding that the world’s richest person defrauded Twitter investors when buying the social media company, despite finding that Musk was not liable for one of his challenged tweets.U.S. District Judge Charles Breyer in
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NASA rover takes a closer look at organic carbon on Mars
WASHINGTON, July 6 : Using NASA’s Perseverance rover, scientists are getting a greater understanding of the nature of some of the organic carbon — the molecular backbone for all known living organisms — detected on Mars as they explore the question of whether Earth’s planetary neighbor ever harbored life.
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Oil prices steady at pre-Iran war levels
July 6 : Oil prices were stable around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices and after OPEC+ agreed to further increase its output targets from August, while exports from key producers via the Strait of Hormuz are recovering.Brent crude futures fell 4 cents, or 0.06
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ITV and Comcast’s Sky reshape British TV landscape with $2.1 billion deal
LONDON, July 6 : Comcast’s Sky has agreed to buy the broadcast channels and streaming service of Britain’s ITV for £1.6 billion ($2.13 billion), creating a British champion to compete with global players YouTube, Netflix, Amazon and Disney.Sky CEO Dana Strong said the deal, announced on Monday and confirming
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ECB payment system suffers second outage in a week
FRANKFURT, July 6 : The European Central Bank’s payment system on Monday suffered a second, short outage in the space of a week due to a glitch caused by a software update.The T2 system, which handles trillions of euros of daily transactions, was down for roughly 40 minutes in the early hours on Monday, delay
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