Ecuador Government Struggles to Quell Resurging Prison Violence
A new surge in prison violence rocked Ecuador for a third day as the government struggled to retake control of the country’s jails. The death toll at a prison in Guayaquil rose to 31.
Bloomberg Business
Anthropic’s Amodei Warns US Senators of AI-Powered Weapons
A CEO whose company says its artificial intelligence products are tools “that people can rely on” warned senators Tuesday that AI is much closer than anticipated to overtaking human intelligence and even helping to produce weapons of mass destruction.
QQQ Climbs in Late Trading as AI Hype Put to Test: Markets Wrap
Big tech led gains in stocks on Tuesday, with traders counting on the earnings season to see whether the enthusiasm around artificial intelligence will justify this year’s market advance.
Sunak, Hunt Pressure NatWest CEO Over Farage Account Closure
The boss of NatWest Group Plc is facing mounting political pressure to resign after she admitted speaking to a BBC journalist about the decision to close Nigel Farage’s bank account.
CN Railway Cuts Outlook on Consumer Slowdown
Canadian National Railway Co. cut its earning outlook for 2023 because of weakening demand for consumer goods and other products, another clear signal that the economy is slowing.
Wells Fargo Jumps After Approving $30 Billion Buyback Plan
Wells Fargo & Co. climbed in late trading Tuesday after announcing plans to repurchase as much as $30 billion of its shares and boosting its dividend.
UBS Accused of Spoofing Stock of Trump-Linked Software Company
A unit of UBS Group AG was accused in a New York lawsuit of using deceptive spoof orders to manipulate the shares of a software company that worked on Donald Trump’s 2020 reelection campaign.
Boeing and GE Dethrone RTX as Most Valuable Aerospace Company
New errors with RTX Corp.’s Pratt & Whitney jet engines pushed the aviation and defense giant from its perch as the world’s most valuable aerospace company on Tuesday, losing $15 billion in market capitalization over the course of the trading day.
GIC Posts Worst Five-Year Return Since 2016 as Global Economy Slows
Singapore sovereign wealth fund GIC Pte reported its worst five-year returns since 2016, citing the slowing global economy as it warned the consequences of rising interest rates are yet to fully play out.
Japanese Game Publisher Behind Monster Hunter Sees 1,200% Gain Over Decade
While the gaming world fixates on the implications of a Microsoft-Activision deal and AI, a smaller player in their universe may deserve a closer look from investors.
