(Reuters) – Generative artificial intelligence startup Liquid AI said on Friday that it had closed a $250 million early-stage funding round led by chipmaker Advanced Micro Devices, which is also its strategic partner. Consumer GenAI, which captured global attention in 2022 with the launch of OpenAI’s ChatGPT, is at the center of the rapidly growing …
Liquid AI closes $250 million early-stage funding round led by AMD Read More »
(Reuters) -Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger’s board to replace CEO Rodney McMullen following the company’s announcement of a $7.5 billion stock buyback plan after terminating a deal to buy Albertsons. The UFCW local unions that led the “Stop the Merger coalition” argued that the “abrupt” and “massive” …
Local unions group seeks ouster of Kroger CEO after $7.5 billion buyback plan Read More »
(Reuters) -The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for overdrafts, saying the rule would save depositors $5 billion annually. The new regulation, adopted over the banking industry’s vocal opposition, closes what the U.S. Consumer Financial Protection Bureau described as a 1960s “loophole” from the …
US watchdog caps bank overdraft fees over industry objection Read More »
By Forrest Crellin PARIS (Reuters) – The shale drilling techniques that led to a boom in oil and gas output have also spurred the development of geothermal, which in theory could provide a stable source of power equal to the demand of India and the United States combined, the IEA said on Friday. Speaking after …
Shale drilling techniques could lead to a geothermal surge, IEA says Read More »
By Pete Schroeder and Nivedita Balu WASHINGTON/TORONTO (Reuters) – The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting shares in U.S. regional lender KeyCorp, as the Canadian bank looks to boost its exposure to developed markets. Scotiabank announced the $2.8 billion deal …
Fed approves Scotiabank bid to acquire voting shares in KeyCorp Read More »
By Curtis Williams HOUSTON (Reuters) – Venture Global LNG is on track to inaugurate liquefied natural gas (LNG) production at its Plaquemines export plant in Louisiana as soon as this week, LSEG data showed on Thursday. This will mark the first new U.S. plant in two years to produce the superchilled gas, beating Cheniere Energy’s …
WASHINGTON (Reuters) – The U.S. House banking committee’s incoming chair said on Friday he would seek to remove “calcification” and reduce regulations in the sector when the next Congress convenes in January, showing an alignment with incoming President Donald Trump. Republican Representative French Hill, in an interview with CNBC, also said the panel would work …
New US House banking chair wants to strip ‘calcification’ from regulations Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere thanks to a strong dollar, suggesting that inflation pressures could subside in the months ahead. The report from the Labor Department on Friday, which also showed a sharp …
Marginal rise in US import prices suggests inflation pressures may subside Read More »
(Reuters) – Tobacco giant Philip Morris International’s subsidiary Swedish Match North America(SMNA) will pay $1.2 million to settle an investigation into violations of Washington D.C.’s flavored tobacco ban. The District of Columbia attorney general’s office said it had found evidence that SMNA facilitated online sales of “tens of thousands” of flavored Zyn nicotine pouches to …
Philip Morris to pay $1.2 million to settle probe into flavored tobacco ban violation Read More »
(Reuters) -U.S. wireless carrier T-Mobile said on Friday it would buy back as much as $14 billion worth of shares by 2025 end as part of its previously stated plan to return up to $50 billion over the next three years to shareholders. Telecom companies such as Verizon, AT&T and T-Mobile are among the top …
T-Mobile announces $14 billion share buyback program Read More »
