Reuters US Business

(Reuters) – Alphabet’s Waymo said on Thursday it will expand its autonomous ride-hailing services to Miami, Florida, adding another city to its operations as it seeks to gain an edge in an increasingly competitive market. The company plans to introduce its vehicles to Miami’s streets early next year and aims to launch services to riders …

Alphabet’s Waymo to expand ride-hailing services to Miami Read More »

WASHINGTON (Reuters) – The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning trade to contribute to economic growth in the fourth quarter. The trade gap narrowed 11.9% to $73.8 billion from a revised $83.8 billion in September, the Commerce Department’s Bureau of Economic Analysis said …

US trade deficit shrinks on decline in imports Read More »

By Libby George LONDON (Reuters) – Sovereign and public funds managing $6.5 trillion are putting risk back on the menu as inflation fears fall from the list of top concerns, and are betting big on India, a survey from the Official Monetary and Financial Institutions Forum showed. The end of a years-long global inflation surge …

Risk is back on the menu for sovereign and public funds, survey shows Read More »

By Krystal Hu Canadian AI startup Cohere, last valued at $5.5 billion, will focus on building tailored models for enterprise users over larger foundation models, the company told Reuters. The evolvement of its strategy, laid out in a company letter to its investors on Thursday, comes as many companies are still trying to figure out …

AI startup Cohere to prioritize customized over larger models in enterprise push Read More »

(Reuters) – Broadcom said on Thursday its custom chip unit, which makes AI processors for cloud providers, has developed new technology to enhance semiconductor speeds amid escalating demand for generative artificial intelligence infrastructure. Palo Alto, California-based Broadcom is among the biggest beneficiaries of hefty demand for AI-supporting hardware, as so-called hyperscalers turn to its custom …

Broadcom unveils new tech to speed up custom chips amid rising GenAI demand Read More »

(Reuters) – American Airlines lifted it fourth-quarter adjusted earnings forecast on Thursday, banking on resilient travel demand and an overall improvement in pricing power. The carrier expects its adjusted earnings per share in the quarter to be between $0.55 and $0.75, compared with its prior range of between $0.25 and $0.50. (Reporting by Nathan Gomes …

American Airlines raises Q4 adjusted earnings forecast Read More »

By David Shepardson CHICAGO (Reuters) – The U.S. Department of Transportation said on Thursday it was seeking public comment on whether airlines should be required to pay passengers cash compensation when flight disruptions are caused by carriers. The USDOT is giving the public 60 days to comment as it launches the rulemaking process but stopped …

US seeks comment on airline passenger cash compensation proposal Read More »

(Reuters) – Canada’s second-biggest lender TD Bank reported a fall in fourth-quarter profit on Thursday, hurt by weakness in its U.S. business due to the impact of anti-money laundering issues. The lender in October became the biggest bank in U.S. history to plead guilty to violating a federal law aimed at preventing money laundering and …

Canada’s TD Bank quarterly profit falls on US business weakness Read More »