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By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity shrank for a second straight month in October, with output falling by the most in 16 months, a private survey showed on Friday, adding to recent signs of a slowdown in global demand. The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled …

S.Korea factory activity shrinks again in Oct as output drops, PMI shows Read More »

By Kanishka Singh WASHINGTON (Reuters) -The founder of cryptocurrency market maker Gotbit was indicted for his alleged role in a wide-ranging conspiracy to manipulate cryptocurrency markets on behalf of client cryptocurrency companies, the U.S. Justice Department said on Thursday. Aleksei Andriunin, 26, was charged with wire fraud and conspiracy to commit market manipulation and wire …

US indicts founder of crypto firm Gotbit for alleged wire fraud Read More »

By Sarupya Ganguly BENGALURU (Reuters) – The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts, a Reuters poll found. Some analysts have attributed the dollar’s 4% October rally to speculation about the likely result …

US economic outperformance to keep dollar strong- Reuters poll Read More »

(Reuters) – OpenAI on Thursday added a set of new search functions to its popular large language model ChatGPT, opting to integrate the feature into the chatbot instead of launching a separate product. The AI giant is venturing into a territory long dominated by Alphabet’s Google, also placing it in competition with OpenAI-backer Microsoft’s Bing …

OpenAI adds new search function to ChatGPT Read More »

By Abigail Summerville (Reuters) -All three U.S. stock indexes closed lower on Thursday after Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings, curbing enthusiasm for megacaps that have fueled the market rally this year. Shares of Facebook-owner Meta Platforms slipped 4.1% and Microsoft fell 6%, despite both companies beating …

Wall St ends lower as megacaps highlight AI costs Read More »

By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage customers, the regulator said on Thursday. The settlements include $61 million of civil fines and $90 million of reimbursements to customers. …

US SEC says JPMorgan Chase settles five enforcement cases, to pay $151 million Read More »

By Nate Raymond, Ernest Scheyder (Reuters) -Environmental and Indigenous groups on Thursday filed a lawsuit challenging the U.S. Interior Department’s approval of ioneer’s Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by Democratic President Joe Biden’s administration. In a lawsuit filed in federal court in Las …

Environmentalists sue over US approval of ioneer’s Nevada lithium mine Read More »

By Gabriel Araujo SAO PAULO (Reuters) – Electric aircraft maker Eve has obtained a $50 million loan from Citibank, strengthening its balance sheet and supporting the development of its “flying car,” the company said on Wednesday. Eve, controlled by Brazilian planemaker Embraer, is one of a bevy of startups worldwide developing battery-powered aircraft that can …

Embraer’s Eve gets $50 million Citi loan to fund ‘flying car’ development Read More »

(Reuters) – Boeing has dismantled its global diversity, equity and inclusion department, Bloomberg news reported on Thursday, citing people familiar with the matter. The report said the staff from Boeing’s DEI office would be combined with another human resources team focused on talent and employee experience. Sara Liang Bowen, who was a vice president in …

Boeing dismantles diversity department, Bloomberg news reports Read More »