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Mystery overseas account increases its Trump bids on Polymarket betting site

21 Oct 2024

By Michelle Conlin NEW YORK (Reuters) – One of the four accounts on Polymarket that have fueled speculation over their large bets on a Trump election victory has taken even bigger wagers, increasing the collective potential payout if Trump wins from $30 million on Friday to nearly $43 million Monday morning, according to Polymarket’s activity …

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Murdoch’s Dow Jones, New York Post sue Perplexity AI for ‘illegal’ copying of content

21 Oct 2024

By Dawn Chmielewski and Katie Paul (Reuters) -Media baron Rupert Murdoch’s Dow Jones and New York Post filed a lawsuit against Perplexity AI on Monday, claiming the artificial intelligence startup engages in a “massive amount of illegal copying” of their copyrighted work. The lawsuit is the latest salvo in a bitter ongoing battle between publishers …

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Exclusive-Mexico’s new government mulls tax incentives to lure foreign companies

21 Oct 2024

By Cassandra Garrison and Anthony Esposito MEXICO CITY (Reuters) -Mexico is considering tax credits to attract foreign firms to invest and produce domestically, targeted at electric vehicle (EV), semiconductor, rare earth minerals, battery and electronics sectors, a top Mexican trade official said in an interview. The comments come as Mexico’s new government assesses how to …

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Mexico’s headline inflation seen up, core down, in first half of October- Reuters poll

21 Oct 2024

MEXICO CITY (Reuters) – Headline inflation in Mexico probably accelerated in the first half of October, while its core measure continued to ease, a Reuters poll showed on Monday, reinforcing expectations that the central bank will continue cutting its benchmark interest rate. The median forecast from 10 analysts estimated headline inflation of 4.67% for the …

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BlackRock’s Fink bullish on private markets amid high US deficit

21 Oct 2024

NEW YORK (Reuters) – The growth of private markets could mitigate the economic impact of wide U.S. deficits and high government debt levels, said Larry Fink, CEO and chairman at BlackRock. Speaking at the Securities Industry and Financial Markets Association annual meeting in New York on Monday, he said rising U.S. government debt is a …

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US set to award Hemlock Semiconductor $325 million for polysilicon production

21 Oct 2024

By David Shepardson (Reuters) – The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor to significantly expand production capacity of semiconductor-grade polysilicon as it seeks to shift the chips supply chain. The government grant from the $52.7 billion semiconductor manufacturing and research subsidy program would support construction of a …

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Microsoft to let clients build AI agents for routine tasks from November

21 Oct 2024

By Aditya Soni (Reuters) -Microsoft will allow its customers to build autonomous artificial intelligence agents from next month, in its latest push to tap the booming technology amid growing investor scrutiny of its hefty AI investments. The company is positioning autonomous agents – programs that need little human intervention unlike chatbots – as “apps for …

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Brazil’s central bank chief sees ‘huge’ de-anchoring of inflation expectations

21 Oct 2024

BRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto on Monday highlighted a “huge” de-anchoring of inflation expectations in the country, adding that it is “very important” to bring inflation back to the 3% target, and policymakers are committed to doing so. Speaking at an event hosted by the 20-20 Investment Association, Campos Neto said …

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IBM releases new AI models for businesses as genAI competition heats up

21 Oct 2024

(Reuters) – IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalize on the surge in enterprises adopting generative AI technology. “Granite 3.0” models will be made open-source, similar to other versions in IBM’s Granite family of AI models. This approach differs from rivals such as Microsoft …

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Hedge funds side with ‘Trump trades’ in equities, says JPM

21 Oct 2024

By Carolina Mandl NEW YORK (Reuters) – Global hedge funds have shown “a strong preference” for stocks that could perform well if Republican presidential candidate Donald Trump wins the election, JPMorgan said in a note late last week analyzing how positioning is changing ahead of the nomination. “In general, net flows year-to-date have been quite …

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