Reuters US Business

NEW YORK (Reuters) – Foreign holdings of U.S. Treasuries surged to a record high in August, data from the Treasury Department showed on Thursday, rising for four straight months. Holdings of U.S. Treasuries by foreigners rose to $8.503 trillion in August, up from $8.338 trillion in the previous month. They were up 11.5% from holdings …

Foreign holdings of US Treasuries soar to all-time peak in August, data shows Read More »

By Ernest Scheyder (Reuters) – General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly $1 billion earlier this week, an executive said on Thursday. The U.S. automaker on Wednesday said it would form a joint …

After Nevada lithium deal, GM eyes other sources for EV minerals supply Read More »

(Reuters) – Alphabet’s Google said on Thursday it will move the team behind the Gemini app to its artificial intelligence research lab DeepMind as the search giant looks to streamline its structure and better position itself in the generative AI race. The shift “will improve feedback loops, enable fast deployment of our new models in …

Google shifts Gemini app team to DeepMind Read More »

MEXICO CITY (Reuters) – U.S. automaker General Motors said on Thursday that it fully supported the Mexican government’s push to strengthen supply chains in the region, though it declined to “respond to speculation about future plans.” Mexico’s deputy economy minister had said on Wednesday that GM and Taiwanese tech giant Foxconn would announce plans to …

Carmaker GM supports Mexico’s push to strengthen regional supply chains Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Daniel Loeb adjusted his portfolio to capture a potential boom in corporate activity after the Nov. 5 U.S. election where he expects the Republican Party will chalk up wins. Loeb believes the Republican presidential candidate, Donald Trump, is more likely to win the White House and …

Billionaire hedge fund manager Loeb shifts portfolio, eyes possible Republican U.S. election wins Read More »

(Reuters) – Bain & Co said on Thursday it will expand its partnership with OpenAI to sell the AI startup’s tools, including ChatGPT, to the consultancy’s clients. Last year, the companies had set up a global services alliance to make Bain’s clients aware about OpenAI’s technology. The Boston-based consultancy has made OpenAI platforms, including ChatGPT …

Bain & Co, OpenAI expand partnership to sell AI tools to clients Read More »