By Danielle Broadway BURBANK, California (Reuters) – Striking video game voice actors and motion-capture performers held their first picket on Thursday in front of Warner Bros. Games and said artificial intelligence was a threat to their professions. “The models that they’re using have been trained on our voices without our consent at all, with no …
Striking U.S. video game actors say AI threatens their jobs Read More »
NEW YORK (Reuters) – Wall Street’s most watched gauge of investor anxiety jumped to a more than three-month high on Thursday as U.S. stocks fell sharply after a round of data on Thursday spurred concerns the economy may be slowing faster than anticipated. The Cboe Volatility Index hit 19.48, its highest since April 19, before …
Wall Street ‘fear gauge’ jumps to three-month high as stocks resume slide Read More »
By Noel Randewich (Reuters) -U.S. chip stocks plummeted on Thursday in their worst day since 2020 after a conservative forecast from Arm Holdings dampened investor optimism about artificial intelligence and data signaled a cooling economy. Shares of Arm sank 16% after the British chip designer’s forecast sparked worries that returns from a spending frenzy on …
Chip index collapses 7% as Arm punctures AI optimism Read More »
(Reuter) – Online travel agency Booking Holdings forecast lower room nights growth in the third quarter after beating analysts’ estimates for second-quarter revenue and profit, sending its shares down 8% after the bell. The booking window shrank in the second quarter and is expected to shrink further in the third quarter, the parent of booking.com …
Booking expects room nights growth to ease, shares fall Read More »
WASHINGTON (Reuters) – A U.S. appeals court on Thursday blocked the Federal Communications Commission’s reinstatement of landmark net neutrality rules, saying broadband providers are likely to succeed in a legal challenge. The FCC voted in April along party lines to reassume regulatory oversight of broadband internet and reinstate open internet rules adopted in 2015 that …
US court blocks Biden administration net neutrality rules Read More »
(Reuters) -Occidental Petroleum said on Thursday that Colombia’s Ecopetrol will not buy a stake in shale oil producer CrownRock after the U.S. company said last month they were in talks for a potential stake sale. Last year, Occidental agreed to buy the closely held, Texas-based company, CrownRock, in a $12 billion cash-and-stock deal that closed …
Occidental Petroleum says Colombia’s Ecopetrol will not buy CrownRock stake Read More »
(Reuters) – Insurer Prudential Financial reported a rise in second-quarter adjusted profit on Thursday, as its U.S. unit was boosted by stronger underwriting and higher investment returns. A resilient U.S. economy and growing hopes for a soft landing have led businesses and individuals to invest more in insurance policies. The Newark, New Jersey-based company’s U.S. …
Prudential Financial’s adjusted Q2 profit rises on US unit strength Read More »
(Reuters) -The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred concerns the economy may be slowing too fast as the Federal Reserve maintains a restrictive monetary policy. Equities were initially …
Wall Street slides after weak data kills early rally Read More »
-Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centered around its loss-making manufacturing business. Shares of the Santa Clara, California-based company slumped 20% in extended trade, setting it up to lose more than $24 billion …
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet Read More »
By Rachel More BERLIN (Reuters) -BMW reported a lower-than-expected profit margin in its core automotive segment during the second quarter on Thursday, hitting its shares as heightened competition and weaker demand in China weighs on the sector. The German automaker’s earnings before interest and tax (EBIT) margin in its car segment fell to 8.4% from …
