By Joe Skipper and Joey Roulette BOCA CHICA, Texas/NEW YORK (Reuters) -SpaceX’s uncrewed spacecraft Starship, developed to carry astronauts to the moon and beyond, failed in space shortly after lifting off on Saturday, cutting short its second test but making it further than an earlier attempt that ended in an explosion. The two-stage rocketship blasted …
SpaceX Starship launch failed minutes after reaching space Read More »
By Jonathan Stempel (Reuters) – A U.S. judge dismissed an antitrust lawsuit accusing Elon Musk’s electric car company Tesla of forcing customers to pay high prices and suffer long waits for repairs by monopolizing the markets for vehicle maintenance and replacement parts. In a Friday night decision, U.S. District Judge Trina Thompson in San Francisco …
Tesla beats lawsuit claiming it monopolizes repairs, parts Read More »
(Reuters) – Moody’s on Friday left Italy’s sovereign debt rating at Baa3, one notch above junk, but upgraded the outlook to stable from negative, in an unexpected boost for Prime Minister Giorgia Meloni’s government. Most analysts had expected the agency to leave both Italy’s rating and outlook unchanged. Moody’s had put the euro zone’s third-largest …
Moody’s lifts Italy’s debt outlook to stable in boost for Meloni govt Read More »
By Greg Bensinger (Reuters) – Artificial intelligence may be well-known for generating human-like images out of whole cloth, but if the software has a public face it is Sam Altman’s. The co-founder of OpenAI, which caused a sensation just a year ago with the introduction of ChatGPT, Altman has presented himself as the benevolent wizard …
In ousting CEO Sam Altman, ChatGPT loses its best fundraiser Read More »
By Sinéad Carew and Shristi Achar A (Reuters) – Wall Street’s three major indexes edged up slightly on Friday as investors digested recent gains while remarks from Federal Reserve officials clouded the outlook about when the U.S. central bank might start cutting interest rates. Vice Chair for Supervision Michael Barr said he believes the Fed …
Wall Street barely gains as traders digest earlier gains, Fed comments Read More »
By Greg Bensinger (Reuters) -Amazon.com on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. The cuts affect several hundred employees working on Alexa, according to the email. A spokeswoman declined to elaborate on exactly how many were affected. “We’re …
(Reuters) -After nearly four decades, Jim Chanos is shutting down hedge funds he manages that wager against companies he believes are overpriced or fraudulent, the Wall Street Journal reported on Friday. His firm, Chanos & Co, manages less than $200 million today, down from $6 billion in 2008, the report said. Chanos expects to return …
Short-seller Jim Chanos to close hedge funds -WSJ Read More »
(Reuters) – Lions Gate Entertainment has suspended advertising on Elon Musk-owned X, a spokesperson for the company said on Friday. Apple is also pausing all advertising on X, Axios reported, after Musk backed an antisemitic post on the social media platform earlier this week. (Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Devika Syamnath)
By Howard Schneider BOSTON (Reuters) – Boston Federal Reserve President Susan Collins said on Friday she remained optimistic the U.S. central bank can lower inflation without doing substantial damage to the job market by taking a “patient” approach to any further interest rate moves. Collins said that while she is not taking the possibility of …
Boston Fed’s Collins: Remain optimistic in soft landing from inflation Read More »
By Valerie Insinna NEW YORK (Reuters) – Brazilian planemaker Embraer expects its revenue to grow by about 20% in 2024, its chief executive said on Friday. CEO Francisco Gomes Neto, in an interview with Reuters, cautioned that the company’s official financial forecast would not be available until early next year, but said it is currently …
Embraer CEO expects revenue to climb about 20% in 2024 Read More »
