Reuters US Business

By Krystal Hu and Anna Tong SAN FRANCISCO (Reuters) -OpenAI said on Monday it will enable ChatGPT users to build customized AI bots called GPTs to handle specific tasks, and it has slashed costs on more powerful models for developers. OpenAI CEO Sam Altman shared the updates at the artificial-intelligence lab’s first developer conference, which …

OpenAI unveils customized AI bots; offers developers cheaper, better models Read More »

(Reuters) – Walt Disney on Monday hired PepsiCo veteran Hugh Johnston as its chief financial officer, strengthening top boss Bob Iger’s hands as he tries to turn around the media giant facing a decline in its cable business and investor pressure. The conglomerate is in the middle of a restructuring that aims to make its …

Disney taps PepsiCo veteran Johnston as CFO Read More »

By Chuck Mikolajczak (Reuters) – U.S. stocks closed slightly higher on Monday as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank’s policy path, with a large amount of bond supply also due to hit the market. Equities last week posted their biggest weekly percentage gain …

Wall St ends slightly higher after rally as Fed speakers, Treasury auctions eyed Read More »

(Reuters) – Air Lease on Monday cast doubt on whether planemakers Boeing and Airbus would hit their 2023 delivery targets due to quality issues at their suppliers. “Our feeling at the moment … is that neither of the two big players will reach the target deliveries that they forecast,” Air Lease Chairman Steven Udvar-Hazy said …

Air Lease doubts if Boeing, Airbus can meet annual delivery targets Read More »

(Reuters) -Air New Zealand said on Tuesday that a change in the servicing schedule of RTX’s Pratt & Whitney engines could significantly impact the airline’s services for up to two years. The carrier in October had flagged a nominal financial impact in the first half of 2024 related to the engine issue. Air New Zealand …

Air New Zealand flags impact to operations from Pratt & Whitney engine issue Read More »

By Howard Schneider WASHINGTON (Reuters) – Banks tightened lending standards for U.S. businesses and households in the third quarter, but the pace of change appeared to ease, and demand for loans fell broadly in a sign of the impact higher interest rates are having on the economy, the Federal Reserve reported on Monday. The tightening …

Fed report shows US loan officers see tighter credit, weaker demand Read More »

By Greg Roumeliotis NEW YORK (Reuters) -Private equity firm KKR & Co Inc has completed raising money for its second global impact fund dedicated to investments that advance sustainability and social equity, amassing $2.8 billion. Ken Mehlman and Robert Antablin, the fund’s co-heads, told Reuters in an interview that more opportunities to deploy capital led …

KKR raises $2.8 billion for second global impact fund Read More »

MEXICO CITY (Reuters) – Starlink, the satellite internet service of billionaire Elon Musk’s rocket manufacturer SpaceX, has won a tender from Mexico’s state energy firm to provide services through December 2026, according to documents seen by Reuters on Monday. The contract is valued between 887.5 million pesos ($51 million) and 1.8 billion pesos ($101 million), …

Musk’s Starlink wins bid to roll out Mexico’s rural satellite internet -documents Read More »

(Reuters) – U.S. natural gas futures dropped about 7% to a one-week low on Monday on record output and forecasts for mild weather to continue through late November, keeping heating demand low and allowing utilities to keep injecting gas into storage for at least a couple more weeks. “Near-term weather forecasts have been revised notably …

US natgas prices drop 7% on record output, mild weather Read More »

(Reuters) -Hipgnosis Songs Fund Ltd, which had been undertaking a review of its financial position, said on Monday it would not declare dividends before its new fiscal year to ensure sufficient cash resources. Shareholders of music investor Hipgnosis last month rejected a $440 million deal to sell the firm’s 29 catalogues and the company needs …

Music royalty fund Hipgnosis to halt dividends till new fiscal year Read More »