Reuters US Business

By Ismail Shakil and David Ljunggren OTTAWA (Reuters) – Meta Platforms Inc said on Thursday it would end access to news on Facebook and Instagram for all users in Canada after parliament approved legislation designed to compel internet giants to pay publishers for news. The legislation, known as the Online News Act, was approved by …

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By Chavi Mehta (Reuters) – Generative AI-related job postings in the United States jumped about 20% last month as companies look to harness a technology that has been widely touted as the next big growth driver, according to data from job portal Indeed. The May figure, at 204 per million job postings, was also more …

US-based generative AI job postings up 20% in May- data Read More »

By David Shepardson WASHINGTON (Reuters) -A group of 17 Democrats in Congress on Wednesday urged the Federal Trade Commission to finalize new consumer protections for car buyers despite objections from auto dealers who said new rules would actually raise the cost of buying a car. The FTC in June 2022 proposed banning fees and bait-and-switch …

US lawmakers urge FTC to consumer protections for car buyers Read More »

By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile, paving the way for final approval of a pact seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries. The agreement cleared a Senate procedural hurdle by …

US Senate advances Chile tax treaty, paving way for ratification Read More »

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian has acquired Swedish EV route planning app maker Iternio to add its technology to its electric pickups and sport utility vehicles, as well use its data to better expand its own charging network, its CEO told Reuters on Wednesday. Rivian CEO RJ Scaringe did …

Rivian acquires route planning app maker Iternio – CEO Read More »

WASHINGTON (Reuters) – Alaska Airlines CEO Ben Minicucci said on Wednesday the airline is “anxious” to begin taking deliveries of the larger Boeing 737 MAX 10 to help it carry more passengers once the plane is certified. Boeing must first win approval from the Federal Aviation Administration for its MAX 7 before it can get …

Alaska Airlines CEO ‘anxious’ for Boeing 737 MAX 10 Read More »

(Reuters) – U.S. defense contractor Lockheed Martin said on Wednesday it was continuing to work with the government on capability and performance upgrades for its F-35 jets. Lockheed, which expects the jet to remain in service until 2070, said it would upgrade the engine to help deliver more power and greater cooling capability. “We stand …

Lockheed still working with US government on F-35 jet Read More »

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday as Federal Reserve Chairman Jerome Powell’s congressional testimony reinforced the central bank’s objective to rein in inflation as he hinted at the likelihood of further interest rate hikes. All three major U.S. stock indexes notched their third straight daily declines, with megacap …

Wall Street extends sell-off as Powell hints at further rate hikes Read More »