By Norihiko Shirouzu (Reuters) -Alphabet’s Waymo plans to start offering autonomous cab rides in Nashville next year in collaboration with ride-hailing firm Lyft, the two companies said. Riders in the Music City will initially be able to hail self-driving cabs through the Waymo app. As the service grows, riders will also be able to use …
Waymo to offer autonomous rides in Nashville on Lyft ride-hailing network Read More »
(Reuters) – Chip startup Groq said on Wednesday it has raised $750 million, more than doubling its valuation to $6.9 billion in just over a year as Wall Street bets big on the hardware that powers artificial intelligence technology. Groq, founded by a former Alphabet engineer, is among a long list of new chip players …
Groq more than doubles valuation to $6.9 billion as investors bet on AI chips Read More »
(Reuters) -The interest rate on the most popular U.S. home loan dropped last week to its lowest in a year, sending homeowners racing to lock in cheaper borrowing costs as slowing jobs growth and expectations for a Federal Reserve interest-rate cut drive down yields on benchmark Treasuries. The Mortgage Bankers Association on Wednesday said the …
US 30-year mortgage rate drops, refinances jump, MBA data shows Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets With a first Federal Reserve interest rate cut of 2025 now considered to be in the bag, world markets are hungry for signals on how much more comes after. This has allowed the dollar …
Morning Bid: Ailing dollar gets toehold as Fed awaited Read More »
By Kenrick Cai NEW YORK (Reuters) -On its 20th birthday, YouTube is unrecognizable as the scrappy video site that began as the domain of young amateur users publishing unpolished, low-budget clips. Commanding 2.7 billion users, including celebrities like British pop star Dua Lipa who share professional-grade content, YouTube has become the most popular way for …
YouTube, new leader of US media industry, bets on AI as key for creating content Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The end of the Federal Reserve’s policy meeting on Wednesday will convey a three-part message for investors, showing how much officials have reshuffled their outlooks to account for a weakening job market, how divided the U.S. central bank is becoming over the interest rate path and whether …
Fed’s new projections to account for turbulent period as Miran joins debate Read More »
By Lewis Krauskopf NEW YORK (Reuters) -The resumption of monetary easing by the U.S. central bank could add to and broaden Wall Street’s rally, investors say, though such a boost might already be priced in and could depend on whether lower interest rates help the economy avoid a significant downturn. The Federal Reserve is widely expected …
Analysis-Fed rate cuts could set stage for broader US stock gains Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -U.S. corporate sectors that are sensitive to interest rates will be in focus as the Federal Reserve looks poised to lower borrowing costs for the first time this year, with most having already notched up gains after Chair Jerome Powell hinted at cuts last month. After easing …
US sectors to watch as Fed lines up first rate cut of 2025 Read More »
FRANKFURT (Reuters) – Commerzbank CEO Bettina Orlopp on Wednesday labelled UniCredit’s approach for a potential merger as “unfriendly” and said that any deal would likely hurt revenue. Orlopp also said a focus on cutting costs under any deal would not be easy or free of risk. The comments underscore the scepticism by the German lender …
Commerzbank CEO sees likely revenue hit in ‘unfriendly’ UniCredit deal Read More »
By Douglas Gillison and Michelle Price WASHINGTON (Reuters) -President Donald Trump’s renewed push to nix quarterly corporate disclosures, a drive that went nowhere in his first administration, has a better chance this time as the White House takes more control of the Securities and Exchange Commission’s agenda. Trump on Monday called for the SEC to …
Analysis-Why Trump’s push to nix quarterly reporting may succeed this time Read More »
