Reuters US Business

By Danielle Broadway LOS ANGELES (Reuters) -Hollywood video game voice and motion capture actors signed a new contract with video game studios on Wednesday with a focus on artificial intelligence protections, the actors’ union, SAG-AFTRA, said in a press release, ending a near year-long strike. “AI was the centerpiece of our proposal package,” video game …

Industry video game actors pass agreement with studios for AI security Read More »

(Reuters) -Huawei Technologies is attempting to export small amounts of AI chips to the Middle East and Southeast Asia, as it looks to establish itself in markets dominated by U.S. chip designer Nvidia, Bloomberg News reported on Thursday. The Chinese telecom giant has reached out to potential customers in the United Arab Emirates, Saudi Arabia …

Huawei seeks AI chip deals in Middle East, Southeast Asia, Bloomberg News reports Read More »

By Padraic Halpin DUBLIN (Reuters) -JPMorgan Chase CEO Jamie Dimon said on Thursday he thought the financial market was underestimating the possibility of U.S. interest rates climbing higher, a prospect he described as a “cause for concern”. The Federal Reserve last month voted unanimously to leave rates unchanged. Fed Chair Jerome Powell said he expected …

JPMorgan CEO Dimon says markets under-pricing risk of higher US interest rates Read More »

(Reuters) -Ford Motor is recalling 850,318 vehicles in the U.S. due to a potential low-pressure fuel pump failure, which could cause an engine stall, the U.S. National Highway Traffic Safety Administration said on Thursday. A faulty fuel pump can reduce fuel flow from the tank to the engine, causing an engine stall and increasing the …

Ford recalls more than 850,000 vehicles in US over fuel pump defect Read More »

By Tim McLaughlin , (Reuters) -President Donald Trump claims that rapid adoption of solar and wind power has made U.S. electricity unstable and expensive, justifying his bid to end most subsidies for renewable energy. But reliability has improved dramatically in the U.S. grid with the most renewable energy – in Texas – and electricity prices …

Analysis-Trump calls wind, solar bad for power grid. Texas shows otherwise Read More »

By Tom Polansek CHICAGO (Reuters) -The flesh-eating livestock pest New World screwworm has advanced closer to the U.S. border with Mexico, the U.S. Department of Agriculture said, prompting Washington to block imports of Mexican cattle just days after it allowed them to resume at a port of entry in Arizona. Screwworms are parasitic flies whose …

US again halts cattle imports from Mexico over flesh-eating screwworms Read More »

By Neil J Kanatt (Reuters) -Conagra Brands forecast annual profit below Wall Street expectations on Thursday as it grapples with higher tariff-related costs for products, including its Hunt’s ketchup, due to levies on imports from China and on metals. The outlook signals how President Donald Trump’s on-and-off trade policies with changing sector and country-specific tariffs …

Conagra says tariff costs will hit annual profit Read More »

By Harshita Mary Varghese and Akash Sriram (Reuters) -Varda Space Industries said on Thursday it has raised $187 million in a funding round led by venture capital firms Natural Capital and Shrug Capital to boost the technology for robotic drug manufacturing in space. The latest round, which included participation from Lux Capital, billionaire Peter Thiel, …

Varda Space raises $187 million to accelerate development of drugs in space Read More »

(This June 27 story has been refiled to remove incorrect logo) (Reuters) – U.S. energy company EQT agreed to pay $167.5 million to settle a class action lawsuit filed by investors who claimed EQT overstated the benefits of its $6.7 billion merger with Rice Energy in 2017, according to a federal court filing on Thursday …

US energy firm EQT agrees to settle lawsuit for $167.5 million Read More »