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(Reuters) -Chinese AI startup DeepSeek has not yet determined the timing of the release of its R2 model as CEO Liang Wenfeng is not satisfied with its performance, The Information reported on Thursday, citing two people with knowledge of the situation. R2, a successor to DeepSeek’s wildly popular R1 reasoning model, was planned for release …

DeepSeek R2 launch stalled as CEO balks at progress, The Information reports Read More »

(Reuters) -BlackRock is set to include private assets in its retirement plans as it expands into alternative investments, the world’s largest asset manager said on Monday. The move marks a significant shift in how retirement products are structured, bringing traditionally illiquid and high-fee private market investments into mainstream retirement portfolios. The New York-based firm plans …

BlackRock looks to expand private markets to retirement plans Read More »

WASHINGTON (Reuters) -Contracts to buy previously owned U.S. homes increased more than expected in May, but higher mortgage rates remain a constraint for buyers. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on signed contracts, increased 1.8% to 72.6 last month. Sales rose in all four regions. Economists polled …

US pending home sales rise more than expected in May Read More »

WASHINGTON (Reuters) -The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter. The goods trade gap widened 11.1% to $96.6 billion last month, the Commerce Department’s Census Bureau said …

US goods trade deficit widens in May as exports fall Read More »

WASHINGTON (Reuters) -The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration’s aggressive tariffs on imported goods. Gross domestic product decreased at a downwardly revised 0.5% annualized rate last quarter, the Commerce Department’s Bureau of Economic Analysis (BEA) said …

US first-quarter GDP revised lower on tepid consumer spending Read More »

(Reuters) -Lyft introduced its first-ever Driver Autonomous Forum on Thursday, a new initiative designed to engage seasoned drivers in shaping key strategies as the company begins integrating robotaxis into its ride-hailing service. The move comes as self-driving technology continues to disrupt the ride-hailing industry. While robotaxis promise increased efficiency and lower costs, they also threaten …

Lyft taps drivers for strategic input to help navigate robotaxi rollout Read More »