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(Reuters) -Amazon’s Zoox has opened its first robotaxi serial production facility, it said on Wednesday, marking a crucial step towards launching a commercial robotaxi service that will compete with Alphabet’s Waymo and Tesla. Zoox is testing in various U.S. cities with more than 20 vehicles and plans to launch the commercial services in Las Vegas …

Zoox launches its first robotaxi production facility, taking on Tesla and Waymo Read More »

WASHINGTON (Reuters) -U.S. single-family homebuilding increased in May, but a sharp drop in permits for future construction pointed to subdued housing market conditions amid headwinds from tariffs and excess inventory of unsold homes. Single-family housing starts, which account for the bulk of homebuilding, rose 0.4% to a seasonally adjusted annual rate of 924,000 units last …

US single-family housing starts rise in May; permits slump Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) -SandboxAQ, an artificial intelligence startup spun out of Alphabet’s Google and backed by Nvidia, on Wednesday released a trove of data it hopes will speed up the discovery of new medical treatments by helping scientists understand how drugs stick to proteins. The goal is to help scientists predict whether …

Nvidia-backed AI startup SandboxAQ creates new data to speed up drug discovery Read More »

By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today I’m excited to announce that I’m now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X.  The alarming …

Morning Bid: Oil ebbs again as Fed meets Read More »

By Lewis Krauskopf NEW YORK (Reuters) -U.S. President Donald Trump has said that he would soon nominate Jerome Powell’s successor, with nearly a year left before the Federal Reserve chair’s term ends. Investors said that could present a risky proposition for markets. Trump has made no secret of his displeasure with Powell and the Fed …

Analysis-Early Fed chair nomination could rattle markets Read More »

By Scott Murdoch SYDNEY (Reuters) -DBS Group aims to double its Australian lending book in the next five years, its CEO Tan Su Shan said, as the Singapore-headquartered bank seeks to take advantage of trade links between Australia and Southeast Asia. The bank said on Wednesday it had signed a pact with trade agency Austrade …

Singapore lender DBS aims to double Australian lending book in 5 years Read More »

By Michael S. Derby (Reuters) -Among the uncertainties facing Federal Reserve officials as they debate the proper setting of monetary policy, one of the trickiest has been divining where inflation is going, especially over the longer run. Fed officials hold that expectations about where prices are heading exert a strong pull on current levels of …

Officials head into Fed meeting with uncertain long-term inflation outlook Read More »