By Supantha Mukherjee and Kenrick Cai PARIS (Reuters) -Mistral on Tuesday launched Europe’s first AI reasoning model, which uses logical thinking to create a response, as it tries to keep pace with American and Chinese rivals at the forefront of AI development. The French startup has attempted to differentiate itself by championing its European roots, …
France’s Mistral launches Europe’s first AI reasoning model Read More »
WASHINGTON (Reuters) -The U.S. Energy Department’s loan office should fund oil and gas infrastructure, a White House aide said on Tuesday, as President Donald Trump’s administration moves away from supporting projects designed to curb climate change. “One of the big problems is, in the past the … Loan Program Office has been used for a …
US energy loan office should fund oil, gas, White House aide says Read More »
(Reuters) -Videogame retailer GameStop reported a decline in first-quarter revenue on Tuesday as customers increasingly opted for digital downloads over purchases at its brick-and-mortar stores, sending its shares down 4.6% in after-hours trading. The Grapevine, Texas-based company, known for its rollercoaster stock performance and Reddit-fueled rally in 2021, has long struggled to adapt to the …
GameStop’s first-quarter revenue declines as online gaming demand rises Read More »
By Curtis Williams HOUSTON (Reuters) -U.S. liquefied natural gas developer Commonwealth LNG is close to signing a deal with Japan’s biggest power generator, JERA, to supply it with 1 million metric tons per annum (mtpa) of LNG from its proposed export facility in Louisiana, two sources told Reuters. The deal would run for 20 years …
JERA close to signing deal for 1 MTPA of LNG from Commonwealth, sources say Read More »
By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian businessman Nelson Tanure has begun talks with the banks that will be key to his bid for petrochemical firm Braskem , he told Reuters, as he aims to clinch a deal this year and give oil giant Petrobras a larger role in operations. Braskem is Latin America’s largest …
(Corrects typos in paragraphs 2-3, changes conference date to Tuesday from last week in paragraph 6) By Nupur Anand NEW YORK (Reuters) -U.S. consumer loan growth is likely to remain muted for the rest of the year and could potentially slide, Wells Fargo Chief Financial Officer Mike Santomassimo said on Tuesday. “I wouldn’t expect large …
Wells Fargo says consumer loan growth to stay muted or drop this year Read More »
(Reuters) -Live Nation Entertainment said on Tuesday it will invest $1 billion to build 18 new live music venues across the U.S. as the concert promoter sees strong demand for musical performances from fan-favorite artists. This investment comes amid Live Nation’s grown optimism in the live entertainment industry, driven by long-overdue ticketing reforms and growing …
Live Nation to invest $1 billion in US music venues Read More »
(Reuters) -Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. Founded in 2016, Scale AI provides vast amounts of labeled data or curated training data, which is crucial for developing sophisticated tools such as …
Meta to pay nearly $15 billion for Scale AI stake, The Information reports Read More »
By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Tuesday slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly all economies. In its twice-yearly Global Economic Prospects report, the global lender lowered its forecasts for nearly …
World Bank cuts global growth forecast as trade tensions heighten uncertainty Read More »
By Julia Harte (Reuters) -Kelly Belt, 33, a high school life-sciences teacher in Provo, Utah, is ready and willing to repay her student loans. But like 8 million other U.S. borrowers on an affordable repayment plan created by former President Joe Biden, she has not been able to for nearly a year. Federal courts halted …
Student loan quagmire frustrates borrowers – and alarms some Trump voters Read More »
