By Greg Bensinger SUNNYVALE, Calif. (Reuters) -Amazon wants customers to know that artificial intelligence is not just for writing college essays. In a series of announcements Wednesday, Amazon demonstrated how stockroom robots, delivery people and its sprawling warehouses will all benefit from a hefty dose of artificial intelligence, speeding packages to customer doorsteps. The company …
(Reuters) -The shock from trade war brings differential effects for central banks in emerging markets, in contrast with the COVID pandemic, when they could quickly ease monetary policy, the International Monetary Fund’s (IMF) Gita Gopinath said. In an interview with the Financial Times newspaper, the fund’s first deputy managing director said the unpredictable impact of …
Trade war is tougher threat than COVID for emerging market cenbanks, IMF says Read More »
(Reuters) -Kimberly-Clark is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano, the Wall Street Journal reported, citing people familiar with the matter. A deal could be completed as soon as Thursday, the report said on Wednesday. Reuters could not immediately confirm the …
Kimberly-Clark nears $3.5 billion sale of global tissue business to Suzano, WSJ reports Read More »
SYDNEY (Reuters) -Australian household spending rose only marginally in April, data showed on Thursday, a further sign consumption was still lagging income growth despite a drop in borrowing rates and cooling inflation. The Australian Bureau of Statistics’ monthly household spending indicator (MHSI) showed a seasonally adjusted rise of just 0.1% in April, after a dip …
Australian household spending rises meagre 0.1% in April Read More »
By Nupur Anand, Lananh Nguyen NEW YORK (Reuters) -Wells Fargo CEO Charlie Scharf knows he has a reputation for sternness, but he said that when the bank was finally freed of a $1.95 trillion asset cap by regulators on Tuesday, he became emotional. “Everyone thinks that I’m this tough, tough person … but it’s been …
Wells Fargo CEO goes from fixer to builder as regulators lift punishments Read More »
By Dietrich Knauth NEW YORK (Reuters) -Bankrupt genetic testing company 23andMe told a U.S. bankruptcy judge on Wednesday that it wants to re-open bidding on its assets, including customers’ genetic data, after receiving a $305 million offer from its co-founder Anne Wojcicki. 23andMe had previously selected a $256 million bid from Regeneron Pharmaceuticals as the …
23andMe seeks new bids after $305 million offer from its co-founder Read More »
By Douglas Gillison (Reuters) -Jamie Selway, a long-time market structure and investment technology expert with ties to the crypto sector, has been tapped to run the trading and markets division at the U.S. Securities and Exchange Commission, according to two people with knowledge of the matter. Selway, who withdrew as a candidate for the position …
Selway tapped to run SEC’s trading and markets division, sources say Read More »
(Corrects name of Marid industries in paragraph 6) By Divya Rajagopal TORONTO (Reuters) -Canadian companies and a major union said on Wednesday higher U.S. tariffs on steel and aluminum could result in more job losses and lost sales, as Prime Minister Mark Carney said Canada is preparing reprisals. The U.S. tariff hike on the two …
Canadian metals industry warns of layoffs, lost sales due to new US tariffs Read More »
By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Governor Michelle Bowman was confirmed to the central bank’s top regulatory post by the U.S. Senate on Wednesday, where she is expected to push an agenda aimed at easing rules for banks. Bowman, a former community banker who President Donald Trump nominated to the Fed’s Vice Chair for …
Fed’s Bowman confirmed by Senate to central bank’s top regulatory post Read More »
By Mike Scarcella (Reuters) -Apple on Wednesday failed to persuade a U.S. appeals court to pause key parts of a federal judge’s order requiring the iPhone maker to immediately open its lucrative App Store to more competition. The 9th U.S. Circuit Court of Appeals rejected Apple’s request to put the provisions on hold as the …
Apple loses bid to pause app store reform order in Epic Games case Read More »
