Reuters US Business

By Aditya Soni and Jody Godoy (Reuters) -Apple’s plans to add AI-powered search options to its Safari browser are a big blow to Google, whose lucrative advertising business relies significantly on iPhone customers using its search engine. The news slammed shares of Google-parent Alphabet, which closed down 7.3%, wiping off roughly $150 billion from its market …

Apple’s plan to offer AI search options on Safari a blow to Google dominance Read More »

By Matt Tracy (Reuters) -Moody’s ratings agency warned on Wednesday of the rising risk that retail investors, who put their money into private credit assets, pose to the U.S. economy. Since the pandemic, the share of U.S. and global credit markets has gradually shifted from banks in the public markets to private credit firms, growing …

Moody’s warns of risk posed by rising retail exposure to private credit Read More »

By David Shepardson WASHINGTON (Reuters) -Microsoft and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters. “America’s advanced economy relies on 50-year-old infrastructure that cannot meet the increasing electricity demands …

AI leaders to urge senators to speed power supply permitting, boost government data access Read More »

By David Shepardson WASHINGTON (Reuters) -The CEOs of the five largest U.S. airlines on Thursday plan to back the Trump administration’s proposal to spend tens of billions of dollars to reform the aging air traffic control system and boost hiring, officials said. Delta Air Lines, United Airlines, American Airlines, Southwest Airlines and JetBlue Airways chief …

US airline CEOs to back Trump administration air traffic control reform plan Read More »

By Mike Scarcella (Reuters) – Apple has asked a federal appeals court to temporarily pause key provisions in a U.S. judge’s ruling that ordered the tech company to immediately open its lucrative App Store to more competition. Apple told the San Francisco-based 9th U.S. Circuit Court of Appeals in a filing on Wednesday that it …

Apple asks US appeals court to pause ruling in Epic Games case Read More »

By Daina Beth Solomon SANTIAGO (Reuters) -Chinese automaker BYD and metals group Tsingshan are backing out of multi-million dollar plans to build lithium cathode plants in Chile, the country’s economic development agency said on Wednesday. The retreat by the two huge Chinese companies is a blow to Chile’s aim to develop more domestic processing of …

China’s BYD, Tsingshan scrap plans for Chile lithium plants Read More »

(Refiles to add media packaging code, with no changes to text) (Reuters) -AMC Entertainment on Wednesday reported a 9.3% fall in first-quarter revenue, as fewer blockbuster releases from Hollywood studios led to reduced attendance at its movie theaters. Shares of the Leawood, Kansas-based company fell around 2% in extended trading. The first quarter saw the …

AMC Entertainment posts lower revenue over decrease in theater attendance Read More »

(Reuters) -Google on Tuesday cut about 200 jobs across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with knowledge of the situation. Big Tech players have been redirecting spending towards data centers and AI development, while scaling back investments in other areas. The company …

Google cuts about 200 staff in global business unit, The Information reports Read More »