By Chuck Mikolajczak and Lewis Krauskopf NEW YORK (Reuters) – Investors are gearing up for the final reconstitution of the benchmark indexes by FTSE Russell on Friday, with the furious rally in artificial intelligence (AI) related stocks over the past year expected to leave an outsized imprint on their final shape. The Russell Reconstitution, an…
(Reuters) – The Federal Reserve is far less likely to start cutting interest rates as soon as September, traders bet on Friday, after a U.S. government report showed employers created many more jobs and paid higher wages last month than expected. Nonfarm payrolls rose 272,000 in May, compared with the 185,000 expected, and average hourly…
By Jason Lange WASHINGTON (Reuters) – U.S. voters see Republican presidential candidate Donald Trump as the better candidate for the economy but prefer his Democratic rival President Joe Biden’s approach on preserving democracy, a new Reuters/Ipsos poll found. The three-day poll that concluded on Sunday showed that less than five months before the Nov. 5…
BEIJING (Reuters) – Chinese Vice Foreign Minister Ma Zhaoxu urged the United States to refrain from “smearing” China and to stop imposing “abusive” sanctions on Chinese companies at talks this week in Washington, China’s foreign ministry said on Friday. Ma met U.S. Deputy Secretary of State Kurt Campbell and deputy national security adviser Jon Finer…
(Reuters) -Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion. The tech giant declared a quarterly dividend of $0.83 per share, reflecting an 8 cent, or 10%, increase over the previous quarter. Microsoft said it will hold its annual shareholders meeting on Dec. 10. In…
By Josh Ye HONG KONG (Reuters) – The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China and Russia, Reuters has reported. But China in the past year has built its own domestic generative AI industry and…
By Nathan Layne WEST PALM BEACH, Florida (Reuters) -Donald Trump used his 78th birthday party on Friday to promise deeper tax cuts if he wins the Nov. 5 U.S. election and to make vague predictions of future attacks on U.S. soil after the arrest of Tajik nationals with suspected ISIS ties. Speaking to thousands of…
WASHINGTON (Reuters) – The U.S. House of Representatives narrowly voted Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax credits. The House voted 217 to 192 to approve the bill, which has not been taken up by the Senate, to tighten the definition of Chinese components…
NEW YORK (Reuters) – Shares of Lumen Technologies surged 30% on Wednesday, extending gains from the previous session, after the telecommunications company boosted its annual free-cash-flow forecast due to demand related to artificial intelligence. Lumen shares were trading at $6.54 per share after hitting an intra-day high of $7.83, which is the highest since October…
WASHINGTON (Reuters) – A group of 26 state attorneys general led by West Virginia and Kentucky on Wednesday challenged the Biden administration’s new fuel economy rules, calling the requirements unworkable and forcing automakers to build more electric vehicles. The National Highway Traffic Safety Administration on June 7 finalized tighter vehicle fuel economy rules through 2031…
