May 27, 2023
Biden sounds hopeful on debt ceiling, Treasury warns of June 5 default

By Steve Holland, Moira Warburton and Rami Ayyub WASHINGTON (Reuters) -Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government's $31.4 trillion debt ceiling after the Treasury Department…

May 26, 2023
Debt ceiling deal may shift investor focus to further Fed action

By David Randall NEW YORK (Reuters) - A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street's attention to other emerging risks, including further Federal Reserve interest rate hikes and an expected reduction in…

May 25, 2023
Wall Street ends higher as Nvidia sparks rush for AI stocks

By Noel Randewich and Shreyashi Sanyal (Reuters) - Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress…

May 25, 2023
Microsoft chief says deep fakes are biggest AI concern

By Diane Bartz WASHINGTON (Reuters) -Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content. In a speech in Washington aimed at addressing the issue of how best to…

May 24, 2023
Amazon beats all 18 shareholder-led proposals at annual meeting

By Arriana McLymore NEW YORK, NY (Reuters) - Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce giant's annual meeting on Wednesday, a preliminary tally by the company showed. The total exceeded Amazon's 2022 record of 15…