By Jessica DiNapoli NEW YORK (Reuters) - Doing laundry is a drag. But after two years of price hikes on detergent, U.S. consumers may finally get some relief as Procter & Gamble Co deepens discounts on Tide, one of its…
By Davide Barbuscia NEW YORK (Reuters) - A debt ceiling fight is looming in the U.S. yet again, giving investors another worry for markets this year. The U.S. government's deadline to raise the $31.4 trillion debt ceiling could be sooner…
By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting the labor market was gradually slowing as the Federal Reserve's year-long interest rate hiking campaign dampens demand. Though measured,…
By Caroline Valetkevitch NEW YORK (Reuters) -Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts remain down $5.52 billion for the year so far in mark-to-market losses, S3 Partners wrote in a research…
By Blake Brittain (Reuters) - Alphabet's Google LLC on Tuesday convinced a U.S. appeals court to cancel three anti-malware patents at the heart of a Texas jury's $20 million infringement verdict against the company. The U.S. Court of Appeals for…
By Hyunjoo Jin and Sheila Dang SAN FRANCISCO (Reuters) -Billionaire Elon Musk said on Monday he will launch an artificial intelligence (AI) platform that he calls "TruthGPT" to challenge the offerings from Microsoft and Google. He criticised Microsoft-backed OpenAI, the…
By Clark Mindock NEW YORK (Reuters) -Berkeley, California, cannot ban natural gas hookups in new buildings because a U.S. federal law preempts its rule, a federal appeals court said Monday, siding with a challenge the state's restaurant industry made. The…
(Reuters) -Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times reported on Friday citing people familiar with his plans. Twitter-owner Musk is assembling a team of AI researchers and engineers,…
By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Friday and secured a fourth straight week of gains after the West's energy watchdog said global demand will hit a record high this year on the back of a…
By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as higher borrowing costs dampen demand in the economy.…