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With Fed’s rate cut at hand, debate swirls over how large a move
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US stocks flat, dollar lower as traders brace for Fed easing
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Oil prices edge higher on US crude stocks, market awaits Fed decision
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Spain allows BlackRock to take 20% stake in Naturgy, Cinco Dias reports
UK inflation holds at 2.2% but services prices keep BoE on alert
Date: September 18, 2024
By Suban Abdulla LONDON (Reuters) -British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets that the central bank will keep interest rates on hold on Thursday. Consumer price inflation of 2.2% last month was...
Instagram rolls out teen accounts with privacy, parental controls as scrutiny mounts
Date: September 17, 2024
(Reuters) – Meta Platforms is rolling out enhanced privacy and parental controls for Instagram accounts of users under 18 in a significant overhaul aimed at addressing growing concerns around the negative effects of social media. Meta will port all designated Instagram accounts automatically to “Teen Accounts”, which will be private accounts by default, the company...
French central bank sees consumer gains easing budget pains
Date: September 17, 2024
PARIS (Reuters) – France’s economy is set to gain momentum in the coming two years as lower inflation boosts consumer spending, helping to offset the drag from government belt-tightening, the central bank forecast on Tuesday. The euro zone’s second-biggest economy was set to grow 1.1% this year, the Bank of France said in its quarterly...
Oil prices rise on supply shocks, prospect of US interest rate cuts
Date: September 17, 2024
By Shariq Khan and Arunima Kumar NEW YORK (Reuters) -Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected. U.S. crude oil futures gained $1.31, or 1.9%, to $71.40 by 12:03...
Microsoft approves new $60 billion share buyback program
Date: September 17, 2024
(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....
AI experts ready ‘Humanity’s Last Exam’ to stump powerful tech
Date: September 17, 2024
By Jeffrey Dastin and Katie Paul (Reuters) – A team of technology experts issued a global call on Monday seeking the toughest questions to pose to artificial intelligence systems, which increasingly have handled popular benchmark tests like child’s play. Dubbed “Humanity’s Last Exam,” the project seeks to determine when expert-level AI has arrived. It...