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Economy

Economy

Former OpenAI technology chief Mira Murati to raise capital for new AI startup, sources say

October 19, 2024
By Anna Tong and Krystal Hu Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her…
Economy

China boosts export controls on dual use items, state media says

October 19, 2024
BEIJING (Reuters) – Chinese Premier Li Qiang has signed a decree of the State Council to unveil regulations on export control of…
Economy

Exclusive-Some ECB governors wanted to drop pledge to keep policy tight, sources say

October 18, 2024
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – Some European Central Bank governors at Thursday’s rate-setting meeting made the case for…
Economy

Bank of Canada most likely to cut rates by 50 bps next week

October 18, 2024
By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is widely expected to reduce its key policy rate by 50 basis…
Economy

Fifth Third Bancorp’s profit falls on higher loan loss provisions

October 18, 2024
(Reuters) – Fifth Third Bancorp (NASDAQ:FITB) reported a fall in its third-quarter profit on Friday, as the bank set aside more money…
Economy

Factbox-Airlines suspend flights as Middle East tensions rise

October 18, 2024
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to…
Economy

AmEx quarterly profit exceeds expectations on cost control

October 18, 2024
(Reuters) -American Express reported third-quarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped soften the hit…
Economy

US retail sales increase solidly in September

October 17, 2024
WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in September, supporting views that the economy maintained a strong pace…
Economy

US weekly jobless claims unexpectedly fall

October 17, 2024
WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the…
Economy

European shares marginally up; investors eye dovish ECB comments

October 17, 2024
(Reuters) – Stocks in Europe inched up on Thursday as investors looked for a dovish outlook on top of a fully priced…
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