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OpenAI releases Sora, its buzzy AI video-generation tool

OpenAI said Monday it’s releasing its buzzy AI video-generation tool, Sora, later in the day. The AI video-generation model works similarly to…
Investing

Women’s basketball league Unrivaled signs uniform deal with Under Armour

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed…
Economy

Carlyle’s AlpInvest, Mubadala join forces for new financing partnership

By Echo Wang NEW YORK (Reuters) – AlpInvest Partners, the secondary investments unit of buyout firm Carlyle Group (NASDAQ:CG), and Abu Dhabi’s…
Economy

Future pandemic could cause $13.6 trln economic loss -Lloyd’s of London

LONDON (Reuters) – Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial…
Economy

Bank of Canada likely to reduce interest rate by 50bps

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is poised to cut its key policy rate by another 50 basis…
Economy

Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data

(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by…
Economy

US tariffs on EU could crimp eurozone growth, UBS says

Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS…
Stock

Lowe’s outlines growth strategy, reaffirms 2024 guidance

MOORESVILLE, N.C. – Lowe’s Companies, Inc. (NYSE: NYSE:LOW) today shared its strategic initiatives and financial objectives during its 2024 Analyst and Investor…
Stock

Exclusive-Trump tariff plan puts $3 billion in Diageo, Becle tequila imports at risk

By Emma Rumney LONDON (Reuters) – Some $3 billion in tequila and mezcal imports from top makers of the popular spirits, Diageo…
Stock

BlackRock’s private markets push may not be over after 2024 buyout spree

By David French, Andres Gonzalez and Davide Barbuscia NEW YORK (Reuters) – A dealmaking splurge by BlackRock (NYSE:BLK) in 2024 may continue…
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