By Kanishka Singh WASHINGTON (Reuters) – Texas Attorney General Ken Paxton said on Thursday his office launched investigations into over a dozen technology platforms over their privacy and safety practices for minors. Those being probed included artificial Intelligence chatbot startup Character.AI and fourteen other platforms like Reddit, Instagram and Discord, the Texas attorney general added….
By Jody Godoy (Reuters) – Andrew Ferguson, President-elect Donald Trump’s pick to chair the U.S. Federal Trade Commission, has expressed the desire to go after Big Tech companies while taking a hands-off approach to regulating artificial intelligence. Ferguson’s views on social media, data privacy, AI and the need to boost American competitiveness are likely to…
By Pete Schroeder and Nivedita Balu WASHINGTON/TORONTO (Reuters) – The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank (TSX:BNS) to buy up to 14.99% of the voting shares in U.S. regional lender KeyCorp (NYSE:KEY), as the Canadian bank looks to boost its exposure to developed markets. Scotiabank announced the $2.8…
(Reuters) – U.S. banking powerhouse JPMorgan Chase (NYSE:JPM) on Thursday announced the election of Hershey’s CEO Michele Buck to its board, effective March 17. Buck, 63, is also the president and board chairman of Hershey, the snacking and confectionary company behind successful brands such as Reese’s Peanut Butter Cups and Milk Duds. She started her…
Investing.com — Oil prices settled lower Wednesday, as a softer demand outlook continued to weigh on sentiment. At 2:30 p.m. ET (19:30 GMT), Brent oil futures fell 0.2% to $73.41 a barrel, while West Texas Intermediate crude futures fell 0.4% to $70.02 a barrel. Oversupply concerns persists The International Energy Agency forecast global oil supply to…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set to end the week on the defensive, pressured by rising U.S. bond yields and a firmer dollar, with investors ready to reduce risk exposure as they ponder the cross-currents sweeping through the emerging world. China’s latest pledges…
(This Dec. 11 story has been corrected after the company clarified that van der Steene was referring to global trade growth forecast, not global container volumes, in the headline and in paragraph 1) By Siddharth Cavale NEW YORK (Reuters) – Maersk expects global trade growth rising as much as 7% next year, bolstered by strong…
(Reuters) – Australia’s Insignia Financial said on Friday it has received a non-binding takeover proposal from private equity Bain Capital, valuing the wealth manager at A$2.67 billion ($1.70 billion). ($1 = 1.5711 Australian dollars) Source
After-Hours Stock Movers: Broadcom (NASDAQ:AVGO) rose 2.5% after it delivered robust fourth quarter results, along with first quarter revenue guidance that matched Wall Street’s ambitious estimates. AI revenue grew 220% year-on-year. Costco (NASDAQ:COST) rose slightly after reporting first quarter results. Net sales for the first quarter increased 7.5%, to $60.99 billion from $56.72 billion last…
Investing.com — Costco Wholesale Corp (NASDAQ:COST) reported higher quarterly revenue and better-than-expected profit on Thursday, as budget-conscious consumers turned to its warehouses for low-priced groceries and discretionary items. The company’s shares were up nearly 1% at $997 in extended trading. Total (EPA:TTEF) revenue rose nearly 7% to $62.15 billion for the quarter ended November 24. Analysts…
