By Kalea Hall and Abhirup Roy (Reuters) – General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday. Traditional automakers have struggled to commercialize autonomous technology that has been more challenging and expensive than expected…
By Jonathan Stempel (Reuters) – Google agreed to pay $28 million to settle a class action lawsuit claiming that it favored white and Asian employees by paying them more and putting them on higher career tracks than other workers. The accord with Google, a unit of Alphabet, won preliminary approval last week from Judge Charles…
(Reuters) – Leaders from across the Caribbean are seeking clarity after a draft of a U.S. government list of over 40 countries which could face sweeping travel restrictions was made public, a move which could mark the latest in President Donald Trump’s crackdown on migration. U.S. State Department spokesperson Tammy Bruce disavowed the list on…
(Reuters) -Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, a source familiar with the matter said on Monday, potentially marking the tech giant’s largest deal to date. The deal hasn’t been signed and could still change, the person said. Alphabet and Wiz did not immediately reply to Reuters…
By Gram Slattery and Trevor Hunnicutt (Reuters) – U.S. President Donald Trump on Monday suggested that Chinese President Xi Jinping may visit the United States “in the not-too-distant future” for talks as economic tensions escalate between the powers. Trump has slapped 20% levies on all imports from China since taking office in January, faulting Beijing…
WASHINGTON (Reuters) – A U.S. House of Representatives committee on Monday asked the Homeland Security Department to turn over documents on the federal government’s response to reported massive Chinese hacking incidents. House Homeland Security Chair Mark Green and the chairs of two subcommittees asked DHS Secretary Kristi Noem to turn over records detailing the government’s…
By Jonathan Stempel (Reuters) -A U.S. judge dismissed a lawsuit accusing Amazon.com of defrauding shareholders about its treatment of third-party sellers and plans to expand capacity, culminating in a Federal Trade Commission antitrust case against the online retail giant. Monday’s dismissal by U.S. District Judge John Chun in Seattle was with prejudice, meaning the proposed…
By Haripriya Suresh BENGALURU (Reuters) – Tens of thousands of JPMorgan Chase software engineers increased their efficiency, delivering products 10% to 20% faster by using a coding assistant tool developed by the bank, its global chief information officer Lori Beer said. The gains present “a great opportunity” for the lender to assign its engineers to…
A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey…
In today’s volatile financial landscape, many investors find themselves paralyzed by uncertainty, unsure of how to proceed. Recent market fluctuations, driven by geopolitical tensions and economic policy shifts, have exacerbated these fears. However, history teaches us that patience and strategic action can lead to rewarding outcomes. Let’s explore the current scenario, draw lessons from the past,…
