Meta unveils AI assistant, Facebook-streaming glasses
(Reuters) – Meta Platforms (NASDAQ:META) Chief Executive Mark Zuckerberg on Wednesday rolled out new AI products for consumers, including bots…
Citigroup plans to sell Chinese retail-wealth business to HSBC
Citigroup (NYSE:C) is reportedly in negotiations to sell its retail-wealth business in China to British competitor HSBC, as part of…
Private equity-backed firms weather high interest rates, default rates remain low
As of this Thursday, private-equity-backed firms are demonstrating resilience in the face of rising interest rates, largely due to robust…
U.S. crude oil stocks fell further last week, gasoline and distillates rose – EIA
U.S. stockpiles of crude oil fell last week for a second week in a row while inventories of fuel products…
U.S. stocks are rebounding as Treasury yields ease back
U.S. stocks were rebounding after the previous session’s weakness as Treasury yields eased back. At 9:55 ET (13:55 GMT), the…
Kia and Hyundai recall 3.37M cars in U.S. for fire risk
Korean automakers, Hyundai (KS:005380) and Kia (KS:000270) are recalling a combined 3.37 million vehicles in the United States due to…
Lucid opens first international EV factory in Saudi Arabia
(Reuters) – Electric-vehicle maker Lucid Group (NASDAQ:LCID) said on Wednesday it had opened its first international manufacturing plant in Saudi…
US investors want clarity on Biden’s vague curbs on China tech
(Reuters) – U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China…
Gold prices weaken, spot slips below $1,900 as rate hike fears persist
Gold prices fell below key levels on Wednesday, extending a recent slump as persistent fears of rising interest rates, following…
OpenAI considering share sale at a valuation between $80B and $90B – WSJ
OpenAI is reportedly in discussions with investors regarding a share sale that could value the company between $80 billion to…