By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting that the labor market remained stable in February, though turbulence lies ahead from tariffs on imports and deep government spending cuts. That was flagged by other data on Thursday showing layoffs announced by…
BARCELONA (Reuters) – Chinese artificial intelligence firm iFlyTek is planning to expand its European business as trade tensions rise between the United States and China, Vice President Vincent Zhan said. “The U.S. and China trade war has some impact for us,” Zhan said in an interview on the sidelines of the Mobile World Congress in…
(Reuters) – Reddit on Thursday launched new tools aimed at helping people adhere to community rules and better understand content performance, in a bid to revive user growth after a recent slowdown. The social media platform, like its larger rival Meta, is investing in new tools to attract more users and stave off competition in…
By Arsheeya Bajwa (Reuters) – Marvell Technology tumbled 19% and dragged down rival chipmakers on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure, as a years-long rally shows signs of cooling. Wall Street had looked to earnings from Marvell, a key supplier of custom AI…
By Dhara Ranasinghe and Amanda Cooper LONDON (Reuters) – A historic global trade war, a proposed $1.2 trillion European fiscal bazooka and the emergence of China as tech race leader are upending global flows of money, marking a potential turning point for investor capital away from the United States. China unlocked more stimulus on Wednesday…
(Reuters) – Amazon.com’s Prime Video will begin offering AI-aided dubbing in English and Spanish on licensed movies and series starting Wednesday, the company said, in a bid to boost viewership and bring its content to more customers worldwide. The artificial intelligence-based dubbing is set to be available on 12 licensed movies and series initially, Prime…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -U.S. electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year. Tesla did not immediately respond to a request…
By Kenrick Cai SAN FRANCISCO (Reuters) – Alphabet’s Google launched an experimental version of its search engine on Wednesday that completely eliminates its classic 10 blue links in favor of an AI-generated summary. The new feature, available to subscribers of Google One AI Premium, can be accessed via the results page for any search query…
By Milana Vinn and Alexandra Alper NEW YORK (Reuters) -Star technology investment banker Michael Grimes, who left Morgan Stanley to take up a senior role in the U.S. Commerce Department last month, is expected to lead the new U.S. sovereign wealth fund that was unveiled by President Donald Trump, two people familiar with the matter…
(Reuters) -Dollar Tree on Wednesday named former Tyson Foods executive Stewart Glendinning as chief financial officer amid new CEO Michael Creedon’s efforts to accelerate a revamp at the company struggling with weak demand and intense competition. Glendinning joined the company earlier this year in a senior role, focusing on key areas within its finance organization…
