By Akash Sriram and Hyunjoo Jin (Reuters) -Shares of Tesla rose about 4% on Tuesday after CEO Elon Musk said the electric carmaker will offer U.S. customers a free trial of its driver-assist technology for a month. Musk has long touted the Full Self-Driving (FSD) technology as a potential cash cow for the company, but […]

By Jarrett Renshaw and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized – and potentially uncomfortable – […]

(Reuters) -U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to investigate whether Tesla violated regulations over board independence at public companies. “New evidence has emerged in recent months that deepen my concerns that Tesla’s board lacks independence from Mr. Musk, who uses his control over the board for […]

By Herbert Lash NEW YORK (Reuters) -The dollar weakened and the yen rebounded from near multi-decade lows on Wednesday after the Federal Reserve held interest rates steady as expected and policymakers still projected three U.S. rate cuts this year even as inflation remains elevated. The Fed’s updated quarterly economic projections showed the personal consumption expenditures […]

By Yoruk Bahceli, Nell Mackenzie, Harry Robertson and Dhara Ranasinghe LONDON (Reuters) – Hedge funds are piling into  the euro zone’s $10 trillion government bond market, scenting opportunities as funding needs surge and the European Central Bank retreats. The funds are buying a large share of government debt sales, providing a source of much-needed capital, […]

By Martin Coulter (Reuters) -Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, Bloomberg News reported on Monday, citing people familiar with the situation. The negotiations are about licensing Gemini for some new features coming to the iPhone software this year, the report said, adding that the terms or branding […]

(Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company’s creative suite including Photoshop and disappointed investors hoping for a boost from AI integration. The company expects about $440 million in net new annual recurring revenue for the digital media segment, which houses its cloud […]

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar advanced on Thursday, boosted by data showing hotter-than-expected producer prices last month and fewer people seeking unemployment claims, which suggested that the Federal Reserve could reduce the number of rate cuts this year. The dollar index, which gauges the currency against six major peers, rose in […]

TOKYO (Reuters) -Nissan Motor is considering seeking a business partnership with Honda Motor, TV Tokyo reported on Wednesday, while the Nikkei business daily said they could collaborate on electric vehicles. Nissan’s board of directors decided on Tuesday to consider a potential alliance with its larger Japanese rival, TV Tokyo said, citing unidentified sources. The Nikkei […]