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News
Singapore’s Grab lifts annual forecasts as AI, incentives drive growth
12+ hour, 21+ min ago (392+ words) By Deborah Mary Sophia Aug 4 (Reuters) – Singapore’s Grab raised its annual revenue and profit forecasts on Tuesday, encouraged by strong demand for its ride-hailing and delivery services driven by promotional offers, driver incentives and its AI initiatives. The upbeat projections…...
JPMorgan CEO Dimon says Anthropic’s Mythos AI risks are a ‘real issue’
2+ week, 5+ day ago (250+ words) July 15 (Reuters) – JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic’s Mythos AI model are a “real issue” that the U.S. government is on top of, underscoring concerns about the powerful model that have caused…...
South Korea central bank to raise rates for first time in over three years on July 16: Reuters poll
3+ week, 5+ hour ago (528+ words) BENGALURU, July 14 (Reuters) – South Korea’s central bank is expected to raise interest rates on Thursday for the first time in more than three years and deliver another increase by the end of the year, according to a Reuters poll of…...
Australia business conditions steady in June; mood improves
3+ week, 12+ hour ago (277+ words) SYDNEY, July 14 (Reuters) – Australian business conditions were steady in June as cost pressures eased following a U.S.-Iran peace deal to end their conflict, a survey showed on Tuesday, although renewed hostilities have since sent oil prices higher again. The survey…...
Methodology changes could lower US May core PCE inflation, economists say
1+ mon, 4+ day ago (412+ words) WASHINGTON, June 29 (Reuters) – The May data for the U.S. Personal Consumption Expenditures Price Index, excluding food and energy, could be revised lower when the government implements methodological changes to some components later this year, economists say. The Bureau of Economic…...
US consumer sentiment improves in June, concerns of high cost of living remain
1+ mon, 1+ week ago (191+ words) WASHINGTON, June 26 (Reuters) – U.S. consumer sentiment rebounded from record lows in June, though households remained worried about the high cost of living, a survey showed on Friday. The University of Michigan’s Surveys of Consumers said its Consumer Sentiment Index increased…...