Author: Press Room

A recent corporate filing in Nevada suggests Elon Musk may be serious about taking on artificial-intelligence first-movers like Microsoft-backed OpenAI. The billionaire owner of Tesla and Twitter is named as a director in a business-incorporation document filed in March for a new company called X.ai Corp. Web domains using the “.ai” suffix — formally the “top-level” domain for the country of Anguilla — are popular with tech businesses pursuing artificial intelligence projects.  Musk’s… Read the full article here

Bank of Japan Gov. Kazuo Ueda said he told the Group of 20 forum that the bank needs to maintain its monetary policy easing stance, with inflation expected to slow soon. Japan’s consumer inflation, which was at around 3% in February, is expected to fall below the bank’s 2% target toward the latter half of this fiscal year, which started in April, Ueda said at a news conference in Washington D.C. “I explained that we will maintain current monetary easing to achieve sustainable and stable 2% inflation,” he said. Read the full article here

I am 46 and single. I have a good job and own my own home but live modestly. I have been fortunate not to have had to ask my parents for anything over the years. My brother and sister, by contrast, have done so, and often. My parents are comfortable, but not wealthy.  My brother lives in New York City, and he is always in need of money. His finances are unstable, and he has a child and a high-maintenance wife. My sister is in an unstable marriage and often needs help. My parents have had to help them both…

Jack Teixeira, a member of the Massachusetts Air National Guard, was arrested Thursday in connection with a leak of classified documents about the war in Ukraine and other subjects, and was charged on Friday morning by federal prosecutors. Here are some questions and answers about what has happened and what is expected to come next. What documents were leaked and when were they disclosed? More than 100 U.S. documents were leaked, according to a USA Today report. They include details about the strength of Ukrainian forces, data on military activities like U.S. drone spy planes in the area, and other…

2/2 © Reuters. FILE PHOTO: An Airbus A320neo aircraft is pictured during a news conference tin Colomiers near Toulouse, France, October 17, 2017. REUTERS/Regis Duvignau 2/2 By Gabriel Araujo and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Airbus SE (OTC:) hopes to propose partnerships with Brzil’s Embraer SA (NYSE:) in defense and space in the medium term, its regional executive overseeing those areas told Reuters, saying the two planemakers might complement each other in some ways. Any deal remains distant as negotiations have yet to start, Airbus’ head of defense and space in Latin America, Victor De La Vela,…

By Ahmad Ghaddar LONDON (Reuters) – European Union and G7 restrictions on Russian oil exports led to a global shift in oil flows, with Asian refiners soaking up discounted Russian crude, in part explaining the recent OPEC+ decision to curtail output further, the West’s energy watchdog said on Friday. With the arrival of over three million barrels per day (bpd) of Russian crude into the region, Asian refiners’ appetite for medium sour Middle Eastern crudes may have waned, the International Energy Agency (IEA) said in its monthly oil market report. “The rapid upheaval in global crude trade flows, may in…

By Herbert Lash NEW YORK (Reuters) – Treasury yields rose and the bounced off a one-year low on Friday after a decline in U.S. retail sales suggested the economy is slowing but not fast enough to stop the Federal Reserve from raising interest rates again in May. Stocks on Wall Street fell and gold pulled back sharply after surging the day before to a more than one-year peak as markets struggle to determine when the Fed might pause its monetary tightening to curb high inflation. Traders of futures tied to the Fed’s policy rate increased bets that the U.S. central…

Here are the most important news items that investors need to start their trading day:1. Week endStocks are coming off a winning day on Wall Street. On Thursday, the Nasdaq Composite gained nearly 2%, while the S&P 500 and the Dow Jones Industrial Average finished 1.3% and 1.1% higher, respectively. The story so far this week has been inflation, with March producer prices posting a surprise decline on Thursday. “Investors are becoming optimistic that times will improve,” said Sam Stovall, chief investment strategist at CFRA Research. Soon, however, Wall Street will turn its attention to earnings reports. Follow live market updates.2. Big banks at batThree…

As if there weren’t already enough layoff fears in the tech industry, add ChatGPT to the list of things workers are worrying about, reflecting the advancement of this artificial intelligence-based chatbot trickling its way into the workplace.So far this year, the tech industry already has cut 5% more jobs than it did in all of 2022, according to Challenger, Gray & Christmas.The rate of layoffs is on track to pass the job loss numbers of 2001, the worst year for tech layoffs due to the dot-com bust.As layoffs continue to mount, workers are not only scared of being laid off,…

Nima Momeni, the man accused of killing Cash App founder Bob Lee, appears to have gotten into an argument with Lee before his death, according to documents released by the San Francisco District Attorney’s office. A message from Momeni’s sister to Lee from sometime that evening showed the sister checking in on Lee after the disagreement. The text message, per the documents from the district attorney’s office, stated: “Just wanted to make sure your doing ok Cause I know nima came wayyyyyy down hard on you And thank you for being such a classy man handling it with class.” The…