Author: Press Room

© Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas Peter/File Photo SHANGHAI (Reuters) – Tech giant Alibaba (NYSE:) is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays on demand in response to user prompts. Alibaba has opened up registration for businesses to conduct…

By Ambar Warrick Investing.com — Gold prices rose slightly on Wednesday, moving further towards a 2020 record high as more signs of slowing economic growth fed into safe haven demand for the yellow metal. Markets largely brushed off comments from Federal Reserve Bank of Cleveland President Loretta Mester that U.S. interest rates will keep rising despite weakness in the economy. Mester also suggested that rates will remain above the 5% mark for longer. But data, coupled with signs of cooling in the U.S. jobs market, saw investors doubt just how much economic headroom the Fed will have to keep raising…

By Peter Nurse Investing.com – The U.S. dollar rose strongly in early European trade Monday as surging oil prices raised inflation concerns, which could prompt the U.S. Federal Reserve to lift interest rates at its next meeting. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.4% higher at 102.560, after earlier breaking past 103 for the first time in a week. The index had dropped 1.8% in March, pressured by concerns that turmoil in the banking sector would hit economic activity, prompting the to pause its monetary tightening cycle…

BERLIN (Reuters) – German companies active in eastern European have called on the government in Berlin to take on more risk and provide increased security for business in Ukraine, particularly for transport. The situation is especially acute when it comes to transport liability insurance as reinsurers have withdrawn from the market, which poses a problem for logistics companies, said Michael Harms, managing director of the German Eastern Business Association. “The federal government has to take on more risk than usual,” Harms said, and it “shouldn’t relieve companies of business risk but should help with creative instruments.” The association’s demand follows…

Electronic products distributor RS Group was the FTSE 100’s biggest faller on Wednesday as it announced a widespread slowing in sales. As 852.6p per share the RS Group share price was last 4.7% lower in midweek trading. Profit To Beat Forecasts The business announced that it expects adjusted operating profit for the financial year to March 2023 “to be slightly ahead of consensus expectations.” Forecasts suggest full-year profits just shy of £3 billion. It commented that “our gross margin improved, benefiting from a one-off price inflation gain and margin optimisation work.” It added that “tight cost control and more targeted…

So far this year, China-based software concern Baidu (BIDU) twice conquered the $159 area – its highest level in more than 12 months – with the most recent trip up the charts taking place in late March. Following that peak, however, BIDU turned in five-straight losses, and was last seen on track for its sixth. Though the shares now sport a fractional year-over-year deficit, traders shouldn’t fret just yet, as they’re now trading near a trendline with historically bullish implications. Specifically, Baidu stock is within one standard deviation of its 50-day moving average. According to data from Schaeffer’s Senior Quantitative…

I spent 10 years in human resources and recruiting roles. Here are my top secrets to negotiate pay that employers don’t want you to know. Women of color too often set lower salary requirements than white men. I saw this firsthand when worked for several financial services firms and tech startups. Now as a money coach, I field questions from fellow women of color like this: “I have been working at this company for several years now. And I know for a fact that I am underpaid for my job. I know this because I do salary ranges for other…

A new rule under SECURE 2.0 creates a great opportunity for IRA owners 70 ½ or older with charitable inclinations to get a prospective valuable tax benefit and keep cash flow. The current law allows a charitable distribution from an IRA for individuals age 70 ½ or older (irrespective of the new Required Minimum Distribution of age 73) to make a distribution of up to $100,000 a year directly to a qualified charity. This is called a Qualified Charitable Distribution, or QCD, and they are fantastic opportunities on their own. Now, SECURE 2.0 has introduced a provision that allows a…

Fresh off its success in thwarting an IRS attempt to cancel two advance pricing agreements, the emboldened Eaton Corp. has filed Tax Court petitions claiming the right to use the APA-approved transfer pricing method indefinitely. According to a pair of Tax Court petitions filed March 3, Eaton has found itself fighting the IRS in court yet again. Less than a year ago, the company came away with a decisive win over the IRS in Eaton Corp. v. Commissioner, 47 F.4th 434 (6th Cir. 2022), aff’g in part, rev’g in part, T.C. Memo. 2017-147. In Eaton, the Tax Court and Sixth…

The U.S. is more of a mortgage-ownership society than a home-ownership society. A 2022 OECD (Organisation for Economic Co-operation and Development) study of 28 countries found the U.S. had the third lowest percentage of households that owned their homes “free and clear” with no mortgages, as “outright owners.” Free-and-Clear Homeownership Rate of Households Lithuania = 83% Slovak Republic = 69% Hungary = 68% Slovenia = 68% Poland = 66% Greece = 63% Latvia = 61% Italy = 60% Estonia = 57% Japan = 48% Spain = 48% Chile = 45% Ireland = 43% Portugal = 43% Luxembourg = 42% Korea…