By Aditya Soni and Abinaya V (Reuters) – OpenAI on Tuesday hit back at Elon Musk’s claims that the startup abandoned its original mission with emails that showed the billionaire supported its plan to create a for-profit entity and wanted a merger that would make Tesla its “cash cow.” Musk, one of the co-founders of […]

By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week’s crop of economic data and remarks from Federal Reserve Chair Jerome Powell. […]

By Rajesh Kumar Singh and Shivansh Tiwary NEW YORK (Reuters) -American Airlines on Monday unveiled its biggest plane order since 2011, buying 260 new jets from Airbus, Boeing and Embraer as it looks to increase earnings by capitalizing on booming demand for premium travel. The deal includes 85 Airbus A321neo jets, 85 Boeing 737 MAX […]

By Nicole Jao NEW YORK (Reuters) -Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply agreements for the second quarter while also weighing fresh U.S., European and Chinese economic data. Brent futures for May settled $1.64 higher, or 2%, at $83.55 a barrel. The April Brent […]

(Reuters) – AMC Entertainment slumped nearly 8% on Thursday as the movie industry continued to reel from the impact of twin Hollywood strikes, driving the theater chain to post a larger-than-expected quarterly loss. The writers and actors’ strikes have crippled much of the industry, leading to fewer releases following the blockbuster summer successes of “Barbie” […]

(Reuters) – Beyond Meat shares soared 60% to a six-month high on Wednesday after the plant-based meat maker placed its bets on price hikes and steep cost cuts to turn around its battered margins, triggering a squeeze on its highly shorted shares. About 37.6% of the company’s free float, or shares worth $172.6 million, were […]

By Samrhitha A (Reuters) -Micron Technology has started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia’s latest chip for artificial intelligence, sending its shares up more than 5% on Monday. The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into […]

By Nicole Jao NEW YORK (Reuters) -Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be delayed by at least two more months. Brent crude futures settled down $2.05, or 2.5%, at $81.62 a barrel, while U.S. West Texas Intermediate […]

By Marc Frank HAVANA (Reuters) – The leader of an association of top U.S. state agriculture officials on Wednesday said his country might want to take advantage of reforms underway in Cuba, possibly through investments. “There seems to be a new Cuba that is emerging and it may represent a pathway toward greater collaboration,” Ted […]