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News
Tech firms hit by AI slowdown call with Fed expected to hike rates
10+ hour, 57+ min ago (676+ words) Tech firms tumbled Monday after leaders of companies at the forefront of the AI boom backed calls for a slowdown in development in the sector amid warnings that it could pose a threat to humanity. The equity market losses were…...
UK PM Burnham to meet business leaders to discuss growth
16+ hour, 12+ min ago (185+ words) LONDON, Sept 13 (Reuters) - British Prime Minister Andy Burnham will meet the bosses of several major companies on Monday to discuss his plans to generate economic growth, his office said. • Burnham will host a reception with the chief executives of companies…...
Anthropic CEO Dario Amodei Calls For A Slowdown In Frontier AI
1+ day, 1+ hour ago (275+ words) Dario Amodei has spent five years arguing that Anthropic could build frontier AI carefully and still win commercially. On Saturday he added a condition to that thesis: the whole industry has to ease off the accelerator. Amodei has been skeptical…...
Bank set to hold interest rates but ‘needs to be ready’ to act on inflation
1+ day, 5+ hour ago (506+ words) The Bank of England is expected to keep interest rates unchanged for the sixth time this year, but experts said it "needs to be ready" to hike rates if energy prices continue to surge. Most economists are expecting the Bank's…...
Should You Buy Walmart Stock After a 14% Decline in Six Months?
3+ day, 11+ hour ago (281+ words) Walmart's 14% six-month slide improves its entry point, but premium valuation, cost pressures and weaker estimates argue for patience. Should You Buy Walmart Stock After a 14% Decline in Six Months? Walmart Inc. WMT shares have lost 14.3% over the past six months,…...
US braces for inflation report that may push Fed to hike rates
3+ day, 12+ hour ago (620+ words) A consumer inflation report due Friday could pave the way towards the US central bank's first interest rate hike in more than three years, as the war with Iran drives energy costs higher. After data this week showed an uptick…...
UK's FTSE 100 Drops; Associated British Foods Leads Fallers
3+ day, 21+ hour ago (65+ words) Yahoo Finance UK UK's FTSE 100 Drops; Associated British Foods Leads Fallers British equities remained in negative territory on Thursday, with the FTSE 100 closing 0.55% lower, as persistent US-Iran attacks on shipping disrupted oil flows through the Strait of Hormuz, keeping Brent…...
Ryanair investors revolt over Michael O’Leary’s £129m pay deal
4+ day, 28+ min ago (354+ words) Budget airline Ryanair has seen more than a third of shareholders vote against pay plans for boss Michael O'Leary that could net him at least 150 million euros (£129 million). The Dublin-based carrier revealed 39% of investors at its annual general meeting failed…...
Myprotein owner cashes in on protein boom but warns of hit from new EU tariffs
4+ day, 4+ hour ago (426+ words) Myprotein owner THG has hailed a "stellar" performance after raising prices and broadening its range of protein products, but said it had been impacted by the EU scrapping tax relief for cheaper imports. In an update on its financial performance…...
Embattled South East Water abandons bond issue as investors flee sector
4+ day, 3+ hour ago (687+ words) One of Britain's most troubled water suppliers has called off plans to raise hundreds of millions of pounds from investors amid the ongoing regulatory and political uncertainty engulfing the industry. Sky News has learnt that South East Water aborted immediate…...