GM Slashes Chevrolet Bolt Production Plans by 75%
General Motors is producing about 75% fewer Chevrolet Bolt electric vehicles than originally planned, with the Kansas City-area plant now expected to make roughly 35,000 units before production ends in the first quarter of...
Anthropic Eyes $2 Trillion Valuation as AI Ambitions Drive Massive Costs
Anthropic is preparing for a potential blockbuster IPO that could value the artificial intelligence startup at more than $2 trillion, according to its IPO prospectus reviewed by Reuters. The company reported revenue of nearly...
Prediction Markets’ Expansion Into US Stocks Sparks Regulatory Concerns
Prediction markets are rapidly expanding into US stocks and corporate events, raising concerns over investor protection and regulatory oversight, according to independent data and legal experts. Platforms such as Polymarket and Kalshi, initially known...
UK Tribunal Revives Part of Consumer Lawsuit Against Apple and Amazon
Britain’s Competition Appeal Tribunal has allowed part of a revived consumer lawsuit against Apple and Amazon to proceed over allegations that the companies restricted competition in the sale of Apple and Beats products on...
American Express Expands Global Card Acceptance to Over 190 Million Merchant Locations
American Express said on Monday that its cards can now be used at more than 190 million merchant locations worldwide, with acceptance outside the United States more than doubling over the past four years....
Nvidia Boosts Buyback Plan by $150 Billion, Setting Record
Nvidia has increased its share repurchase authorization by $150 billion, surpassing Apple’s $110 billion approval in 2024 and marking the largest-ever increase in a stock buyback programme. The additional authorization takes Nvidia’s remaining buyback...
US, China Agree to Cut Tariffs on $60 Billion in Goods
China and the United States have agreed to reduce tariffs on $60 billion worth of goods traded between the two countries, covering products ranging from US agricultural commodities, seafood and cosmetics to Chinese household...
EU Vote on Tesla’s Supervised FSD System Delayed Until December
A European Union vote on whether to allow Tesla’s supervised Full Self-Driving (FSD) system across the bloc has been pushed back, with the earliest apparent opportunity for a decision now in December. The agenda...
Americans Turn to Costlier Alternatives as Obamacare Coverage Becomes Unaffordable
Rising premiums and deductibles are pushing millions of Americans out of Affordable Care Act marketplace plans, leaving many to seek cheaper but less comprehensive alternatives or go without insurance. Self-employed photographer Stacy Cox, 49,...
Microsoft Expands Copilot With Coding and AI Agent Tools
Microsoft on Friday unveiled new capabilities for its Copilot app, including a coding tool and an always-on artificial intelligence agent, as the software giant seeks to turn its AI assistant into a one-stop workplace...