(Reuters) - The Federal Reserve issued a detailed and scathing assessment on Friday of its failures to identify problems and push for fixes at Silicon Valley Bank before the regional U.S. lender's March 10 collapse, and called for stricter rules…
By David Lawder WASHINGTON (Reuters) - Internal Revenue Service Commissioner Danny Werfel on Thursday said the agency will not hire any armed auditors with $80 billion in new funding, an attempt to dispel Republican assertions the IRS plans to build…
By Daniel Wiessner (Reuters) - Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official…
By Doyinsola Oladipo NEW YORK (Reuters) -Major global brands like McDonald's, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers across major economies are still spending despite slowed economic activity. Price increases for soda,…
By Andrew Goudsward WASHINGTON (Reuters) - When the U.S. Supreme Court decides in the coming months whether to weaken a powerful shield protecting internet companies, the ruling also could have implications for rapidly developing technologies like artificial intelligence chatbot ChatGPT.…
By Nichola Groom (Reuters) - U.S. President Joe Biden's plan to challenge China's dominance in solar panel manufacturing hinges in large part on rules his administration will soon release defining what it means for a product to be American-made, according…
By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting the labor market was gradually slowing as the Federal Reserve's year-long interest rate hiking campaign dampens demand. Though measured,…
(Reuters) - The Federal Reserve has “regular discussions” with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions utilize AI for customer service applications, fraud monitoring and underwriting, a top official at the…
By Hyunjoo Jin and Sheila Dang SAN FRANCISCO (Reuters) -Billionaire Elon Musk said on Monday he will launch an artificial intelligence (AI) platform that he calls "TruthGPT" to challenge the offerings from Microsoft and Google. He criticised Microsoft-backed OpenAI, the…
By Clark Mindock NEW YORK (Reuters) -Berkeley, California, cannot ban natural gas hookups in new buildings because a U.S. federal law preempts its rule, a federal appeals court said Monday, siding with a challenge the state's restaurant industry made. The…