Biden moves to slash US credit card fees, app charges

WASHINGTON, Feb 1 (Reuters) – The White House on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc (AAPL.O) and Google parent Alphabet Inc (GOOGL.O) charge on mobile app stores . The move is part of a larger policy drive to promote competition in consumer markets, … Read more

Film academy says it will not disqualify surprise Oscar nominee Riseborough

LOS ANGELES, Jan 31 (Reuters) – Hollywood’s motion picture academy will not revoke the unexpected best actress nomination for “To Leslie” star Andrea Riseborough, the group’s chief executive said on Tuesday after a review of an aggressive campaign on her behalf. Riseborough was nominated for best actress for playing an alcoholic single mother in the … Read more

End of easy-cash era is going to hurt

LONDON, Feb 1 (Reuters) – The end of the easy-cash era is over and its impact has yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high inflation has passed. US and UK central banks are unwinding stimulus further by offloading bonds they hold, and the European Central … Read more

AMD revenue beats targets, Wall St relieved after Intel’s grim outlook

Jan 31 (Reuters) – US chip maker Advanced Micro Devices Inc (AMD.O) on Tuesday posted revenue that beat Wall Street targets and said it expected business to improve in the second half, enthusing investors who saw the company gaining on rival Intel. Shares rose about 1.5% in after hours trading. Although AMD’s forecast was behind … Read more

Alec Baldwin, armorer to be charged over ‘Rust’ shooting

Jan 31 (Reuters) – Actor Alec Baldwin and armorer Hannah Gutierrez-Reed will be charged on Tuesday with involuntary manslaughter for the fatal shooting of cinematographer Halyna Hutchins on the set of Western “Rust” in 2021, a New Mexico prosecutor said. The charges follow 15 months of speculation whether District Attorney Mary Carmack-Altwies would find evidence … Read more

Norway wealth fund posts record $164 billion loss

Loss in 2022 exceeds previous record from 2008 Inflation, geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an end a … Read more

People who posted Sam Bankman-Fried’s bail should be named, US judge rules

NEW YORK, Jan 30 (Reuters) – A US judge on Monday said the names of two people who helped guarantee bail for indicted FTX cryptocurrency exchange founder Sam Bankman-Fried should be made public, but put his ruling on hold pending an expected appeal. US District Judge Lewis Kaplan in Manhattan ruled in favor of several … Read more

Morning Bid: Fasten your seatbelts – Reuters

Morning Bid: Fasten your seatbeltsReuters

China’s Baidu to launch ChatGPT-style bot in March – source

BEIJING, Jan 30 (Reuters) – Chinese internet search major Baidu Inc (9888.HK) is planning to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s ChatGPT in March, a person familiar with the matter told Reuters. The technology firm plans to launch the service as a standalone application and gradually merge it into its search … Read more

America’s hazy chip deal fogs market signals

HONG KONG, Jan 30 (Reuters Breakingviews) – At first glance, Washington’s agreement on Friday with the Netherlands and Japan to suppress some chip-related exports to China looks like a diplomatic win. But the lack of detail suggests the United States still has a way to go to convince allies to sacrifice export revenue in the … Read more