Sex, lies and video cams: Andrew Tate turned women into slaves, prosecutors say

BUCHAREST, Feb 2 (Reuters) – The woman from Moldova thought it was love. Internet celebrity Andrew Tate had offered her a new life. They’d even discussed marriage. He asked for only one thing: absolute loyalty. “You must understand that once you are mine, you will be mine forever,” Tate told her on Feb. 4 last … Read more

Samsung’s newest Galaxy S smartphones a test of brand power in weak market

SEOUL/SAN FRANCISCO, Feb 1 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest premium smartphones with a focus on their powerful cameras on Wednesday, in a test of its brand power as the market for mobiles undergoes unprecedented contraction. Analysts said the Galaxy S23 smartphone series, with its cameras and faster chips than its predecessor, could … Read more

Wall Street down but off session lows after Fed rate hike, trading choppy

Fed raises interest rates, sees “ongoing increases” Indexes down: Dow 0.96%, S&P 0.40%, Nasdaq 0.03% Feb 1 (Reuters) – US stock indexes were lower on Wednesday in choppy trade, bouncing off session lows hit when the Federal Reserve increased interest rates by a quarter of a percentage point and said it expects “ongoing increases” in … Read more

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

ChatGPT owner launches ‘imperfect’ tool to detect AI-generated text

Jan 31 (Reuters) – OpenAI, the creator of the popular chatbot ChatGPT, has released a software tool to identify text generated by artificial intelligence, the company said in a blog post on Wednesday. ChatGPT is a free program that generates text in response to a prompt, including articles, essays, jokes and even poetry, which has … 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

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

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

Sony’s gaming chief met EU’s Vestager on Microsoft’s Activision deal -source

BRUSSELS, Jan 26 (Reuters) – Sony’s gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s ( MSFT.O ) $69 billion bid for “Call of Duty” maker Activision Blizzard ( ATVI.O ), a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares … Read more