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Nvidia says GAIN AI Act would restrict competition, likens it to AI Diffusion Rule

(Reuters) -Nvidia said on Friday the AI GAIN Act would restrict global competition for advanced chips, with similar effects on the U.S. leadership and economy as the AI Diffusion Rule, which put limits on the computing power countries could have. Short for Guaranteeing Access and ...
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Inflation data looms for markets as stocks hover near records

By Lewis Krauskopf NEW YORK (Reuters) -A spate of inflation data confronts U.S. stock investors in the coming week as markets grapple with fresh uncertainty over tariffs and government bond yields, while equities hover at lofty valuations. The benchmark S&P 500 index closed at a record ...
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YouTube using creators to enhance broadcast of the NFL game between the Chiefs and the Chargers

Patrick Mahomes, Travis Kelce and Andy Reid’s Kansas City Chiefs face Justin Herbert and Jim Harbaugh’s Los Angeles Chargers in the most accessible game to viewers on Friday night in Brazil. It’s the first NFL game streamed on YouTube and there will be plenty of ...
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Explainer-Gold’s record-breaking rally: who’s keeping it going?

By Polina Devitt LONDON (Reuters) -Gold prices hit a record $3,587 per troy ounce on Friday, extending a rally that has boosted them more than 90% since late 2022. Demand is expected to remain robust for some time due to a mix of factors. Central bank ...
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Investors look for more aggressive US rate cuts after weak jobs data

By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) -After a surprisingly weak U.S. payrolls report that underscored that the economy is slowing, investors see the need for accelerated monetary easing, including an increased chance of a jumbo interest rate cut this month.  Heading into Friday’s ...
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Companies tap US bond market for nearly $70 billion, starting September on a busy note

By Matt Tracy WASHINGTON (Reuters) -Investment-grade corporate borrowers tapped U.S. debt markets for nearly $70 billion so far this week, beating forecasts for the Labor Day-shortened first week of September as borrowing costs remain near record lows. At least 54 borrowers sold more than $67 billion ...
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Fed’s Goolsbee says he’s undecided on Sept rate cut, defends Fed independence

(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee, speaking Friday after data showed further job-market weakening, said he is still undecided whether September is the right timing for an interest rate cut, while also defending the need to keep the U.S. central bank ...
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Roblox announces short-form video app, hikes developer earnings

By Zaheer Kachwala (Reuters) -Roblox announced a new short-form video content application and an earnings increase for creators at its developers conference on Friday, looking to ride the wave of strong engagement and lure new users to the videogame platform. The TikTok-style app, called “Roblox Moments,” ...
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Anthropic to pay $1.5 billion to settle lawsuit over pirated chatbot training material

NEW YORK (AP) — Artificial intelligence company Anthropic has agreed to pay $1.5 billion to settle a class-action lawsuit by book authors who say the company took pirated copies of their works to train its chatbot. The landmark settlement, if approved by a judge as ...
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BBVA set to launch 14.9 billion euro hostile bid for Sabadell on Monday

By Jesús Aguado and Emma Pinedo MADRID (Reuters) -Spain’s BBVA said on Friday that its 14.9 billion euro ($17.44 billion) mostly share-based hostile bid for Sabadell is scheduled to begin on Monday, while the target bank’s chairman said the offer was worse than its earlier ...
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Analysis-US bond market may be too sanguine about underlying fiscal, inflation risks

By Davide Barbuscia NEW YORK (Reuters) -Some investors see potential cracks in the U.S. bond market and red flags from recent whipsawing moves, saying the market is underpricing long-term fiscal risks and the danger posed by White House pressure on the central bank to cut ...
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‘I fault myself for not paying more attention,’ Conoco CEO tells employees facing deep job cuts

(Corrects years as CEO to 13 years (not 12 years) in paragraph 6) By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) -ConocoPhillips CEO Ryan Lance told employees on Thursday that one of the reasons he had to cut up to 25% of the workforce ...
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