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Autonomous technology startup Avride to ramp up testing as part of Uber robotaxi rollout

(Reuters) -Avride said on Thursday it is scaling up the testing of its vehicles in Dallas, as the autonomous technology startup prepares to launch robotaxis on Uber. Autonomous technology companies have been entering into partnerships with ride-hailing and delivery startups to commercialize robotic food deliveries. Avride ...
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Explainer-What does a steep US yield curve mean for banks and the economy?

By Niket Nishant and Manya Saini (Reuters) -The U.S. Treasury yield curve, a crucial barometer of how the economy is doing, has steepened on fears of mounting public debt, President Donald Trump’s attempts to exert control over the Federal Reserve and his aggressive tariff ...
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Brazil’s Vale reopens key mine, plans to invest $12 billion in Minas Gerais

SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it will invest 67 billion reais ($12.36 billion) in its mining operations in Minas Gerais state by 2030, as it held a ceremony to mark the reopening of a key mine in the city of ...
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Average rate on a 30-year mortgage drops to 6.5%, lowest level since last October

The average rate on a 30-year U.S. mortgage fell again this week, extending a recent trend that should give prospective homebuyers more purchasing power. The long-term rate eased to 6.5% from 6.56% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate ...
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Trump says US would be on ‘brink of economic catastrophe’ unless justices rule his tariffs are legal

WASHINGTON (AP) — President Donald Trump is seeking a swift and definitive decision on tariffs from the Supreme Court that he helped shape, saying the country would be on “the brink of economic catastrophe” without the import taxes he has imposed on U.S. rivals ...
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LSD shows promise for reducing anxiety in drugmaker’s midstage study

WASHINGTON (AP) — LSD reduced symptoms of anxiety in a midstage study published Thursday, paving the way for additional testing and possible medical approval of a psychedelic drug that has been banned in the U.S. for more than a half century. The results from drugmaker ...
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Gap to offer beauty and personal care products this fall

(Reuters) -Gap said on Thursday it would expand into the fast-growing beauty and personal care segment this fall season, including some sold under the Old Navy brand. The move by the Banana Republic parent marks a shift in strategy to diversify revenue streams beyond ...
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AI not affecting job market much so far, New York Fed says

By Michael S. Derby NEW YORK (Reuters) -Rising adoption of artificial intelligence technology by firms in the Federal Reserve’s New York district has not been much of a job-killer so far, the regional Fed bank said in a blog on Thursday. “Businesses reported a notable increase ...
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After Giorgio Armani, heirs and foundation to steer fashion empire

By Elisa Anzolin MILAN (Reuters) -Italian designer Giorgio Armani established one of the world’s most famous fashion businesses over the past five decades, and his death announced on Thursday inevitably raises questions about the future of a company whose independence he cherished. Giorgio Armani was the ...
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Remote jobs are hard to get. Workers who did share tips for finding one

NEW YORK (AP) — When Kate Smith worked a 9-to-5 office job, she was burned-out, suffering from daily migraines and thinking, “I can’t do this for the rest of my life.” She didn’t have to. For her next role, Smith landed a remote, full-time ...
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American Eagle soars as teen clothing retailer embraces Sydney Sweeney frenzy

Shares of American Eagle Outfitters spiked 31% at the opening bell Thursday after the teen clothing retailer said the frenzy surrounding its Sydney Sweeney ad campaign drew new customers during its most recent quarter. American Eagle rolled out its new new ad campaign starring ...
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Exclusive-GM cuts output at one of main EV factories, citing weak demand

DETROIT (Reuters) -General Motors is cutting output at one of its main electric-vehicle factories, the latest automaker to pull back on EVs as U.S. President Donald Trump’s administration yanks federal support for green cars. GM will stop production of two electric Cadillac SUVs at its ...
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