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Trending: Gas prices are falling despite the Iran war’s impact. Will it last?
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ECB to ask banks for targeted measures to counter AI risk

FRANKFURT, June 3 (Reuters) - The European Central Bank met commercial lenders last week to discuss the potential threat from the newest artificial intelligence models and will follow up with demands for practical defence measures, board member Frank Elderson ...
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Analysis-High-profile Meta AI chatbot breach spotlights security risks of automation

By Deborah Mary Sophia and Jaspreet Singh June 3 (Reuters) - An Instagram hack that saw attackers talk Meta's AI support chatbot into handing over access to high-profile accounts has exposed a critical flaw at the heart of the company's ...
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Analysis-AI building boom ripples through inflation-hit Treasury market

By Karen Brettell June 3 (Reuters) - The artificial-intelligence boom already has fueled a record stock-market surge. Now it's driving up long-term Treasury yields too. Meta Platforms, Oracle and other technology companies have raised $250 billion in debt markets globally this ...
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When IPOs go wrong: SpaceX, AI firms face a delicate process

By Greg Bensinger SAN FRANCISCO, June 3 (Reuters) - Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put ...
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Analysis-Guilty verdict against Andrew Left to shake up activist short-selling playbook

By Saqib Iqbal Ahmed and Michelle Price NEW YORK, June 3 (Reuters) - A U.S. jury's fraud conviction of prominent investor Andrew Left this week could rewrite the playbook for activist short sellers, raising fresh questions about the line between ...
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Analysis-US tech stocks’ market dominance reaches new heights and presents new risks

By Lewis Krauskopf NEW YORK, June 3 (Reuters) - The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group - and more vulnerable should those market leaders trip up. With stunning gains over ...
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UK orders Google to allow publishers to opt out of AI scraping for search summaries

LONDON (AP) - Google must allow news sites to opt out of having their online content scraped to feed AI overviews and other artificial intelligence services and features for British users, regulators said Wednesday. The Competition and Markets Authority ...
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George Santos reported to prosecutors over suspicious Kalshi trades, AP source says

NEW YORK (AP) - A prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Donald Trump's State of the Union address, then bet against his own attendance, according to a ...
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BlackRock’s Atlas freezes $1 billion in Brazil renewables investments

By Sudarshan Varadhan and Colleen Howe SHANGHAI, June 3 (Reuters) - Atlas Renewable Energy, one of South America's largest clean power generators, has put plans for $1 billion in new investments in Brazil on hold as the national grid operator ...
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KPMG Australia COO steps aside amid growing audit client leak scandal

By Christine Chen SYDNEY, June 3 (Reuters) - KPMG Australia's chief operating officer stepped aside from her executive role on Wednesday, the accounting firm said, in the latest fallout from a growing scandal over allegations it misused client information to ...
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Zara owner Inditex defies consumer gloom with strong early summer sales

By Helen Reid June 3 (Reuters) - Zara owner Inditex reported a strong start to summer trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating analyst expectations, even as Iran war inflation worries dent consumer confidence. The strong ...
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Morning Bid: Marvell, a fitting name for the latest AI darling

A look at the day ahead in European and global markets from Tom Westbrook Notwithstanding fresh hostilities in the Middle East, AI shares drove equity markets in Asia to new records on Wednesday. [MKTS/GLOB] AI kingmaker Jensen Huang - the CEO ...
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