Business

Oil rises on concerns over Strait of Hormuz reopening plans

Thursday, August 6 by SRN News

By Helen Clark PERTH, Aug 7 (Reuters) - Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the... Read More.

Asian shares pause for US jobs, oil extends gains on Mideast risk

Thursday, August 6 by SRN News

By Stella Qiu SYDNEY, Aug 7 (Reuters) - Asian shares held their breath on Friday for U.S. jobs data that could prove pivotal for next month's interest-rate decision by the Federal Reserve, while rising oil prices served as a reminder that Middle East tensions remain... Read More.

Dollar drifts higher as traders eye Iran talks ahead of US jobs data

Thursday, August 6 by SRN News

By Kevin Buckland TOKYO, Aug 7 (Reuters) - The dollar drifted higher against the yen and euro on Friday, building on the previous day's gains as doubts about an Iran peace deal buffed the U.S. currency's appeal as a haven. The greenback also drew support from... Read More.

Exclusive-Alibaba plans to charge big users of its next open-source AI model, sources say

Thursday, August 6 by SRN News

By Stephen Nellis and Eduardo Baptista Aug 7 (Reuters) - Chinese technology giant Alibaba plans to ask major users of the next version of its Qwen open-source AI model for a share of revenue they make from the hotly anticipated offering, according to two people... Read More.

Airbnb tops revenue estimates on global travel demand, World Cup boost

Thursday, August 6 by SRN News

By Aishwarya Jain and Doyinsola Oladipo Aug 6 (Reuters) - Vacation rental company Airbnb beat second-quarter revenue estimates on Thursday, helped by strong global demand for travel and a boost from first time users during the FIFA World Cup hosted in the U.S., Canada and... Read More.

MP Materials results beat expectations on rising sales, US price support

Thursday, August 6 by SRN News

Aug 6 (Reuters) - Rare earths producer MP Materials reported second-quarter results on Thursday that beat analysts' expectations due to rising sales and its price support agreement with the U.S. government. The company's shares gained 2.2% to $48.52 in after-hours trading. Rare earths are a group... Read More.

Lyft posts record bookings, but higher promotions fuel profit miss

Thursday, August 6 by SRN News

By Akash Sriram Aug 6 (Reuters) - Lyft beat analysts' revenue estimates for the second quarter on Thursday as a surge in riders and trips lifted bookings to a record, though heavier spending on promotions left net income short of expectations. The ride-hailing services provider has... Read More.

Insurer AIG beats second-quarter profit estimates on robust underwriting

Thursday, August 6 by SRN News

By Manya Saini Aug 6 (Reuters) - Insurance giant AIG beat analysts' estimates for second-quarter profit on Thursday, as strong underwriting gains helped cushion an uptick in catastrophe-related claims. Insurers have had an upbeat first half as higher premiums and disciplined underwriting have better positioned... Read More.

Meta says its AI model hacked another company, adding to worries about bots going rogue

Thursday, August 6 by SRN News

Meta said Thursday that one of its artificial intelligence models accessed the internet on its own and hacked another company, the latest in a series of disclosures about AI models going rogue. In recent weeks OpenAI and Anthropic also have described instances of AI... Read More.

HEADLINES

Thursday, August 6 by SRN News

Meta says its AI model hacked another company, adding to worries about bots going rogue Meta on Thursday said that one of its artificial intelligence models accessed the internet on its own and hacked another company, the latest in a series of disclosures about AI... Read More.

Current Weather

Oil rises on concerns over Strait of Hormuz reopening plans

Asian shares pause for US jobs, oil extends gains on Mideast risk

Dollar drifts higher as traders eye Iran talks ahead of US jobs data

Exclusive-Alibaba plans to charge big users of its next open-source AI model, sources say

Airbnb tops revenue estimates on global travel demand, World Cup boost

MP Materials results beat expectations on rising sales, US price support

Lyft posts record bookings, but higher promotions fuel profit miss

Insurer AIG beats second-quarter profit estimates on robust underwriting

Meta says its AI model hacked another company, adding to worries about bots going rogue

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