Stocks News

(Reuters) – Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in training of systems more powerful than GPT-4, they said in an open letter, citing potential risks to society and humanity.

By Martin Coulter LONDON (Reuters) – Four artificial intelligence experts have expressed concern after their work was cited in an open letter – co-signed by Elon Musk – demanding an urgent pause in research.

US labor market: Private sector gains, annual pay up, but economy slows.

BASEL (Reuters) – UBS shareholders voted to re-elect Colm Kelleher as chairman at the Swiss bank’s annual general meeting on Wednesday.

(Reuters) – Barry Callebaut, the world’s biggest chocolate maker, on Wednesday reported lower half year sales volumes due to limited availability of its global brands and lower customer demand due by inflation.

By Ross Kerber BOSTON (Reuters) – New York City pension leaders will press external fund managers, including private market fund managers, on Wednesday for details on their plans to cut greenhouse gas emissions, officials said.

A look at the day ahead in U.S. and global markets from Mike Dolan

MONTREAL (Reuters) – Honeywell International on Wednesday will announce a first deal for its most powerful generator, which would power a European-Canadian startup’s hybrid electric cargo airship.

(Reuters) – Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday.

By Medha Singh and Lisa Pauline Mattackal

BANGKOK (Reuters) – Political parties in Thailand have until Friday to submit the names of their prime ministerial candidates ahead of a May 14 general election.

SAO PAULO (Reuters) – Uber Technologies Inc on Wednesday announced a deal with Brazilian bike-sharing company Tembici to make electric and common bicycles available on its app in Latin America amid a push for greener initiatives.

BERN (Reuters) – Switzerland’s financial regulator FINMA called for more power to penalise and name and shame banks that break the rules, following the collapse of the country’s second-biggest bank, Credit Suisse.

(Reuters) – New car registrations in the United Kingdom rose for the eighth consecutive month in March, recording a more than 17% rise from a year earlier, according to preliminary industry data released on Wednesday.

BASEL (Reuters) – UBS’s Chairman told the bank’s annual shareholder meeting on Wednesday that the takeover of rival Credit Suisse was a significant milestone for Switzerland and for the global financial industry.

COPENHAGEN (Reuters) – Sweden-based Volvo Car AB said on Wednesday its sales increased by 10% year-on-year in March to 162,938 cars, helped mainly by the company’s fully electric cars.

(Reuters) – French catering and food services group Sodexo plans to spin-off and list its Benefits & Rewards Services (BRS) business during 2024, it said on Wednesday.

LOS ANGELES (Reuters) – FedEx Corp on Wednesday will lay out the next steps in its plan to slash $4 billion in permanent costs by the end of fiscal 2025.

By Sinead Cruise, Shankar Ramakrishnan and Valentina Za

TAOYUAN, Taiwan (Reuters) – Foxconn founder Terry Gou said on Wednesday he would strive to be the presidential candidate for Taiwan’s main opposition KMT party in elections due early next year.