Technology
June 17, 2024
39 views 4 mins 0

AI-Equipped Underwater Drones Helping US Navy Scan for Threats

(Bloomberg) — The US Navy is boosting its deployment of artificial intelligence that automatically detect targets after successfully testing it on underwater drones, according to defense officials. Most Read from Bloomberg The effort from the Pentagon’s Defense Innovation Unit, a California-based office that aims to bring commercial technology into the military, has helped cut in […]

Technology
June 17, 2024
8 views 4 mins 0

Starboard Takes Autodesk Stake to Push Board Change

(Bloomberg) — Activist investor Starboard Value said it’s built a stake in Autodesk Inc. valued at more than $500 million and plans to push for changes to the board because of concerns about the software company’s performance and how it handled an accounting probe. Most Read from Bloomberg Starboard said it met with executives to […]

Technology
June 17, 2024
52 views 6 mins 0

Morning Bid: Buoyant US eyes French angst, China home woes

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks and bonds remained relatively buoyant after last week’s action-packed macro week with world markets drawn more to French political uncertainty and the deepening Chinese homeprice bust. With trouble brewing overseas, Wall Street stock futures held the line close […]

Technology
June 17, 2024
48 views 6 mins 0

US farmers shun buyers, cling to unsold corn as prices slump

By P.J. Huffstutter and Karl Plume CHICAGO (Reuters) – South Dakota farmer Eric Kroupa received a flurry of calls from grain dealers and ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to […]

Technology
June 17, 2024
41 views 7 mins 0

Analysis-Global gasoline refining margins slump on slow summer driving season

By Shariq Khan, Mohi Narayan and Ahmad Ghaddar NEW YORK/NEW DELHI/LONDON (Reuters) – Oil refiners are making less money selling their gasoline as demand during the peak summer driving season has fallen short of what they expected when many of them boosted production. Softness in gasoline markets have upended years of record profits on selling […]

Technology
June 17, 2024
45 views 4 mins 0

Paytm Is in Talks With Zomato to Sell Movie Ticketing Business

(Bloomberg) — Paytm is in talks to sell its movie and ticketing business to Zomato Ltd., as the Indian fintech pioneer seeks to unload non-core assets and revive sales hurt by a regulatory crackdown. Most Read from Bloomberg The fintech firm is considering a potential transfer of its entertainment business but has yet to enter […]

Technology
June 17, 2024
22 views 3 mins 0

Oil steady as downbeat Chinese data offset demand hopes

By Alex Lawler LONDON – Oil was steady on Monday after Chinese economic data underscoring a bumpy recovery for the world’s biggest crude importer offset hopes for a boost to demand from the summer driving season in the northern hemisphere. Apart from retail sales that beat forecasts due to a holiday boost, the flurry of […]

Technology
June 17, 2024
47 views 2 mins 0

Oil prices inch down on weaker US consumer demand ahead of China data

By Colleen Howe Oil prices slipped in early Asian trading on Monday after a survey on Friday showed weaker U.S. consumer demand and as traders awaited the release of key economic data from China, the world’s biggest crude importer. Global benchmark Brent crude futures were down 15 cents, or 0.18%, at $82.47 per barrel at […]

Technology
June 17, 2024
41 views 3 mins 0

Microsoft’s Japan Chief Sees Country Accelerating Its Use of AI

(Bloomberg) — Japan has been one of the fastest countries to embrace the use of new artificial intelligence tools and has the potential to accelerate its economy and tech sector by going further, according to Microsoft Japan President Miki Tsusaka. Most Read from Bloomberg The country’s digitalization push got a boost during the pandemic as […]

Technology
June 16, 2024
43 views 6 mins 0

MAGA hat wearers use tech software too: Morning Brief

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: I come to you today from a hotel room at the Cannes Lions advertising festival in France, readying to drop a ton of on-air, investor-friendly content for Yahoo Finance this week alongside esteemed […]

Technology
June 15, 2024
46 views 9 mins 0

What’s next for Tesla’s stock as shareholders and Wall Street pros weigh in

Though Tesla (TSLA) shareholders voted to reinstate Elon Musk’s pay package on Thursday afternoon, some investors and analysts told Yahoo Finance they remain skeptical. “The whole thing is a game of chicken and the shareholders blinked,” early Tesla investor Ibrahim AlHusseini said. “Fear of loss is a big motivator and Elon wielded that psychological mechanism […]