Reuters USA

By Diane Bartz WASHINGTON (Reuters) – ChatGPT, a fast-growing artificial intelligence program, has drawn praise for its ability to write answers quickly to a wide range of queries, and attracted U.S. lawmakers’ attention with questions about its impact on national security and education. ChatGPT was estimated to have reached 100 million monthly active users just …

As ChatGPT’s popularity explodes, U.S. lawmakers take an interest Read More »

By Savyata Mishra (Reuters) -Australia’s Star Entertainment Group on Monday warned of an up to A$1.6 billion ($1.11 billion) impairment charge in first-half earnings from a proposed casino duty hike in New South Wales, sending its shares tumbling 22% to a record low. The warning underlines the possible impact of proposed tax rate hikes on …

Star Entertainment warns of up to $1.1 billion earnings hit, shares plumb record low Read More »

(Reuters) – Australia’s Aurizon Holdings on Monday reported a 34% fall in its first-half underlying profit and slashed its annual core earnings forecast, as prolonged wet weather and a derailment dented the rail-haulage firm’s freight volumes. The Queensland-based firm said it lowered the underlying EBITDA forecast for fiscal 2023 by 4% to between A$1.42 billion …

Australia’s Aurizon cuts earnings forecast on prolonged wet weather Read More »

SYDNEY (Reuters) – Australia’s top central banker will face a grilling at parliamentary hearings this week after surprising many with a hawkish turn on interest rate hikes that are adding to already punishing cost of living pressures. Reserve Bank of Australia (RBA) Governor Philip Lowe appears before lawmakers on Wednesday and Friday for hearings into …

Australia’s top central banker to face lawmaker ire over rate hikes Read More »

(Reuters) – Insurance Australia Group reported a 26.7% jump in its first-half cash earnings on Monday, boosted by volume growth across its key businesses that helped offset the ongoing impact of higher inflation on claims costs. The insurance giant said it witnessed its strongest first-half Gross Written Premium (GWP) growth in seven years, up 7.5% …

Australia’s IAG cash earnings jump 27% on growth across key businesses, dividend steady Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. World markets this week will be dominated by U.S. inflation figures on Tuesday, leaving Monday free for investors in Asia to digest the previous session’s action on Wall Street and adjust positioning ahead of the numbers. Indian consumer …

Marketmind: Inflation contemplation Read More »

By Katharine Jackson WASHINGTON (Reuters) -Republicans say they would not cut Social Security and Medicare programs but “everything else is on the table” in talks over raising U.S. government borrowing limits, House Oversight Committee Chair James Comer said on Sunday. “We need to shore those programs up. They’re running out of money. But at the …

Debt talks can include everything but cuts to Social Security and Medicare, Republicans say Read More »

By Maiya Keidan TORONTO (Reuters) – A recent rise in Canada’s shareholder activism faces a reality check next month when a new law that gives more powers to investors to pick board nominees will be put to the test and could spur more campaigns this year, lawyers say. Canada is a perfect environment for activists …

Rise in Canadian shareholder activism faces test next month with new rules in place Read More »