General News

(Reuters) - Google will start testing search and shopping ads in its AI-generated answers in the U.S., the Alphabet-owned company said on Tuesday, days after it rolled out the AI Overviews feature widely at its annual I/O conference.

Ads will appear in a 'sponsored' section within AI Overview based on the query's relevance and information, , the company said in a blog post.

Google has been looking to extend its dominance beyond... (continue reading...)

By David Shepardson

WASHINGTON (Reuters) -Apple said on Tuesday it plans to ask a U.S. judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices.

In a letter to U.S. District Judge Julien X. Neals in New Jersey, Apple said "far from being a monopolist, Apple faces fierce competition from well-established rivals,... (continue reading...)

(Updated - May 21, 2024 11:56 AM EDT)

Investing.com -- Main U.S. indexes traded largely flat Tuesday, as investors reacted with caution ahead of more speeches from Federal Reserve officials about the potential for future interest rate cuts.

Here are some of the biggest U.S. stock movers today:

Lowe’s (NYSE: LOW) stock fell 3% despite the home improvement retailer reporting first-quarter net sales that topped expectations, boosted by growth in its online offerings and... (continue reading...)

(Reuters) - Comcast's new streaming bundle, packaging its Peacock service with Netflix and Apple TV+, will cost $15 per month for all Xfinity internet and TV customers, the media and broadband company said on Tuesday.

The new bundle, StreamSaver, is a "companion to broadband" and offers savings of more than 30% to customers, Comcast Cable CEO David Watson said at the J.P. Morgan Technology, Media and Communications Conference.

Customers... (continue reading...)

By Dawn Chmielewski

(Reuters) -Pixar Animation Studios, which produced such classic films as "Toy Story" and "Up," began laying off about 14% of its workforce Tuesday as it scales back development of original streaming series, according to a source familiar with the development.

Approximately 175 people will be affected by job cuts at the Walt Disney Co unit.

The animation studio had hired additional staff to create original... (continue reading...)