(Reuters) - Robinhood Markets jumped in premarket trading on Thursday after reporting record first-quarter revenue and profit thanks to mom-and-pop investors returning to its commission-free platform to trade cryptocurrencies.
Retail trading has been on the road to recovery since bitcoin and U.S. stocks scaled record highs earlier this year, helped by bets of a soft landing for the economy and expectations of interest rate cuts from the Federal... (continue reading...)
TOKYO (Reuters) - Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday.
Infocom parent Teijin Ltd is aiming to sell its entire stake of around 55%, Bloomberg said, citing multiple sources.
($1 = 155.9200 yen)
(Reporting by Anton Bridge; editing by Jason Neely)
A look at the day ahead in U.S. and global markets from Mike Dolan
As Wall Street stalls its recent rally, world markets switched attention to China's on-off recovery and whether the Bank of England's latest policy decision on Thursday may signal that it is ready to ease credit as early as next month.
U.S. stock futures as well as Asian and European equities have turned more subdued generally. But Chinese stocks clearly outperformed overnight... (continue reading...)
By Josh Ye
HONG KONG (Reuters) - The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China and Russia, Reuters has reported.
But China in the past year has built its own domestic generative AI industry and has been urging its companies to avoid foreign technology.
Here is how reliant... (continue reading...)
MOSCOW (Reuters) - President Vladimir Putin has agreed to withdraw Russian forces and border guards from various parts of Armenia, Putin's spokesman was cited as saying on Thursday by the Interfax news agency.
Putin and Armenian Prime Minister Nikol Pashinyan reached an agreement on the issue at a meeting, Kremlin spokesman Dmitry Peskov was cited as saying.
Russian border guards will however remain on Armenia's borders with Turkey and... (continue reading...)
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