General News

(Reuters) - NYSE American Options said on Tuesday it had resolved a proprietary market data issue that had impacted a subset of symbols on a trading unit for about 15 minutes.

(Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)

By Stephen Nellis

(Reuters) - Microsoft on Tuesday said it will introduce new artificial intelligence tools for customer service call centers.

Microsoft, which has backed ChatGPT creator OpenAI, is taking AI technology into a number of fields of the business world with what it calls Copilot technology, which is capable of summarizing emails and crafting PowerPoint slides as part of the company's Office software package.

But... (continue reading...)

UBS analysts believe stocks are poised for a rally, citing three main reasons: a supportive macro environment, robust profit growth, and AI spending unlocking value.

First, UBS highlights a supportive macro environment, noting, "data over the past few weeks shows the economy is cooling, which increases the likelihood of a Fed pivot before year-end."

Real GDP for Q1 2024 was revised down to 1.3%, indicating a slowing economy that could prompt rate cuts. UBS adds that... (continue reading...)

Elon Musk reportedly directed Nvidia (NASDAQ: NVDA) to prioritize processor shipments for X and xAI over Tesla (NASDAQ: TSLA), according to insider emails obtained by CNBC.

Internal correspondence from Nvidia senior staff suggests Musk exaggerated Tesla’s procurement status to shareholders. Moreover, Musk diverted a large shipment of AI processors meant for Tesla to his social media company X, formerly known as Twitter.

Tesla shares fell 0.6% at the market open... (continue reading...)

BERLIN (Reuters) - Electic vehicle maker Tesla will stop production at its German plant in Gruenheide for five days in June to improve processes in the factory outside Berlin, a spokesperson said on Tuesday.

Confirming a report by business daily Handelsblatt, the spokesperson said Tesla would pause production in the vehicle production and powertrain areas on June 7, 14, 17, 27 and 28.

Tesla has already paused production at the site twice... (continue reading...)