By Anna Tong, Jeffrey Dastin
SAN FRANCISCO (Reuters) -Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world.
The milestone, which projects the company's current sales over the course of a year, is a significant jump from December 2024 when the metric was nearly $1 billion, the sources... (continue reading...)
Investing.com -- The California State Senate has initiated an investigation into Paramount, following allegations that the network may have breached state laws pertaining to bribery and unfair competition. The probe was reported by Semafor on Friday.
The investigation was triggered by reports of Paramount’s offer of $15 million to President Donald Trump’s 2024 campaign. This was purportedly to settle a lawsuit that was brought against CBS over an edited interview with... (continue reading...)
DUBAI (Reuters) -U.S. President Donald Trump's threat to destroy Iran's nuclear facilities is a clear red line and will have severe consequences, the semi-official Fars News Agency reported on Friday.
"If U.S. seeks a diplomatic solution, it must abandon the language of threats and sanctions," an unnamed Iranian official said, adding that such threats "are open hostility against Iran's national interests."
Trump told reporters on Wednesday at... (continue reading...)
Investing.com -- Major averages, including the S&P 500, faced a downturn on Friday, falling 1% in response to reports of the US planning to expand technology sanctions against China. The proposed measures aim to target subsidiaries of Chinese companies currently under US restrictions, signaling an escalation in the ongoing tensions between the two economic powerhouses.
The sell-off in the markets was primarily driven by news from Bloomberg indicating that the Trump... (continue reading...)
Trump: The Democrat inspired and “controlled” Congressional Budget Office (CBO) purposefully gave us an EXTREMELY LOW level of Growth, 1.8% over 10 years. How ridiculous and unpatriotic is that! They did the same thing to us in 2017, and we DOUBLED their numbers. The information they recently released is even more absurd and indefensible. I predict we will do 3, 4, or even 5 times the amount they purposefully “allotted” to us (1.8%) and, with just our minimum expected... (continue reading...)
More General News
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US axes 24 clean energy projects, including at Exxon's Baytown
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US Supreme Court lets Trump revoke humanitarian legal status for migrants
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Goldman Sachs initiates coverage of medtech stocks Insulet and Dexcom at Buy
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TSX falls marginally on U.S.-China talks stalling, despite GDP growth
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Gunvor and Azerbaijan’s SOCAR reportedly competing to acquire Italiana Petroli
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US inflation tepid in April, consumer spending slows
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US consumers pulling back spending; inflation slowing for now
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Trump says China violated agreement with U.S.
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Trump accuses China of violating trade deal, doubles steel and aluminum tariffs
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OPEC+ reportedly considering bigger oil output increase in July
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UBS: Bull case scenario for global stock market gaining traction
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US equity funds see weekly redemptions on trade tensions
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Oil price outlook weakens on OPEC+ hikes, lingering trade concerns: Reuters poll
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Barclays warns the stock market could be getting complacent at these valuations
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China to allocate $70 billion in capital for new infrastructure projects
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Global equity funds see second weekly outflow on tariff concerns
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Trump's sweeping tax-cut bill includes provision to weaken court powers
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Nvidia, Dell to supply next US Department of Energy supercomputer
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Federal court pauses ruling blocking Trump’s global tariffs
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Ford head says GOP tax bill provision could 'imperil' battery factory
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Wells Fargo moves closer to lifting asset cap after US regulator closes consent order
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Capital Economics still sees global growth below 3% this year
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Fed Governor Kugler monitoring markets amid trade shifts, dollar concerns
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Trump personally told Fed Chair Powell it was a mistake to not lower rates, White House says
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Business Insider cuts 21% of workforce, memo shows
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Fed's Goolsbee: if tariffs are avoided, policy rate can come down
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Paramount cut to Neutral at Citi
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Boeing CEO says company is 'pretty confident' it is ready to increase 737 MAX output
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New York Times partners with Amazon for first AI licensing deal
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US labor market showing cracks; corporate profits post largest drop since 2020
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New Street Sees Arista Networks (ANET) Benefiting from NVDA Share Loss in AI Networking
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Intellia stock tumbles on safety concerns
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Germany weighs 10% tax on online platforms like Google
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Citi: U.S. stocks now least preferred among global asset managers
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JetBlue, United tie up to let passengers book on both websites
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Chip stocks rise as Nvidia eases China demand concerns
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Stellantis' newly appointed CEO chooses Europe for first leg of company tour
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Hormel Foods reports in-line Q2 earnings, narrows full-year outlook
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Trump's tariffs to remain in effect after appeals court grants stay
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Xiaomi's Tesla Y rival YU7 hits showrooms in Beijing
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FTC Says Synopsys, Ansys Must Sell Assets For Merger To Proceed - Bloomberg
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CMS Launches Oversight Initiative on Hospitals Performing Experimental Sex Trait Modification Procedures
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Tesla targets June 12 launch for robotaxi service in Austin, Bloomberg News reports
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SentinelOne cuts annual revenue forecast, shares fall
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Nvidia shares rise as sales hit from China export curbs not as bad as feared
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Musk opposed Abu Dhabi AI data center deal that he thought favors Altman, says WSJ
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Tesla stock rises on robotaxi service launch plans
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Hailey Bieber sells makeup brand Rhode to Elf Beauty in $1 billion deal
