Wall Street opens lower as investors weigh Middle East war risks
March 5 (Reuters) - Wall Street's main indexes opened lower on Thursday as the Middle East conflict entered its sixth day, raising concerns of fresh inflation pressures that could complicate the Federal Reserve's monetary policy decisions. The ...
1h ago
Codelco, Microsoft sign AI deal for mining operations
SANTIAGO, March 5 (Reuters) - Chile's state-owned Codelco, the world's largest copper producer, and Microsoft signed a memorandum of understanding to evaluate joint initiatives in artificial intelligence, advanced analytics, automation and digital se...
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Higher capital goods prices lift US imported inflation in January
WASHINGTON, March 5 (Reuters) - U.S. import prices increased in January as a decline in the cost of energy products was more than offset by a surge in capital goods prices, government data showed on Thursday. Import prices rose 0.2% last month after a...
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Brazil central banker urges serenity in assessing impact of higher oil prices
By Marcela Ayres BRASILIA, March 5 (Reuters) - Brazil's central bank monetary policy director Nilton David said on Thursday the institution would take a measured approach in assessing data after the U.S.-Israeli conflict with Iran drove oil prices hig...
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Fed's Barkin: Sticky inflation, better jobs data could shift the risk outlook for the Fed - BBG TV
WASHINGTON, March 5 (Reuters) - Richmond Fed president Tom Barkin said still high inflation and stronger recent jobs numbers may shift the Fed's risk outlook at a time when the U.S. conflict with Iran could further push up key consumer prices. Fed rate...
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US productivity slows in fourth quarter
WASHINGTON, March 5 (Reuters) - U.S. worker productivity slowed in the fourth quarter, but the trend remained solid, keeping growth in labor costs in check. Nonfarm productivity, which measures hourly output per worker, increased at a 2.8% annualized...
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CVS taps Google Cloud to roll out AI-powered health platform
March 5 (Reuters) - CVS Health will launch an AI-enabled platform in partnership with Alphabet's Google Cloud unit that will bring together data from diverse sources to help customers manage their health in real time, they said on Thursday. Health100...
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Dollar, bonds, or gold - which is the safest haven to hold?
By Niket Nishant, Alun John and Dhara Ranasinghe March 5 (Reuters) - Turmoil in the Middle East has sent investors scrambling for safety once more, reigniting a debate over which assets truly offer protection in times of stress. The choice is complica...
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Analysis-Hungary PM Orban's battery bet turns into election headache
By Gergely Szakacs and Krisztina Fenyo GOD, Hungary, March 5 (Reuters) - Hungarian Prime Minister Viktor Orban's bet on a battery-driven economic upswing appears to have backfired, with the sector mired in a prolonged downturn and environmental concern...
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Amazon launches AI-enabled platform to automate healthcare administrative tasks
By Sahil Pandey March 5 (Reuters) - Amazon's cloud unit, AWS, said on Thursday it had launched an artificial intelligence-enabled platform that aims to ease access to care for patients and cut administrative work for healthcare providers. The agent...
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