(Reuters) -Rollout of generative AI and agents will reduce Amazon’s total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer wrote in a note to employees on Tuesday. Artificial intelligence is reshaping the global workforce by automating routine and repetitive tasks, and industry leaders expect this to prompt a reduction…
By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve will consider plans to ease leverage requirements on larger banks at a meeting later this month, kicking off what is expected to be a broad effort to reconsider bank rules. The U.S. central bank announced the board meeting, scheduled for June 25, to discuss changes to the…
By Suzanne McGee and Manya Saini (Reuters) -Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media…
KANANASKIS, Alberta (Reuters) -Japan’s Prime Minister Shigeru Ishiba met with U.S. President Donald Trump on the sidelines of the Group of Seven meeting in Canada on Monday as Tokyo urges Washington to drop import auto tariffs that threaten to slow Japan’s economy, the Japanese government said. Ishiba wants Trump to end the 25% auto tariff…
NEW YORK (Reuters) -Renewable power like solar and onshore wind is the least expensive and quickest power generation source to deploy in the United States, even without government subsidies, Lazard said in a report on Monday. The cost to build new gas-fired power plants, meanwhile, has hit a 10-year high amidst the country’s record electricity…
(Reuters) -Executives at OpenAI have discussed accusing the company’s major backer, Microsoft, of anticompetitive behavior during their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter. OpenAI’s effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as…
(Reuters) -Japan and the U.S. on Friday explored the possibility of a trade agreement, Japan’s top tariff negotiator, Ryosei Akazawa, told a briefing, while refraining from commenting how close they are to reaching a deal. “We had a very detailed exchange and explored the possibility of a trade agreement,” Akazawa told reporters after he met…
(Reuters) -Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more upside to prices after Israeli airstrikes on Iran sparked fears of a wider Middle East conflict. Call options grant the holder a right to buy futures contract at the preset price and date, and a…
By Ted Hesson and Marisa Taylor WASHINGTON (Reuters) -U.S. President Donald Trump’s administration has directed immigration officials to largely pause raids on farms, hotels, restaurants and meatpacking plants, according to an internal email reviewed by Reuters, a senior Trump official, and a person familiar with the matter. The order to scale back U.S. Immigration and…
By Tom Bergin, Lawrence Delevingne and Tom Lasseter (Reuters) -Donald Trump reported more than $600 million in income from crypto, golf clubs, licensing and other ventures in a public financial disclosure report released on Friday that provided a glimpse of the vast business holdings of America’s billionaire president. The annual financial disclosure form, which appeared…
