Meta releases AI model that can check other AI models’ work
By Katie Paul NEW YORK – Facebook (NASDAQ:META) owner Meta said on Friday it was releasing a batch of new AI models from its research division, including a “Self-Taught Evaluator”…
Economy
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Fed’s Bostic says he is in no rush to get rates down to neutral
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation does not stall out above the U.S. central…
Shanghai frenzy fuels alumina’s record-breaking rally: Andy Home
By Andy Home LONDON (Reuters) -Alumina prices have soared to record highs this week, compressing margins at the world’s aluminium smelters which convert the intermediate product into metal. The London…
US equity funds draw big inflows on bank earnings, rate cut hopes
(Reuters) – U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal…
US single-family homebuilding rises to five-month high
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding surged to a five-month high in September, but permits for future construction rose only marginally amid excess supply of new homes…
AmEx quarterly profit exceeds expectations on cost control
(Reuters) -American Express reported third-quarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped soften the hit from a decline in fees it earns from…
Fifth Third Bancorp’s profit falls on higher loan loss provisions
(Reuters) – Fifth Third Bancorp (NASDAQ:FITB) reported a fall in its third-quarter profit on Friday, as the bank set aside more money to cover for potential loan defaults, sending its…
Factbox-Airlines suspend flights as Middle East tensions rise
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of…
Barclays recommends positioning for higher US interest rates. Here’s why
Investing.com — Investors should be positioning for interest rates in the US to be higher in the coming months, according to analysts at Barclays. In a note to clients, the analysts…
CVS to replace CEO Karen Lynch with long-time exec David Joyner
(Reuters) -CVS Health on Friday named company veteran David Joyner as new CEO, succeeding Karen Lynch who stepped down from the helm of the struggling healthcare giant after an agreement…