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Oracle to spend $700 million more on restructuring costs as it ramps up AI spending

Oracle to spend $700 million more on restructuring costs as it ramps up AI spending

By Deborah Mary Sophia Sept 11 (Reuters) - Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions to capitalize on booming demand for artificial intelligence services.

Kennedy Center on brink of bankruptcy, could close as early as Tuesday, Washington Post reports

Kennedy Center on brink of bankruptcy, could close as early as Tuesday, Washington Post reports

Sept 13 (Reuters) - Leaders of the John F. Kennedy Center for the Performing Arts say it is on the brink of bankruptcy and could close as early as Tuesday, the Washington Post reported on Sunday. The leaders, installed by U.S.

Factbox-Tennis-List of US Open women's singles champions

Factbox-Tennis-List of US Open women's singles champions

NEW YORK, Sept 12 (Reuters) - List of U.S. Open women's singles champions after Elena Rybakina beat Aryna Sabalenka in the final on Saturday: 2026 - Rybakina (Kazakhstan) beat Aryna Sabalenka (Belarus) 6-4 5-7 6-2 2025 - Sabalenka (Belarus) beat Amanda Anisimova (U.S.)

Anthropic CEO urges AI companies to slow model development amid fears over misuse

Anthropic CEO urges AI companies to slow model development amid fears over misuse

Sept 12 (Reuters) - Anthropic CEO Dario Amodei called on AI companies to moderate the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence, outlining a three-step framework intended to pace development and create more time to manage its risks.

Oracle climbs as AI-fueled backlog growth deflects spending worries

Oracle climbs as AI-fueled backlog growth deflects spending worries

By Deborah Mary Sophia Sept 11 (Reuters) - Oracle shares rose 6% before the bell on Friday after it reported a $26 billion jump in first-quarter revenue backlog, proving its massive debt-driven spending spree on data centers was powering strong growth in its cloud business.

Oil set for weekly gain of over 7% on supply disruptions; US diesel hits record high

Oil set for weekly gain of over 7% on supply disruptions; US diesel hits record high

By Anushree Mukherjee Sept 11 (Reuters) - Oil prices slipped on Friday but were still up more than 7% for the week and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears.

Oil set to end week above $100 for first time since mid-May as US diesel hits record high

Oil set to end week above $100 for first time since mid-May as US diesel hits record high

By Anushree Mukherjee Sept 11 (Reuters) - Oil prices slipped on Friday but remained on track to end the week above $100 a barrel for the first time since mid-May and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears.

ECB's hawkish stance prompts calls for further rate hikes

ECB's hawkish stance prompts calls for further rate hikes

By Rashika Singh Sept 10 (Reuters) - Goldman Sachs, Citigroup and Barclays are forecasting the European Central Bank will tighten policy further as a renewed surge in energy prices raises concerns over inflation easing back towards target.

Oil falls but on track for 8% weekly gain on supply concerns; US diesel hits record high

Oil falls but on track for 8% weekly gain on supply concerns; US diesel hits record high

By Anushree Mukherjee Sept 11 (Reuters) - Oil prices fell on Friday but remained on course for a weekly gain of more than 8% while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.

ECB's hawkish stance and rising energy prices prompt expectations of further rate hikes

ECB's hawkish stance and rising energy prices prompt expectations of further rate hikes

By Rashika Singh Sept 10 (Reuters) - Wall Street banks Goldman Sachs and Citigroup, alongside Barclays, expect the European Central Bank to raise interest rates further after Thursday's hawkish policy decision reinforced concerns that inflation could remain elevated for longer.

JPMorgan curbed lending to Situational Awareness after AI losses, source says

JPMorgan curbed lending to Situational Awareness after AI losses, source says

By Anirban Sen and Utkarsh Shetti Sept 11 (Reuters) - JPMorgan Chase cut off lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets led to a near-collapse, a source familiar with the matter told Reuters on Friday.

Oil falls but head for 8% weekly gain on tight supply; US diesel hits record

Oil falls but head for 8% weekly gain on tight supply; US diesel hits record

HOUSTON, Sept 11 (Reuters) - Oil prices fell on Friday but remained on course for a weekly gain of more than 8%, while U.S. diesel prices hit a record high as attacks along Middle East shipping routes stoked concerns about prolonged supply disruptions.