News
US housing-related stocks drop after downbeat comments from Lowe’s, Home Depot
3+ hour, 8+ min ago (413+ words) NEW YORK, Feb 25 (Reuters) " Shares of U.S. homebuilders and other housing-related companies slumped on Wednesday as home improvement retailer Lowe's said interest rates and other pressures were still weighing "on home sales. Several of the stocks were among the day's biggest…...
Magnum ice cream company to use NotCo AI for new products
5+ mon, 3+ day ago (223+ words) NEW YORK (Reuters) -Unilever's Magnum ice cream business, set to publicly list in November, plans to use Chilean start-up NotCo's artificial intelligence to reformulate products and create new ones. Magnum plans to use NotCo's AI to look at the calories…...
In the Market-How the ghost of ‘transitory’ inflation is haunting the rate debate
7+ mon, 3+ day ago (680+ words) (Reuters) -Joseph Lavorgna, counselor to Treasury Secretary Scott Bessent, believes tariffs are not inflationary and says economists who have been predicting that prices would rise due to President Donald Trump's import duties are wrong. Where many such economists saw effects…...
LG Electronics considers raising some product prices due to tariffs
10+ mon, 1+ day ago (166+ words) SEOUL (Reuters) -LG Electronics said on Thursday it is considering price increases for some products in response to U.S. tariffs and is also reviewing its options for shifting production of home appliances to the United States. "We are optimizing our p... SEOUL…...
China’s DeepSeek frenzy enters the home as TV, vacuum cleaner makers adopt its AI models
11+ mon, 3+ week ago (284+ words) BEIJING (Reuters) - China's joyful embrace of DeepSeek has gone one step deeper - extending to TVs, fridges and robot vacuum cleaners with a slew of home appliance brands announcing that their products will feature the startup's artificial intellig... BEIJING (Reuters) " China's…...