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[adv] US retail sales fall sharply in May
Retail sales fell 0.9% last month after a downwardly revised 0.1% dip in April, the Commerce Department's Census Bureau said on Tuesday.Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, decreasing 0.7% after a previously reported 0.1% gain in Ap .... Read More >>
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Oracle cloud to add xAI's Grok 3 model to lineup for corporate customers
SAN FRANCISCO (Reuters) -Oracle said on Tuesday that its cloud computing division is working with Elon Musk's artificial intelligence firm xAI to offer the startup's latest AI model to business customers.Grok 3, as the model is called, first came out February and aimed to rival the latest offerings from DeepS .... Read More >>
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FEATURED ARTICLETrump says he wants Iran to give up entirely on nuclear weapons
WASHINGTON (Reuters) -U.S. President Donald Trump said he wanted a "real end" to the nuclear problem with Iran, with Iran "giving up entirely" on nuclear weapons, in comments he made to reporters on Air Force One on his way back from the Group of Seven summit in Canada."Giving up entirely," Trump told reporte .... Read More >>
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OTHER HEADLINESXi says China 'deeply worried' about Israel-Iran conflict, urges de-escalation
BEIJING (Reuters) -China is "deeply worried" about Israel's military operation against Iran that has escalated tensions in the Middle East, President Xi Jinping said on Tuesday, in his first public comments on the conflict that erupted last Friday.Xi, speaking on the sidelines of a summit with five Central As .... Read More >>
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Fed policymakers gather amid rising geopolitical risks, unclear tariff impact
WASHINGTON (Reuters) -Federal Reserve policymakers will begin a two-day meeting on Tuesday with escalating tensions in the Middle East risking a new commodity price shock and fresh U.S. data expected to show a drop in retail sales and sluggish factory outputà in May.The U.S. central bank is widely anticipat .... Read More >>
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