By Casey Hall and Siddharth Cavale NEW YORK (Reuters) -U.S. retailers including Walmart (NYSE:WMT) and several clothing brands are racing to secure China-made merchandise for the busy summer shopping season starting in late May after Washington and Beijing agreed to temporarily slash tariffs. The agreement on Monday to lower U.S. tariffs on shipments from China to 30% from 145% for the next three ...
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, in a clear signal that U.S. President Donald Trump’s trade war is filtering through to the American economy. As a bellwether of U.S. consumer health, Walmart (NYSE:WMT)’s explicit ...
By Anna Tong SAN FRANCISCO (Reuters) -A group that opposed OpenAI’s restructuring wrote in a letter this week that the startup’s new organizational plan still does not go far enough to safeguard the ChatGPT creator from generating dangerous artificial intelligence technology. In the letter dated May 12, submitted to the California and Delaware attorneys-general, members of the ’Not For Priva ...
By Mike Spector and David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department on Friday plans to meet with the victims of two Boeing (NYSE:BA) 737 MAX crashes that killed 346 people in 2018 and 2019 ahead of a June 23 trial date the planemaker faces, according to a letter reviewed by Reuters. Last month, Boeing CEO Kelly Ortberg said the company was in discussions with the Justice Departm ...