Noted hawk James Bullard to step down as top Fed official
President of St Louis branch was early advocate for aggressive tightening of monetary policy
Central banks
Rivian investors need a reality check
EV maker has rare shot at joining the big leagues of the global automaking but still faces big challenges
Electric vehicles
Hipgnosis considers sale of music assets in effort to narrow share price discount
Investment trust that pioneered song rights as an asset is under pressure from shareholders to boost valuation
Mergers & Acquisitions
ChatGPT maker investigated by US regulators over AI risks
Federal Trade Commission probes Microsoft-backed OpenAI over potential harm caused by chatbot fabricating information
Artificial intelligence
Hawkish European Central Bank raised prospect of more interest rate raises, minutes show
Concern over inflation staying ‘too high for too long’ dominated June meeting of governing council
Central banks
Should the AI doctor see you now?
Healthcare needs a productivity revolution but not at the expense of patient privacy and safety
Artificial intelligence
Chinese Tesla rival Nio hits out against US protectionism
EV maker’s chief William Li contrasts American stance with red-carpet treatment for Elon Musk in China
Electric vehicles
Swatch sets new half-year sales record as Chinese consumers return
Operating profit up 36% after boom in demand for lower-priced watches
Luxury goods
Google releases chatbot in Europe after addressing privacy concerns
US tech giant delayed its initial Bard launch to improve transparency to comply with regulators
Artificial intelligence