Walmart, Home Depot, Capital One-Discover deal: 3 Things

Reuters
KPMG to spend $100 million on AI partnership with Google Cloud
SAN FRANCISCO (Reuters) - - KPMG said on Wednesday it would spend $100 million over the next four years to bolster its enterprise artificial intelligence services through a partnership with Alphabet's Google Cloud. Part of the money will be spent on payments directly to Google, though the majority will be spent on in-house efforts that leverage Google's products, Steve Chase, vice chair of AI and innovation for KPMG, told Reuters in an interview. While Wall Street waits on the technology industry to demonstrate returns commensurate with the billions in capital expenditure it is pouring into AI, professional services providers have become one of the first business beneficiaries of the technology as large businesses tap accounting and consulting firms for help on implementing AI inside their companies and product offerings.
Associated Press
Ford to cut 4,000 jobs in Europe, cites disruptive shift to electric vehicles, economic headwinds
Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford said Wednesday most of the job cuts would come in Germany and would be carried out in consultation with employee representatives. The company said that it would also reduce working time for workers at its Cologne, Germany plant where it makes the Capri and Explorer electric vehicles.
AFP
Ukraine criticises Western allies for embassy closures
Ukraine on Wednesday called on its Western allies not to fuel tension inside the country, after a string of embassies in Kyiv announced they would close, citing the threat of a "massive air attack" on the capital."A terrorist country is conducting a massive information and psychological attack against Ukraine," it said in a statement.
AFP
French farmers lift border blockade after talks with PM
French farmers protesting pay and conditions and a prospective EU-Latin America trade deal on Wednesday lifted a blockade on the Spanish border after an expression of support from Prime Minister Michel Barnier.Resistance has been reinflamed by the prospect of an EU deal with the Mercosur bloc -- Argentina, Brazil, Paraguay and Uruguay -- that would create the world's largest free-trade zone.
USA TODAY
Child treated for suspected bird flu in California; no known exposure to infected animals
It's considered a “possible” case until the positive test is confirmed by the Centers for Disease Control and Prevention, California officials said.
Yahoo Finance
Nvidia to report Q3 earnings today as AI fever continues to power Wall Street
Nvidia will report its Q3 earnings after the bell on today. Here's what is at stake.
Associated Press
Spain will legalize hundreds of thousands of undocumented migrants in the next 3 years
Spain will legalize about 300,000 undocumented migrants a year, starting next May and through 2027, the country's migration minister said Wednesday. The policy aims to expand the aging country’s workforce and allow foreigners living in Spain without proper documentation to obtain work permits and residency. Spain has largely remained open to receiving migrants even as other European nations seek to tighten their borders to illegal crossings and asylum seekers.
AFP
US envoy heading to Israel to press for truce with Hezbollah
US envoy Amos Hochstein announced he would head to Israel on Wednesday after spending two days in Lebanon trying to hammer out a deal for a ceasefire in the war between Israel and Hezbollah.On Wednesday, the army said Israeli fire killed a soldier in south Lebanon, a day after it announced the deaths of three other personnel in a strike.
Associated Press
Pope approves new papal funeral rites to simplify ritual, allow for burial outside the Vatican
Pope Francis has revised the funeral rites that will be used when he dies, simplifying the rituals to emphasize his role as a mere bishop and allowing for burial outside the Vatican in keeping with his wishes. The Vatican newspaper L’Osservatore Romano on Wednesday published details of the updated liturgical book, which Francis approved April 29 and which replaces the previous edition that was last published in 2000. While popes often tinker with the rules regulating the conclave that will elect their successor, a revision of the papal funeral rites became necessary after Emeritus Pope Benedict XVI died on Dec. 31, 2022.
Reuters
Ford to cut 14% of European jobs, blaming EV shift and rising competition
Ford said on Wednesday it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition. The U.S. company is the latest automaker after Nissan, Stellantis and GM to cut costs as the industry struggles with growing competition from Chinese rivals in Europe, waning demand in China, and the challenges of shifting to EVs that remain too expensive for most consumers to buy. Ford said the 4,000 job cuts would be primarily in Germany and the United Kingdom.
Reuters
Climate finance talks face 'hardest' stage as COP29 nears end-game
Climate negotiators were warned on Wednesday that the "hardest part" was about to start in talks over how much money should be provided to developing countries to help them adapt to climate-fuelled weather disasters and transition to cleaner energy. Figuring out what form that funding takes, who pays and how much is central to the COP29 talks. The chief negotiator of the COP29 summit's host Azerbaijan said "now the hardest part begins" ahead of a fresh text which is due to drop at midnight (2000 GMT) in the capital Baku.
CBS News
Target tumbles 20% after its earnings fall short. Here's what happened.
Target stock tumbled almost 20% in pre-market trading after reporting earnings that fell short of forecasts. Here what's going on.
CNN
They relocated to Spain six years ago. Now this couple say they’d be ‘very depressed’ if they ever had to move back to the United States
Gail and Greg Warner left Florida for a new life in Spain in 2018. The couple say there are some things they can’t adjust to, but they’re happy to be off the “hamster wheel” of life back home.
CNN
Netanyahu offers $5 million and safe passage out of Gaza to anyone returning a hostage
“To those who want to leave this entanglement I say: Whoever brings us a hostage will find a safe way out for himself and his family. We will also give $5 million for every hostage,” Netanyahu said.
NBC News
House Ethics Committee to meet on whether to release Matt Gaetz report
The House Ethics Committee will meet on whether to release its report on former Rep. Matt Gaetz, Trump's pick for attorney general, who has been accused of sexual misconduct.
AFP
General strike in Greece against cost of living
Thousands of people demonstrated in Athens and other cities Wednesday as a 24-hour general strike against the rising cost of living shut down public services and part of the transport network.Some 15,000 people marched in the capital, while another 4,000 demonstrated in Greece's second city Thessaloniki, police said.
CNN
Texas officials signal support for adding Bible lessons for K-5 classes as some states push Christianity in public schools
Officials in Texas have backed a controversial new public school curriculum that would incorporate Christian lessons from the Bible as early as kindergarten.
AFP
UN nuclear chief welcomes Iran's 'concrete step' on uranium stockpile
UN atomic watchdog chief Rafael Grossi on Wednesday welcomed Iran's "concrete step" on agreeing to cap its stockpile of highly enriched uranium after Tehran implemented preparatory steps to stop adding to its inventory. According to the IAEA, Tehran is the only non-nuclear weapon state to enrich uranium to 60 percent, a short step from the 90 percent level needed for atomic weapons.
Associated Press
Middle East latest: Israel insists on right to act against Hezbollah in any deal to end fighting
Israel’s defense minister says his country insists on the right to act militarily against Hezbollah in any agreement to end the fighting in Lebanon. Lebanon’s government is likely to view any such demand as an infringement on its sovereignty, complicating efforts to end more than a year of fighting between Israel and Hezbollah that erupted into all-out war in September. Defense Minister Israel Katz said in a statement Wednesday that “the condition for any political settlement in Lebanon is the preservation of the intelligence capability and the preservation of the (Israeli military’s) right to act and protect the citizens of Israel from Hezbollah.”
CNN
Biden administration approves sending anti-personnel mines to Ukraine in another major policy shift
The Biden administration has approved sending anti-personnel mines to Ukraine for the first time in another major policy shift, Secretary of Defense Lloyd Austin confirmed on Wednesday.

Walmart, Home Depot, Capital One-Discover deal: 3 Things

Video Transcript

Latest Stories

KPMG to spend $100 million on AI partnership with Google Cloud

Ford to cut 4,000 jobs in Europe, cites disruptive shift to electric vehicles, economic headwinds

Ukraine criticises Western allies for embassy closures

French farmers lift border blockade after talks with PM

Child treated for suspected bird flu in California; no known exposure to infected animals

Nvidia to report Q3 earnings today as AI fever continues to power Wall Street

Spain will legalize hundreds of thousands of undocumented migrants in the next 3 years

US envoy heading to Israel to press for truce with Hezbollah

Pope approves new papal funeral rites to simplify ritual, allow for burial outside the Vatican

Ford to cut 14% of European jobs, blaming EV shift and rising competition

Climate finance talks face 'hardest' stage as COP29 nears end-game

Target tumbles 20% after its earnings fall short. Here's what happened.

They relocated to Spain six years ago. Now this couple say they’d be ‘very depressed’ if they ever had to move back to the United States

Netanyahu offers $5 million and safe passage out of Gaza to anyone returning a hostage

House Ethics Committee to meet on whether to release Matt Gaetz report

General strike in Greece against cost of living

Texas officials signal support for adding Bible lessons for K-5 classes as some states push Christianity in public schools

UN nuclear chief welcomes Iran's 'concrete step' on uranium stockpile

Middle East latest: Israel insists on right to act against Hezbollah in any deal to end fighting

Biden administration approves sending anti-personnel mines to Ukraine in another major policy shift