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Investing.com — U.S. stocks are set to be shuttered for Thanksgiving festivities, after equities on Wall Street gained in the last full day of trading this week on Wednesday. Meanwhile, oil prices extend declines after OPEC+ unexpectedly delayed a much-anticipated output policy meeting. Elsewhere, Reuters reports that staff researchers at OpenAI had warned of the risks of a new artificial intelligence breakthrough prior to the temporary dismissal of chief executive Sam Altman.

By Amanda Cooper

By Jorge Otaola

OpenAI saga over the past week has brought attention to artificial general intelligence (AGI), especially with the revelations in a Reuters report that several researchers at the company had warned its board of a «powerful artificial intelligence discovery that they said could threaten humanity». So, what is AGI, how is it different from generative AI that powers OpenAI’s ChatGPT and what's at stake? An ET explainer:

Oil India Limited (OIL) and and private sector producers contributed 0.3 MMT and 0.6 MMT, data released by the Oil Ministry showed. India's crude oil imports rose in October, after falling in the previous four months, as the world's third biggest oil importer and consumer shipped in more fuel to meet winter demand. According to PPAC data, crude oil imports increased by 2.2 per cent and by 0.6 per cent during October 2023 and April-October 2023 respectively, compared to the corresponding period of the previous year.

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₹15,835 c rore) for financing green projects of HPCL via issuance of preferential shares. Reuters claimed that two sources close with the developments have informed about the bail out plan. The oil ministry is awaiting a response from the finance ministry on the plan for ONGC to launch a rights issue, one of the sources said, claimed Reuters.

rising prices and as refiners face negative margins after making heavy imports in the past few months, industry officials told Reuters on Thursday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures which are trading near their highest in level in two months. «Traders are attempting to liquidate stocks accumulated at ports due to aggressive imports in recent months,» Rajesh Patel, managing partner at edible oil trader and broker GGN Research told Reuters. «Currently, there's no import parity. Older imported stocks are being offered at lower prices compared to the price of new shipments.» The landed cost of crude palm oil for December shipments on the west coast without import taxes is 77,500 rupees per metric ton, whereas already imported oil is being offered at 76,500 rupees, traders said. Higher imports during July to September lifted vegetable oil stocks in India to 3.3 million tons on Nov.

PRAGUE (Reuters) -Czech gunmaker Colt CZ Group has made an offer to Vista Outdoor (NYSE:VSTO), valuing the U.S. sporting and outdoor goods group at about $1.7 billion, according to Reuters calculations.

By Tito Correa, Nyasha Chingono and Miguel Lo Bianco

By Anna Tong, Jeffrey Dastin and Krystal Hu

satellite launch rocket exploded after separation on Tuesday, video captured by an South Korean astronomy observatory showed, in what some analysts said may have been deliberate destruction to prevent recovery. North Korea launched its first spy satellite into orbit on Tuesday, after two previous attempts this year ended with the rockets crashing during flight. The video was filmed by a camera South Korea's Yonsei University uses for watching meteors. Analysts said it shows the Chollima-1 rocket crossing the sky, and a stage separating.

In a market buzzing with anticipation and regulatory crosswinds, Bitcoin has once again captured the spotlight, soaring past the $37,000 mark. This latest surge, marked by a nearly 2.75% to $37,353 on Thursday, comes amidst a backdrop of thin holiday trading and a strengthening dollar.

Financial Times first reported the plot. Following this, Indian officials expressed "surprise and concern" when they were informed about the incident, said White House spokesperson Adrienne Watson. “We are treating this issue with utmost seriousness, and it has been raised by the US government with the Indian government, including at the senior-most levels." "They stated that activity of this nature was not their policy ...

Prosecutors are pressing a federal judge to prevent former Binance CEO Changpeng Zhao from leaving the United States before his scheduled sentencing hearing on February 23, 2024.

New York alleged that Jimmy Iovine, 70, took part in “multiple instances of sexual abuse and forcible touching of her, including a specific incident of sexual misconduct" that occurred in New York City in August 2007. A lawsuit is expected by the end of the year, but no additional details were provided in the legal filing. Unspecified damages are also sought for alleged sexual harassment by the woman, according to a report by Rolling Stones.

US foils bid to kill Sikh terrorist Gurpatwant Singh Pannun, warns India: Report Responding to media queries on reports of discussions between India and the US on security matters, Ministry of External Affairs spokesperson Arindam Bagchi said India takes such inputs seriously since it impinges on its own security interests as well. He added that Washington had shared "some inputs" that were being "examined by "relevant departments." He said the inputs are the cause of concern for both countries and necessary follow-up action is being taken.

Also Read: OpenAI researchers sent letter warning of AI threat ahead of Sam Altman's ouster Nvidia forecast adjusted gross margins of 75.5% for the fourth quarter, above analyst estimates of 72.64%. Nvidia forecast current-quarter revenue of $20 billion, plus or minus 2%.

highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. Much will depend on interest rate expectations now central banks are mostly done with a season of aggressive rate rises since the COVID pandemic to dampen a burst of inflation still not completely under control. Traders and analysts mostly assume the U.S. Federal Reserve will be cutting interest rates by the middle of next year, an outcome that is far from certain and does not clearly align with policy statements from top central bankers.

Key Advisors Wealth Management co-founder and CEO Eddie Ghabour discusses the state of the consumer ahead of the 2023 holiday shopping season on 'Varney & Co.'