Reuters | June 8, 2023
By Foo Yun Chee BRUSSELS (Reuters) -EU industry chief Thierry Breton will meet Meta Platforms Chief Executive Mark Zuckerberg on June 23 and demand that he act immediately to tackle content targeting children, as Meta’s voluntary child protection code seemed not to be working. Social media platforms such as Meta’s Instagram, ByteDance’s TikTok, Snap’s Snapchat […]
Reuters | June 6, 2023
By Katherine Masters NEW YORK (Reuters) – Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year. U.S. shoppers’ spending in the summer ahead of the college and K-12 school year has grown […]
Reuters | June 4, 2023
By Lewis Krauskopf NEW YORK (Reuters) -As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride. A record $8.5 billion flowed into tech stocks in the latest week, data from BofA Global […]
Reuters | June 2, 2023
By Clark Mindock (Reuters) – Chemours Co, DuPont de Nemours Inc and Corteva Inc on Friday said they had reached an agreement in principle to settle claims that they contaminated U.S. public water systems with toxic “forever chemicals” for $1.19 billion. The three chemical companies and several others are facing thousands of lawsuits in the […]
Reuters | June 1, 2023
By David Morgan, Richard Cowan and Moira Warburton WASHINGTON (Reuters) – A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to […]
Reuters | May 26, 2023
A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom unfolds, there’s light at the end of the U.S. debt ceiling saga – only markets now reckon the Federal Reserve will tighten policy even further this summer. Investors juggled these three strands over the past […]
Reuters | May 26, 2023
By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation alert issued Wednesday revealed the […]
Reuters | May 23, 2023
By Joey Roulette WASHINGTON (Reuters) -Richard Branson’s bankrupt satellite launch firm, Virgin Orbit, on Tuesday revealed that it was closing for good after a $36.4 million asset sale, including an agreement to sell the bulk of its Long Beach, California, headquarters to small-launch firm Rocket Lab USA Inc. Rocket Lab, the seasoned small-rocket company whose […]
Reuters | May 23, 2023
By Jonathan Stempel (Reuters) – A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, U.S. District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked […]
Reuters | May 22, 2023
WASHINGTON (Reuters) – Lawyers for Florida Governor Ron DeSantis, a Republican mulling a 2024 presidential run, are asking that a federal judge be disqualified from overseeing a dispute between DeSantis and Walt Disney Co, questioning the judge’s impartiality in the case. Lawyers for DeSantis, who is being sued for allegedly targeting Disney for company leadership’s […]
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