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Reuters - 3 uur geleden

Musk’s Twitter markdown falls short of the mark

BREAKINGVIEWS-Musk’s Twitter markdown falls short of the mark The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Lauren Silva Laughlin NEW YORK, March 27 (Reuters Breakingviews) - Elon Musk is being characteristically optimistic. The billionaire owner of Twitter has offered stock grants to the social media app’s shrunken staff at a valuation of about $20 billion, less than half the price he paid in October.

Reuters - 4 uur geleden

Wall St off session highs as investors weigh bank risks after SVB deal

US STOCKS-Wall St off session highs as investors weigh bank risks after SVB deal For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. First Citizens to buy SVB assets; shares jump Other regional banks pare gains Tesla gains as Barclays forecasts upbeat deliveries Indexes mixed: Dow up 0.57%, S&P up 0.2, Nasdaq down 0.39% Updates prices, adds comment By Amruta Khandekar and Ankika Biswas March 27 (Reuters) - Wall Street's main indexes c ut ga

Reuters - 6 uur geleden

Wall Street gains as banking crisis worries ease after SVB deal

US STOCKS-Wall Street gains as banking crisis worries ease after SVB deal For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. First Citizens to buy SVB assets; shares jump Regional, large bank stocks jump Tesla gains as Barclays forecasts upbeat deliveries Indexes up: Dow 0.88%, S&P 0.68%, Nasdaq 0.29% Updates prices to open; adds details, comments By Amruta Khandekar and Ankika Biswas March 27 (Reuters) - Wall Street's main indexes climbed

Reuters - 6 uur geleden

Housing market in tech hubs cooling faster than other parts of report

Housing market in tech hubs cooling faster than other parts of US - report March 27 (Reuters) - Housing markets in tech hubs are cooling more rapidly than other parts of the United States amid a wave of layoffs in the technology sector and elevated mortgage rates, according to real estate broker Redfin Corp's RDFN.O report on Monday. Decades-high inflation leading to interest rate hikes, weak consumer demand and the possibility of an economic slowdown have forced big tech firms such as Amazon.co

Reuters - 11 uur geleden

How First Republic's courtship of the wealthy led to meltdown

FOCUS-How First Republic's courtship of the wealthy led to meltdown By Lawrence Delevingne March 27 (Reuters) - First Republic Bank FRC.N became the epicenter of the U.S. regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left the bank reeling. Wall Street's top banks, led by JPMorgan Chase & Co JPM.N , have been trying for more than a week to raise capital for San Francisco-based First Republic after giving it $30 billion i

Reuters - 3 dagen geleden

Intel co-founder Gordon Moore, prophet of the rise of the PC, dies at 94

UPDATE 3-Intel co-founder Gordon Moore, prophet of the rise of the PC, dies at 94 Adds comment from TSMC founder By Noel Randewich SAN FRANCISCO, March 24 (Reuters) - Intel Corp INTC.O co-founder Gordon Moore, a pioneer in the semiconductor industry whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94, the company announced.

Reuters - 3 dagen geleden

Trustbusters pick fight that can make friends

BREAKINGVIEWS-Trustbusters pick fight that can make friends The author is a Reuters Breakingviews columnist. The opinions expressed are their own. CHICAGO, March 24 (Reuters Breakingviews) - After a year of fighting losing battles, one of the United States’ biggest trustbusters is taking on a fight where it will be easy to find support. The Federal Trade Commission proposed new rules on Thursday that would make canceling subscriptions less burdensome for consumers.

Reuters - 3 dagen geleden

Databricks pushes open-source chatbot as cheaper ChatGPT alternative

Databricks pushes open-source chatbot as cheaper ChatGPT alternative By Krystal Hu and Stephen Nellis March 24 (Reuters) - Databricks, a San Francisco-based startup last valued at $38 billion, on Friday released open-source code that it said companies could use to create their own chatbots along the lines of OpenAI's ChatGPT. The code is an AI model, an algorithm that is trained on sets of data and can then learn from new data to perform a variety of tasks.

Reuters - 3 dagen geleden

U.S. and China wage war beneath the waves - over internet cables

SPECIAL REPORT-U.S. and China wage war beneath the waves - over internet cables For more Reuters Special Reports, click on SPECIAL/ By Joe Brock SINGAPORE, March 24 (Reuters) - It started out as strictly business: a huge private contract for one of the world’s most advanced undersea fiber-optic cables. It became a trophy in a growing proxy war between the United States and China over technologies that could determine who achieves economic and military dominance for decades to come.

Reuters - 4 dagen geleden

Utah governor signs laws curbing social media use for minors

Utah governor signs laws curbing social media use for minors March 23 (Reuters) - Utah Governor Spencer Cox on Thursday signed two laws intended to restrict social media use by minors, becoming the first U.S. state to require parental permission for anyone under 18 to use such platforms as Instagram, TikTok and Facebook. The two bills, passed earlier this month by Utah's Republican-controlled legislature, are also meant to make it easier to sue social media companies for damages.

Reuters - 4 dagen geleden

TikTok pile-on opens two cans of worms

BREAKINGVIEWS-TikTok pile-on opens two cans of worms The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Saba NEW YORK, March 23 (Reuters Breakingviews) - American lawmakers see TikTok as a problem. Yet the bipartisan attack on the short-form video app, owned by China-based ByteDance, really points to two different complications – and each, in turn, opens up a much bigger can of worms.

Reuters - 4 dagen geleden

Network fee not the fix for European telecoms financial problems, Meta says

UPDATE 1-Network fee not the fix for European telecoms financial problems, Meta says Adds telecoms lobbying group ETNO comment By Foo Yun Chee BRUSSELS, March 23 (Reuters) - Meta Platforms META.O on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies' hefty investments.

Reuters - 4 dagen geleden

The banking crisis blessing in disguise for monetary tightening?

LIVE MARKETS-The banking crisis blessing in disguise for monetary tightening? Main U.S. indexes advance: Nasdaq up ~2.4% All 11 S&P 500 sectors green, tech leads Euro STOXX 600 index off ~0.3% Dollar lower; gold, crude, bitcoin gain U.S. 10-Year Treasury yield dips to ~3.47% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.

Reuters - 4 dagen geleden

There's got to be a morning after: Post-Fed data

LIVE MARKETS-There's got to be a morning after: Post-Fed data Main U.S. indexes advance: Nasdaq up ~2% All 11 S&P 500 sectors green, comm svcs leads Euro STOXX 600 index off ~0.3% Dollar lower; gold, crude, bitcoin gain U.S. 10-Year Treasury yield dips to ~3.47% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.

Reuters - 4 dagen geleden

J&J's 'hot potato' appeal reaches Supreme Court

LIVE MARKETS-J&J's 'hot potato' appeal reaches Supreme Court U.S. equity index futures green: Nasdaq 100 up ~1% U.S. initial jobless claims 191k vs 197k estimate Euro STOXX 600 index off ~0.5%; BOE hikes 25 bps Dollar, crude slip; gold, bitcoin gain U.S. 10-Year Treasury yield edges down to ~3.48% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.

Reuters - 4 dagen geleden

TikTok attacked for China ties as US lawmakers push for ban

UPDATE 13-TikTok attacked for China ties as US lawmakers push for ban Lawmakers worried over TikTok's influence, some seek ban CEO denies ties to China, offers assurances on child safety This March 23 story was updated on March 24 to add reaction from the Chinese foreign ministry By David Shepardson and Rami Ayyub WASHINGTON, March 23 (Reuters) - U.S.

Reuters - 5 dagen geleden

U.S. stocks end lower after Fed hike, Yellen comments

LIVE MARKETS-U.S. stocks end lower after Fed hike, Yellen comments Main U.S. indexes end down as Fed hikes 25 bps All 11 S&P sectors lower: Real estate weakest Dollar, bitcoin down; gold, crude gain U.S. 10-Year Treasury yield falls to ~3.45% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOCKS END LOWER AFTER FED HIKE, YELLEN COMMENTS (1605 EDT/2005 GMT) Major U.S.

Reuters - 5 dagen geleden

Job search platform Indeed to cut 2,200 jobs

UPDATE 1-Job search platform Indeed to cut 2,200 jobs Adds details on severance package, background March 22 (Reuters) - U.S.-based job search platform Indeed said on Wednesday it will cut about 2,200 jobs, or 15% of its workforce, joining a host of companies rationalizing their labor force following a pandemic-fueled hiring boom. Chief Executive Chris Hyams, who will take a 25% cut in base pay, said future job openings in general were at or below pre-pandemic levels and that the company was too

Reuters - 5 dagen geleden

Senior Meta ads exec departs amid efficiency drive

Senior Meta ads exec departs amid efficiency drive By Katie Paul March 22 (Reuters) - A veteran Meta META.O advertising product executive will leave the company in May, according to an internal announcement seen by Reuters, amid a months-long pruning of projects and staff that Chief Executive Mark Zuckerberg has dubbed the "year of efficiency." Dan Levy, currently the social media giant's vice president of business messaging, said in a post to Meta's internal social network on Monday that he wan

Reuters - 5 dagen geleden

Fed delivers 25 bps, U.S. stocks firm slightly

LIVE MARKETS-Fed delivers 25 bps, U.S. stocks firm slightly Main U.S. indexes gyrate as Fed hikes 25 bps Real estate weakest S&P 500 sector; tech leads gainers Dollar down; gold, crude, bitcoin gain U.S. 10-Year Treasury yield falls to ~3.53% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FED DELIVERS 25 BPS, U.S.

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