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Technical Summary

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News

More consumer data safeguards needed, watchdog tells US Congress

CORRECTED-More consumer data safeguards needed, watchdog tells US Congress In paragraph 5, corrects by removing "online" from coupon description to make clear coupons apply offline and online. By Douglas Gillison June 12 (Reuters) - The head of the top U.S. watchdog agency for consumer finance on Wednesday called on lawmakers to adopt greater protections against the collection and use of consumers' data from payment processing and so-called buy-now-pay-later services.
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Trade Desk Inc TTD.OQ +5.5% Autodesk Inc ADSK.OQ +5.1% Intuit Inc INTU.OQ +5.1% Tesla Inc TSLA.OQ +5.1% Apple Inc AAPL.OQ +4.5% Bottom Performers Percent Change T-Mobile US Inc TMUS.OQ -3.5% Monster Beverage Corp MNST.OQ -2.4% PayPal Holdings Inc PYPL.OQ -2.4% Exelon Corp EXC.OQ -2.1% Lululemon Athletica Inc LULU.OQ -1.8% The Nasdaq 100 .NDX gained 264.95 points, or 1.38%, to 19,4
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Updates headline, recasts first paragraph June 12 (Reuters) - Companies in the U.S. and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly.
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US, Canadian companies kick off 2024 with layoffs

FACTBOX-US, Canadian companies kick off 2024 with layoffs Adds FedEx layoffs June 12 (Reuters) - Companies in the United States and Canada have extended their job cuts into 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit , 5% at audi
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JPMorgan hires new chief technology officer, memo says

JPMorgan hires new chief technology officer, memo says By Nupur Anand NEW YORK, June 10 (Reuters) - JPMorgan Chase JPM.N hired former PayPal executive Sri Shivananda as its new chief technology officer (CTO), the bank said in a memo on Monday, the latest senior hire tasked with deploying some of its $17 billion tech budget. Shivananda will start later this month and succeed A.J.
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