NEW YORK, June 22 (Reuters) – (This story from June 22 has been reposted to correct spelling of “Hillary” in paragraph 1) Bankrupt crypto exchange FTX on Thursday sued a former aide to Hillary Clinton and the former aide’s investment firm, seeking to recover $700 million in investments allegedly made with embezzled FTX funds. FTX … Read more
Carmax surges after beating quarterly earnings Starbucks workers on strike next week Indices down: Dow 0.65%, S&P 0.77%, Nasdaq 1.01% NEW YORK, June 23 (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by testimony from Federal Reserve Chairman Jerome Powell in which he signaled further interest rate hikes to come , … Read more
Adobe falls as EU regulators investigate Figma deal Dice Therapeutics jumps on the Eli Lilly case Nike slips on inventory issues Indices down: Dow 0.66%, S&P 0.51%, Nasdaq 0.30% June 20 (Reuters) – Major Wall Street indexes fell on Tuesday as better-than-expected housing data stoked concerns over further interest rate hikes by the U.S. Federal … Read more
The executive reshuffle comes after the Chinese tech giant’s restructuring Zhang will fully focus on the cloud unit Joseph Tsai succeeds Zhang as chairman of Alibaba Group Alibaba aims to complete list of cloud units within a year SHANGHAI, June 20 (Reuters) – Alibaba Group (9988.HK) said on Tuesday its CEO and chairman Daniel Zhang … Read more
HONG KONG/SHENZHEN, China, June 20 (Reuters) – Psst! Where can a Chinese buyer buy Nvidia (NVDA.O) high-end AI chips following US sanctions? Visiting the famous Huaqiangbei electronics district in the city of Shenzhen, southern China, is a good bet – in particular, the skyscraper SEG Plaza whose first 10 floors are full of shops selling … Read more
SAN FRANCISCO, June 15 (Reuters) – Alphabet Inc is warning employees about how they use chatbots, including its own Bard, as it markets the program worldwide, said four people familiar with the matter. Reuters. Google’s parent company advised employees not to enter its confidential documents into AI chatbots, the people said, and the company confirmed, … Read more
BRUSSELS, June 14 (Reuters) – Alphabet (GOOGL.O) Google may have to sell off part of its lucrative ad-tech business to address antitrust concerns, EU regulators said on Wednesday, threatening the company of its most severe regulatory sanction to date. . The European Commission laid out its charges in a statement of objections to Google two … Read more
WASHINGTON, June 13 (Reuters) – A U.S. judge granted a Federal Trade Commission (FTC) request on Tuesday evening to temporarily block Microsoft Corp’s (MSFT.O) acquisition of video game maker Activision Blizzard (ATVI. O) and schedule a hearing next week. U.S. District Judge Edward Davila has scheduled a two-day hearing on the FTC’s request for a … Read more
June 13 (Reuters) – Amazon.com (AMZN.O) said cloud services offered by its unit, Amazon Web Services (AWS), had been restored after a major disruption to New York Metropolitan websites on Tuesday. Transportation Authority and the Boston Globe. among others. Several hours after Downdetector.com began posting outage reports, Amazon said, “The issue has been resolved and … Read more
June 12 (Reuters) – The Federal Trade Commission on Monday asked a court to temporarily block the acquisition of Activision Blizzard (ATVI.O) by Microsoft Corp (MSFT.O), seeking to prevent the deal from closing before the government’s lawsuit against the $69 billion. agreement is heard. The FTC said Microsoft and Activision signaled the deal could close … Read more
