By Simon Lewis and Michael Martina WASHINGTON (Reuters) – The U.S. is prepared to act against Chinese companies supporting Russia’s war in Ukraine, a senior
Author: Daily Trader Insights
Lululemon to shutter Washington distribution center, lay off 128 employees
(Reuters) -Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
By Federico Maccioni DUBAI (Reuters) – Stablecoin Tether’s recent growth is being driven by its use as an alternative to the U.S. dollar in emerging
Google scraps minimum wage, benefits rules for suppliers and staffing firms
By Daniel Wiessner (Reuters) – Alphabet Inc’s Google on Friday said it will roll back requirements that U.S. suppliers and staffing firms pay their employees
Meta releases early versions of its Llama 3 AI model
By Katie Paul NEW YORK (Reuters) -Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
By Foo Yun Chee and Yuvraj Malik (Reuters) -EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI is not an acquisition, sources
NY Fed sees more time needed to shrink central bank holdings
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s effort to contract its balance sheet will likely run into 2025 before the process
Google lays off employees, shifts some roles abroad amid cost cuts
(Reuters) – Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology
Apple supplier Foxconn introduces rotating CEO role
TAIPEI (Reuters) – Taiwan’s Foxconn has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of
Trump Media shares tank after filing shows more stock may be sold
By Echo Wang (Reuters) -Shares of Donald Trump’s social media company slumped 18% on Monday, extending losses since the stock’s debut last month, after the