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Business
Microsoft, Google strategy to test AI search ads irks some brands
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By Sheila Dang (Reuters) – Alphabet’s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out…
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Futures muted as bond yields rise on rate jitters
(Reuters) – U.S. stock index futures were largely flat on Thursday as government bond yields hovered near recent highs on worries that…
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GameStop shares plummet after fifth CEO exit in 5 years
(Reuters) – GameStop sank nearly 20% on Thursday and was set for its worst session in two years after the surprise exit…
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EU’s Breton demands Meta act against online content targeting children
By Foo Yun Chee BRUSSELS (Reuters) -EU industry chief Thierry Breton will meet Meta Platforms Chief Executive Mark Zuckerberg on June 23…
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Analysis-US SEC Coinbase, Binance crackdown puts crypto exchanges on notice
By Hannah Lang WASHINGTON (Reuters) – Other U.S. crypto exchanges are likely to be in the firing line after the Securities and…
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Marketmind: Canadian cloud, rates markets checked
A look at the day ahead in U.S. and global markets from Mike Dolan Wildfire smoke wasn’t the only cloud from Canada…
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Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe
By Hannah Lang, Manya Saini and Niket Nishant (Reuters) -Coinbase Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and…
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Fox News says Tucker Carlson breached his contract -Axios
WASHINGTON (Reuters) -Fox News on Wednesday notified Tucker Carlson’s legal team that the former prime-time host violated his contract with the networ...
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GameStop ousts CEO, names Ryan Cohen as executive chair
By Samrhitha A and Svea Herbst-Bayliss (Reuters) -GameStop on Wednesday fired CEO Matt Furlong two years after hiring the former Amazon.com executive…...
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Marketmind: Indian rates, Japan GDP in the spotlight
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An interest rate decision from…
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Ryanair settles U.S. shareholder lawsuit over unionization comments
By Jonathan Stempel (Reuters) – Ryanair Holdings Plc and longtime Chief Executive Michael O’Leary reached a $5 million settlement of a lawsuit…
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Air New Zealand raises full-year forecast on stronger demand, lower fuel prices
(Reuters) -Air New Zealand on Thursday upgraded its full-year forecast for earnings before other significant items and taxation for the second time…
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Bain Capital offers to take data center provider Chindata private
(Reuters) – Chindata Group said on Wednesday that investor Bain Capital has offered to take the Chinese data center operator private in…
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Exclusive-Barclays reviews options for payments business –sources
By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Barclays is studying options for its global payments activities as a part…
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South Korea, Taiwan stocks bag huge foreign inflow in May on chip demand
By Gaurav Dogra (Reuters) – South Korea and Taiwanese equities experienced a huge influx of foreign investment during May, driven by a…
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Futures inch lower on Fed policy caution, China data hits sentiment
(Reuters) – U.S. stock index futures edged lower on Wednesday as investors remained cautious ahead of inflation data and the Federal Reserve’s…
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Marketmind: Fearless VIX, China miss, Canada hike?
A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. stock market volatility back at pre-pandemic…
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New 787 issue could slow delivery of 90 jets in Boeing’s inventory
By Valerie Insinna and David Shepardson WASHINGTON (Reuters) -Boeing said on Tuesday it could be forced to slow deliveries of its 787…
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US stocks end up as Fed, CPI loom large next week
By Sruthi Shankar, Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed up on Tuesday, helped by some advances in…
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Court upholds Musk’s win in $13 billion lawsuit over Tesla-SolarCity deal
By Tom Hals (Reuters) -A trial court properly found that Tesla Inc CEO Elon Musk did not push the electric carmaker to…
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US SEC sues crypto exchange Coinbase, one day after suing Binance
By Jonathan Stempel NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrenc...
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Uber opens office for 1,000 more workers at Amsterdam headquarters
AMSTERDAM (Reuters) – Uber said on Wednesday it has opened a new office with space for 1,000 additional workers in Amsterdam, where…
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Marketmind: Nervous eyes on China trade
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Chinese trade figures for May…
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Futures slip as mixed data clouds Fed policy outlook
(Reuters) – Wall Street futures slipped on Tuesday as investors assessed chances of the Federal Reserve holding interest rate at its meeting…
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Cathay Pacific to pay deferred dividend to HK govt as operations return to normal
(Reuters) – Cathay Pacific Airways Ltd said on Tuesday it would pay the deferred dividend of HK$1,524.1 million ($194.35 million) on the…
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Lucky Strike maker BAT backs forecast but US growth a drag
By Eva Mathews (Reuters) – British American Tobacco maintained its annual revenue and profit forecasts on Tuesday and said performance would be…
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Marketmind: Markets level, Aussie hikes, crypto judders
A look at the day ahead in U.S. and global markets from Mike Dolan As world stock markets levelled off on Tuesday,…
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JPMorgan’s Jamie Dimon to meet with group of US House Democrats- Bloomberg News
(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will meet privately with a group of moderate House Democrats on…
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Merck CEO says decoupling from China would be at huge economic cost
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – The CEO of German technology group Merck KGaA said that unravelling trade ties…
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Crypto shares tumble as Binance SEC lawsuit ripples through industry
By Hannah Lang, John McCrank and Sinéad Carew (Reuters) – Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday aft...
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Star Alliance names Theo Panagiotoulias as CEO
(Reuters) – Star Alliance, one of the world’s three major airline networks, on Tuesday named Theo Panagiotoulias as its chief executive officer.…
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Biden administration moves to nix US states’ challenge to ESG investing rule
By Daniel Wiessner (Reuters) – The Biden administration has asked a federal judge to toss out a lawsuit by Republican-led states seeking…
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Panasonic to boost battery output at Tesla’s Nevada Gigafactory – Nikkei
(Reuters) -Japan’s Panasonic Holdings Corp will expand the production of electric vehicle batteries at a factory in Nevada jointly operated with Tesla...
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Ex-CEOs at Brazil’s Americanas did not make proper accounting disclosures – regulator
SAO PAULO (Reuters) – Brazil’s securities regulator has accused two former CEOs of retailer Americanas with failing to comply with required informatio...
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OpenAI mulling Israel investment opportunities, Microsoft says
JERUSALEM (Reuters) – OpenAI is considering investment opportunities in Israel, Microsoft Israel R&D center quoted the company’s CEO, Sam Altman, ...
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Experts debate how much US Supreme Court ruling chills labor strikes
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court has delivered the latest in a series of rulings undercutting organized labor,…
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Tesla’s China-made EV sales rose 2.4% in May from April – CPCA
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, a…
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Exclusive-Musk’s Neuralink valued at about $5 billion despite long road to market
By Rachael Levy, Krystal Hu and Marisa Taylor (Reuters) – Elon Musk’s brain implant startup Neuralink, which was valued at close to…
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Analysis-US hotel developers run out of cash as construction lending dries up
By Bianca Flowers and Priyamvada C (Reuters) – Tighter lending standards from regional banks are making it harder for U.S. hotel developers…
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France rolls out the red carpet for EV battery factories
By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an…
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Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in…
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Oil prices jump more than $2/bbl after Saudi pledges to cut more output
By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after…
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Marketmind: Teed up for a bullish start to the week
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are set for…
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McCarthy lauds U.S. debt ceiling deal, House conservatives divided
By David Lawder WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy on Sunday lauded the debt ceiling deal he negotiated…
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Ex-NBCUniversal executive Joe Benarroch to join Twitter
(Reuters) -Former NBCUniversal executive Joe Benarroch will join Twitter on Monday, in a role focusing on business operations, he told Reuters. Benarr...
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Airbus nears 500-jet order from India’s IndiGo -sources
By Tim Hepher, Aditi Shah and Joanna Plucinska ISTANBUL (Reuters) – Airbus is closing towards a potentially record deal to sell 500…
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Airbus seeing more predictable industrial rhythm after delays
ISTANBUL (Reuters) – European planemaker Airbus is seeing a more predictable pattern in its industrial activities and what appears to be the…
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OPEC+ meets to debate production quotas, new cut – sources
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) – OPEC and its allies will meet on Sunday to debate…
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UBS considers delaying results after Credit Suisse rescue – FT
(Reuters) – UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals…
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Biden signs debt limit bill, avoiding U.S. default
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceilin...
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Exclusive-Walt Disney’s Pixar targets ‘Lightyear’ execs among 75 job cuts
By Dawn Chmielewski (Reuters) -Walt Disney’s Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office d...
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OPEC+ begins meetings that may agree further output cuts – sources
By Ahmad Ghaddar, Alex Lawler and Maha El Dahan VIENNA (Reuters) -OPEC and its allies began two days of meetings on Saturday…
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