By Arsheeya Bajwa (Reuters) -Marvell Technology’s shares closed down 19.8%, marking their worst day in more than two decades and weighing on rival chipmakers’ stocks on Thursday, after an in-line revenue forecast gave investors another reason to be jittery about spending on AI infrastructure as a years-long rally shows signs of cooling. Stock closed at …
WASHINGTON (Reuters) – Layoffs announced by U.S.-employers jumped to levels not seen since the last two recessions amid mass federal government job cuts, canceled contracts and fears of trade wars, offering the clearest sign yet of the toll taken on the labor market by the policies of President Donald Trump’s administration. Global outplacement firm Challenger, …
US announced job cuts surge 245% in February on federal government layoffs Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil settled largely unchanged in choppy trade on Thursday, with global benchmark Brent closing below $70 a barrel under pressure from tariffs between the U.S., Canada, and China, and plans by OPEC+ to raise output. Brent futures settled up 16 cents, or 0.2%, at $69.46 a barrel. U.S. West Texas …
Oil steadies in choppy trading on tariff uncertainty, OPEC+ hike plans Read More »
(Reuters) – The Perth Mint’s gold product sales jumped in February, while silver sales rose 16% from the previous month, the refiner said on Friday, driven by strong demand. WHY IT IS IMPORTANT The Perth Mint, owned by the government of Western Australia, is the world’s leading producer of newly mined gold. It is also …
Perth Mint’s gold, silver sales rise in February Read More »
By Kemol King GEORGETOWN (Reuters) – Guyana’s Natural Resources ministry has ordered the country’s tax agency to begin a dispute resolution with Exxon Mobil over the recovery of some $214 million in expenses registered by the U.S. oil major. Expenses reported by Exxon as part of its operations at the massive Stabroek offshore block are …
Guyana’s tax agency to begin dispute resolution with Exxon over expenses Read More »
(Reuters) – The U.S. House Judiciary Committee subpoenaed Alphabet on Thursday seeking its communications with former President Joe Biden’s administration about content moderation policies. House Judiciary Committee Chairman Jim Jordan, a Republican, also asked the YouTube parent company for similar communications with companies and groups outside government, according to a copy of the subpoena seen …
US House panel subpoenas Alphabet over content moderation Read More »
(Reuters) – The Republican-majority U.S. House Judiciary Committee on Thursday issued a subpoena to tech giant Alphabet Inc, seeking the Google parent company’s internal communications as well as those with third parties and government officials during Democratic President Joe Biden’s administration. Representatives for Alphabet could not be immediately reached for comment. (Reporting by Ryan Patrick …
US House panel issues subpoena to Google parent Alphabet Read More »
By Nicholas P. Brown and Arriana McLymore (Reuters) – Several U.S. retailers that publicly scrapped diversity, equity and inclusion programs – including Target, Amazon and Tractor Supply – are maintaining certain efforts behind the scenes. The three retailers, while they’ve ended DEI programs on paper, have told advocacy groups and individuals they will continue to offer …
US retailers publicly scrap some ‘DEI’ initiatives while quietly supporting others Read More »
(Reuters) -Reddit on Thursday launched tools aimed at helping people adhere to community rules and better understand content performance, its latest step to boost engagement on the platform. The announcement follows a recent slowdown in quarterly user growth due to a change in Google’s algorithm that impacted traffic from the search engine. The traffic from …
Reddit unveils new content moderation and analytics tools to boost user engagement Read More »
By Savyata Mishra (Reuters) -Kroger said on Thursday it expects some impact on its fresh business amid escalating trade wars, even as the U.S. grocer forecast annual sales above Wall Street expectations. Shares of the supermarket chain rose 3.3% after the upbeat forecast that came days after an abrupt ouster of long-time chief Rodney McMullen. …
Kroger forecasts upbeat annual sales, expects some tariff impact Read More »
