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(Reuters) -Bitcoin miner Riot Platforms said on Wednesday it has appointed three new directors to its board after inputs from investors Starboard Value and D.E. Shaw. The move comes after Reuters reported in January that D.E. Shaw, best known for employing quantitative investment tools to power returns, had built a position in the firm and …

Riot Platforms appoints new directors to board with inputs from Starboard, D.E. Shaw Read More »

(Reuters) -Blue Origin is preparing for significant job cuts to reduce costs and focus on increasing rocket launches after years of research and development, Bloomberg News reported on Wednesday, citing people familiar with the matter. The magnitude of the layoffs was not immediately clear, though one of the people told Bloomberg News that the Jeff …

Blue Origin prepares for significant job cuts, Bloomberg News reports Read More »

By David Shepardson WASHINGTON (Reuters) -Ford Motor CEO Jim Farley met with U.S. lawmakers on Wednesday after raising concerns this week that 25% tariffs on Mexico and Canada would “blow a hole” in the U.S. auto industry. Farley met with Senators Roger Marshall, Elissa Slotkin, Deb Fischer and many House of Representatives lawmakers after warning …

Ford CEO holds meetings with lawmakers after raising concerns about tariffs Read More »

(Reuters) -Anthropic projects its revenue could reach as high as $34.5 billion in 2027, technology news website The Information reported on Wednesday, with the AI startup racing to catch up with Microsoft-backed OpenAI. In a base case scenario, Anthropic said revenue would reach $12 billion in 2027, up from $2.2 billion in 2025, the report …

Anthropic sees revenue potentially soaring to $34.5 billion in 2027, The Information reports Read More »

By Byron Kaye and Sherin Sunny (Reuters) – Penfolds wine producer Treasury Wine Estates pulled the sale of its cheap drinks division after failing to find an attractive offer and cut its prediction for annual profit, sending its shares tumbling. The division’s weak results and outlook soured an otherwise upbeat first-half result for Australia-listed Treasury …

Australia’s Treasury Wine drops planned sale of cheaper brands, cuts profit guidance Read More »

By Jaspreet Singh (Reuters) – Reddit missed market estimates for daily active unique visitors in the fourth quarter on Wednesday, hit by a change in Google’s search algorithm that impacted how often the social media platform appeared in the search results, sending its shares down 15% in extended trading. The San Francisco-based company’s stock, which …

Reddit misses daily active unique visitors estimates on Google algorithm change, shares tumble Read More »

(Reuters) -Elon Musk’s social media platform X has agreed to pay about $10 million to settle a lawsuit that U.S. President Donald Trump brought against the company and its former chief executive, the Wall Street Journal reported on Wednesday. That makes X the second social media platform to settle with Trump over the suspension of …

Musk’s X agrees to pay about $10 million to settle Trump lawsuit, WSJ reports Read More »

By Amanda Cooper LONDON (Reuters) – U.S. stock futures tumbled and the dollar rose on Wednesday after data showed consumer inflation picked up more than expected in January, underscoring Federal Reserve Chair Jerome Powell’s message that there is no rush to cut interest rates. The Labor Department’s Bureau of Labor Statistics (BLS) said its consumer …

Stocks tumble, dollar rallies as US inflation heats up Read More »