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US Senate passes bill to end government shutdown, sends to House

By Richard Cowan, Andy Sullivan and Nolan D. McCaskill WASHINGTON (Reuters) -The U.S. Senate on Monday approved a compromise that would end the longest government shutdown in U.S. history, breaking a weeks-long stalemate that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid and snarled air traffic. The 60-40 vote passed …

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Target to lower prices on 3,000 everyday items for holiday season

(Reuters) -Target is slashing prices on 3,000 everyday items such as food, beverages and household essentials during the holiday season, the retailer said on Tuesday, as it seeks to attract shoppers who are tightening budgets amid economic uncertainties. Retailers are bracing for a muted holiday shopping season as U.S. consumers rein in spending amid stubborn …

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Meta chief AI scientist Yann LeCun plans to exit to launch startup, FT reports

(Reuters) -Meta’s chief artificial intelligence scientist Yann LeCun is planning to leave the social media company to set up his own startup, the Financial Times reported on Tuesday, citing people familiar with the matter. Deep-learning pioneer LeCun is also in early talks to raise funds for a new venture, according to the report. The owner …

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REUTERS NEXT – DBS CEO sees tech-led growth in China despite property slowdown

(Refiles to remove extraneous text in paragraph 7) By Sumeet Chatterjee, Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – China’s push into deep technology and artificial intelligence is creating pockets of growth despite an uneven recovery in its property sector and subdued consumer sentiment, DBS Group Chief Executive Tan Su Shan said on Tuesday. Speaking …

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SoftBank profit more than doubles to $16.6 billion on OpenAI gains

By Anton Bridge TOKYO (Reuters) -SoftBank Group Chief Executive Masayoshi Son’s “all in” bet on OpenAI appears to be paying dividends after the ChatGPT-maker’s valuation soared this year, producing a surge in quarterly profit for the Japanese technology investor. The results mean more money for SoftBank to employ in its artificial intelligence-related investment spree even …

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Morning Bid: Tech bounce stalls

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Tuesday’s tech-led Wall Street jump on a likely reopening of the U.S. government displayed dogged “buy-the-dip” behavior, but the move has run out of steam into today’s Veterans Day holiday. With its quarterly results due out next …

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When will US air travel be back to normal? Not this week

WASHINGTON (Reuters) -Despite hopes the federal government shutdown could end this week, air travelers in the United States are still in for a rough few days of cancellations and delays nationwide before taking to the skies gets back to normal. The Federal Aviation Administration instructed airlines to cut 4% of daily flights starting last week …

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BHP to compensate Australian coal workers for Christmas shifts

MELBOURNE (Reuters) -BHP has been ordered by Australia’s Federal Court to compensate 85 coal mine workers employed by its labour hire arm in Queensland for unlawfully requiring them to work Christmas and Boxing Day holidays without providing a reasonable right of refusal, the Mining and Energy Union said on Tuesday. KEY DETAILS * The workers …

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Trump threatens air traffic controllers who fail to return to work as flight cancellations jump

By David Shepardson WASHINGTON (Reuters) -U.S. President Donald Trump on Monday demanded air traffic controllers return to work as travelers endured another day of flight cancellations, which the administration ordered to manage staff shortages during the government shutdown. Trump’s comment came after the U.S. aviation system has suffered serious disruptions in recent days as air …

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