(Reuters) -Los Angeles Times plans to lay off a “significant” number of journalists, the newspaper’s guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move. The layoffs could impact at least 100 journalists or about 20% of the newsroom in a move to address the …
Los Angeles Times plans ‘significant’ layoffs, guild says Read More »
A look at the day ahead in European and global markets from Kevin Buckland The rally in semiconductor shares has circled the globe, and is almost single-handedly setting Japan’s Nikkei share average back on track for a second consecutive weekly advance. A 1.4% bounce for the Japanese benchmark was only outdone by the more than …
Marketmind: Chip rally rolls on, except in China Read More »
By Nupur Anand NEW YORK(Reuters) – JPMorgan Chase CEO Jamie Dimon’s compensation climbed about 4.3% to $36 million for 2023, the bank said on Thursday. (Reporting by Nupur Anand in New York and Arasu Kannagi Basil in Bengaluru; Editing by Lananh Nguyen)
By Noel Randewich and Ankika Biswas (Reuters) -U.S. stocks ended higher on Thursday, as AI optimism drove gains in Nvidia and other chip stocks, while doubts about interest rate cuts hit utilities and real-estate shares. U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared after the world’s largest contract semiconductor maker projected 2024 revenue growth of …
S&P 500 ends higher as AI optimism lifts chip stocks Read More »
WASHINGTON (Reuters) – National Transportation Safety Board (NTSB) Chair Jennifer Homendy said on Thursday that Boeing CEO Dave Calhoun called after a cabin panel on a Boeing 737 MAX 9 jet blew out in midair, and told her “they want to rectify” errors made in the past. Homendy made her remarks to reporters after she …
NTSB chair: Boeing CEO called, wants to rectify errors made in past Read More »
BRASILIA (Reuters) – Brazil should end 2024 with a primary deficit of 55.3 billion reais ($11.2 billion), the federal audit court (TCU) said, in the latest sign of skepticism that President Luiz Inacio Lula da Silva’s government can meet its pledge to eliminate the fiscal deficit. After Lula upped spending on social measures in his …
Brazil unlikely to meet 2024 fiscal goals, audit court says Read More »
(Reuters) – Walmart said on Thursday that it will raise the annual average salary and bonus for its U.S. store managers, taking the average hourly wage at the retail giant to more than $18. Following the planned move, the average salary for store managers at Walmart will be at $128,000 a year from $117,000. The …
Walmart to raise annual wages for US store managers Read More »
By Suzanne McGee (Reuters) – The much anticipated U.S. debut of 11 exchange-traded funds (ETFs) tied to spot bitcoin has contributed to a record start to the new year for ETF launches, data from issuers and analysts showed. A total of 35 new ETFs made their debut in the first two weeks of 2024, compared …
U.S. ETF launches set early record in 2024, helped by spot bitcoin funds Read More »
NEW YORK (Reuters) -Meta CEO Mark Zuckerberg said on Thursday that the company was bringing its AI research team “closer together” with a more business-focused generative AI team launched last year, doubling down on a push to get the technology into products. The social media giant was building out its infrastructure to accommodate the push …
Meta ramps up AI efforts by building chip arsenal, consolidating teams Read More »
WASHINGTON (Reuters) – Alaska Airlines said on Thursday it will extend the cancellation of its Boeing 737 MAX 9 flights through Sunday as the Federal Aviation Administration continues to review inspection data from an initial group of 40 planes. The FAA had said last week that 40 of 171 grounded planes needed to be re-inspected …
Alaska Airlines extends Boeing 737 MAX 9 cancellations through Sunday Read More »
