By Katie Paul NEW YORK (Reuters) – Meta’s head of augmented reality software is stepping down from his role, a company spokesperson told Reuters on Friday, raising questions about the company’s progress in developing a custom operating system for its planned AR glasses. VP of Engineering Don Box announced the end of his tenure at …
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WASHINGTON (Reuters) -Lawmakers on Capitol Hill on Friday renewed public calls for an investigation into the allegations of sexual harassment and other workplace misconduct at the U.S. Federal Deposit Insurance Corporation. The announcements came as FDIC Chair Martin Gruenberg this week faced calls for his resignation following Wall Street Journal reporting according to which the …
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By Ann Saphir and Michael S. Derby (Reuters) – As Federal Reserve officials near the midway point between their last policy meeting and the final one of the year, they appear to be converging on a message of patience, a signal they intend to leave interest rates unchanged as they wait for more evidence inflation …
Fed officials find a bit of Zen on way to next policy decision Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Are U.S. stocks poised to continue their dramatic run, or is a pause ahead? That’s the question investors are asking as the S&P 500 heads into the close of the year with fresh highs coming into view. Signs of cooling inflation have fueled hopes that the Federal Reserve …
After breathtaking surge, US stocks’ path may rest on economic soft landing Read More »
ROME (Reuters) – Italy’s defence and aerospace conglomerate Leonardo said on Friday it had sold 6.9% of its U.S. subsidiary DRS at $17.75 per share. The state-controlled group sold 18 million shares in the upsized public secondary offering, leaving it with a 73.3% stake in DRS. Leonardo also granted a 30-day option to underwriters for …
Leonardo sells 6.9% in its U.S. unit DRS at $17.75 per share Read More »
By Zeba Siddiqui SAN FRANCISCO (Reuters) – The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The FBI alert follows a Reuters report this week that said the agency had struggled to stop these hackers …
FBI warns on Scattered Spider hackers, urges victims to come forward Read More »
(Reuters) – U.S. retailers are gearing up for Black Friday, marking the start of the shopping season that follows the Thanksgiving holiday, while business activity data should gauge the temperature elsewhere. Britain’s budget update is in the spotlight, while the yen might get some breathing space and Argentina heads for a key election. Here’s your …
SAN FRANCISCO (Reuters) – General Motors confirmed on Thursday that Travis Katz, CEO of its BrightDrop electric commercial vehicle unit, has left the company, without elaborating on the reason for his departure. Katz, a longtime tech entrepreneur who had joined GM in 2020 from venture capital firm Redpoint Ventures, did not immediately respond to Reuters’ …
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By Michael S. Derby NEW YORK (Reuters) – The U.S. bond market is functioning well amid recent volatility and rising yields are being driven more by uncertainty over the economic outlook as opposed to shifting views of monetary policy, the New York Federal Reserve official responsible for implementing monetary policy said on Thursday. “The Treasury …
US bond market functioning well amid volatility, New York Fed’s Perli says Read More »
By David Carnevali (Reuters) – Engineering consultant Jacobs Solutions Inc is in advanced talks to merge its government consulting arm at a valuation of more than $4 billion with private equity-owned Amentum Services Inc, people familiar with the matter said on Thursday. Under the terms discussed, Amentum would merge with Jacobs’ Critical Mission Solutions (CMS) …
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