(Reuters) -Netflix has shut down the studio behind its mobile game “Squid Game: Unleashed”, amid a shift in strategy for its video gaming unit. The studio’s closure was confirmed by its co-founder and former CEO, David Rippy, in a LinkedIn post on Thursday. “Rough news, for sure, but I’m very grateful for the time we …
Netflix shuts down game studio behind ‘Squid Game: Unleashed’ Read More »
(Reuters) -European rating agency Scope downgraded the United States’ credit rating by a notch on Friday, citing sustained deterioration in public finances and a weakening of governance standards. Scope cut the U.S. local and foreign currency long-term issuer and senior unsecured debt ratings to “AA-“, from “AA”, but revised the outlook to “stable” from “negative”. …
By Kritika Lamba and Arsheeya Bajwa (Reuters) -Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world’s most recognized dating platforms for the LGBTQIA+ community private for about $3.46 billion. Shares of the company closed up nearly 19% on Friday. …
Grindr shareholders offer to take dating app private for $3.46 billion Read More »
By Stephen Culp NEW YORK (Reuters) -Cooler-than-expected inflation data and upbeat corporate earnings lifted all three major U.S. stock indexes to all-time closing highs on Friday, setting the stage for next week’s earnings reports and an expected interest rate cut by the Federal Reserve. The S&P 500 and the Nasdaq recorded their largest weekly percentage …
Wall Street notches record closing highs on cool inflation, solid earnings Read More »
By Allison Lampert and Doyinsola Oladipo (Reuters) -Reclining seats are the latest airline perk to come at a cost – and it is irritating both passengers and staff. Calgary-based WestJet on Wednesday started flying the first of 43 newly configured planes whose standard economy seats come in a fixed position. Reclining seats are still available, …
Another airline comfort comes at a cost – reclining seats Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -IBM said on Friday it can run a key quantum computing error correction algorithm on commonly available chips from Advanced Micro Devices, a step toward commercializing super-powerful computers. The U.S. stalwart is racing to develop quantum computing against Microsoft and Alphabet’s Google, which announced a breakthrough algorithm this week. …
IBM says conventional AMD chips can run quantum computing error correction algorithm Read More »
By Jessica DiNapoli and Juveria Tabassum (Reuters) -Procter & Gamble beat estimates for its quarterly results on Friday, as consumers continued to pay higher prices for its beauty and hair-care products, despite a broader slowdown in spending due to economic uncertainty. The Tide maker halved its annual tariffs cost estimate to about $400 million after …
P&G latest to flag diverging consumer spending as profit tops on beauty demand Read More »
By Tanay Dhumal (Reuters) -U.S. natural gas dealmaking has surged in 2025 and is set to accelerate, analysts say, driven by record power demand from AI data centers, rising LNG exports and renewed Asian investment. The United States is poised to see a record surge in power demand this year, led by data centers’ outsized …
U.S. natural gas sector deals surge in 2025 on AI, LNG demand from Asia Read More »
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve on Friday advanced an overhaul of its annual “stress tests” of large banks, handing the industry a long-sought win over an exercise that they complain is opaque and onerous. The proposal that the Fed’s Board of Governors approved will hand banks significantly more information about how …
Fed hands banks a win with vote to advance ‘stress test’ overhaul Read More »
By Scott Murdoch SYDNEY (Reuters) -Former Australia and New Zealand Banking Group Chief Executive Shayne Elliott said on Friday the bank was justified in sacking a former trader accused of breaking ANZ’s code of conduct by sending inappropriate messages at work. Former ANZ trader Etienne Alexiou is suing ANZ after he was fired in September …
ANZ’s former CEO says bank was justified in sacking trader Read More »
