Reuters US Business

By Isla Binnie NEW YORK, Dec 1 (Reuters) – Blue Owl’s turnabout decisions in the last two weeks – to merge, and then not merge, and then maybe merge two of its private credit funds at a later time – offer a cautionary lesson for retail investors in search of higher yields and the asset managers …

Analysis-Blue Owl’s teachable moment for investors and asset managers chasing yield and ‘hot money’ Read More »

Dec 1 (Reuters) – Shopify said it had fixed certain issues related to logging in to the online shopping platform that impacted thousands of customers and several small businesses on Cyber Monday. The outages peaked around 11 a.m. ET with around 4,000 outages reported. About 128 users reported problems at 2:40 p.m. ET, according to …

Shopify resolves login issues that impacted thousands of users on Cyber Monday Read More »

By Blake Brittain WASHINGTON, Dec 1 (Reuters) – The U.S. Supreme Court grappled on Monday with a bid by Cox Communications to avoid financial liability in a major music copyright lawsuit by record labels that accused the internet service provider of enabling its customers to pirate thousands of songs. The justices appeared skeptical of Cox’s …

US Supreme Court wrestles with copyright dispute between Cox and record labels Read More »

By Stephen Nellis and Arsheeya Bajwa Dec 1 (Reuters) – Nvidia has invested $2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology. The deal, unveiled by the companies on Monday, comes as Nvidia has carried …

Nvidia takes $2 billion stake in Synopsys as AI deal spree accelerates Read More »

By Jaspreet Singh Dec 1 (Reuters) – Omnicom said on Monday it will lay off more than 4,000 employees and fold several well-known advertising agency brands after its $13 billion acquisition of rival Interpublic Group. The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants such as Meta make …

Omnicom to cut over 4,000 jobs, fold legacy ad brands after IPG takeover Read More »

By Scott Murdoch Dec 1 (Reuters) – Embattled stock exchange operator Australian Securities Exchange is facing fresh pressure to enact its turnaround plan, after its announcements platform suffered an outage on Monday, forcing about 80 stocks to be placed on a trading halt.  The platform went down just before 9 a.m. (2200 GMT) and was …

Australia’s ASX announcements platform operational issue ‘largely resolved’ Read More »

By Lucia Mutikani WASHINGTON, Dec 1 (Reuters) – U.S. manufacturing contracted for the ninth straight month in November, with factories facing slumping orders and higher prices for inputs as the drag from import tariffs persisted. The Institute for Supply Management survey on Monday also showed some manufacturers in the transportation equipment industry linking layoffs to …

US manufacturing stuck in doldrums as tariff headwinds persist Read More »

Dec 1 (Reuters) – Goldman Sachs said on Monday it will buy active exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion, as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments. Active funds have regained lost ground in the last few years as …

Goldman Sachs to buy ETF sponsor Innovator in $2 billion cash-and-stock deal Read More »

(Corrects title of Nvidia executive in last paragraph) By Stephen Nellis SAN FRANCISCO, Dec 1 (Reuters) – Nvidia on Monday released new open-source software aimed at speeding up the development of self-driving cars using some of the newest “reasoning” techniques in artificial intelligence. Nvidia has risen to become the world’s most valuable company as its …

Nvidia releases open-source software for self-driving car development  Read More »