By Douglas Gillison and Chris Prentice NEW YORK (Reuters) – Congress is likely to adopt legislation governing cryptocurrencies during President-elect…
AMD to cut 4% of global workforce as it focuses on AI chip development
(Reuters) – Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs…
North Korean soldiers joining Russia in combat, US State Dept says
WASHINGTON (Reuters) – North Korean troops have begun engaging in combat operations alongside Russian forces, the U.S. State Department said…
ValueAct takes $1-billion stake in Meta, source says
By Svea Herbst-Bayliss (Reuters) -ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for…
Netflix’s ad-supported tier hits 70 million users
(Reuters) -Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about…
US oil industry urges Trump to ditch Biden climate policies
By Nichola Groom (Reuters) -The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many…
Hedge funds pile into banks, dump green energy post US election, Goldman Sachs says
By Nell Mackenzie LONDON (Reuters) – Hedge funds snapped up bank stocks at the quickest clip in three years while…
Can Home Depot’s Stock Weather Trump’s Tariff Storm?
As Home Depot readies its third-quarter fiscal 2024 earnings release on Tuesday, November 12th before the market opens, investor anticipation is…
Ackman wants to move Pershing Square, UMG from Amsterdam after attacks
AMSTERDAM (Reuters) – Billionaire Bill Ackman said on Friday he would seek to delist investment firm Pershing Square Holdings and…
US judge pauses Trump 2020 election case after election victory
By Andrew Goudsward WASHINGTON (Reuters) – A U.S. judge on Friday set aside pending deadlines in President-elect Donald Trump’s 2020…