By Paresh Dave and Katie Paul (Reuters) – Meta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that…
Amazon layoffs to extend into 2023
(Reuters) – Amazon.com Inc said on Thursday there would be more role reductions as its annual planning process extends into…
Alibaba quarterly revenue misses expectations as spending slows
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd posted a low single-digit rise in quarterly revenue on Thursday, slightly…
Fed to lift rates by 50 basis points, but peak policy rate may be higher: Reuters Poll
By Prerana Bhat BENGALURU (Reuters) – The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike,…
Wall Street drops as hawkish Fed official comments weigh
By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in…
U.S. regulator warns of pump-and-dump IPOs, many from China
By Echo Wang NEW YORK (Reuters) – The U.S. Financial Industry Regulatory Authority (FINRA) warned on Thursday it was seeing…
U.S. mandates new comparison internet service labels
By David Shepardson WASHINGTON (Reuters) – U.S. broadband providers must display information similar to nutrition labels on food products to…
Dollar gains, stocks slip as Fed officials talk tough on rates
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – The dollar rose and equity markets slid on Thursday after…
U.S. senators push to ban government deals with Chinese chipmakers -Politico
(Reuters) – U.S. Senate Majority Leader Chuck Schumer and Republican Senator John Cornyn are lobbying hard for a ban on…
Explainer-What’s next in FTX’s bankruptcy
By Dietrich Knauth (Reuters) – Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday…