(Reuters) -MetLife Inc reported a 33% drop in fourth-quarter adjusted profit on Wednesday as a global market rout hurt the U.S. insurer’s investment returns. Lower private equity returns sent Me[...]
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February 1, 2023
Biden moves to slash U.S. credit card fees, app charges
By Douglas Gillison and David Shepardson WASHINGTON (Reuters) -President Joe Biden on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc and Googl[...]
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Analysis-AMC sets unusual shareholder vote for meme stock sale approval
By Anirban Sen (Reuters) – AMC Entertainment Holdings Inc, the movie theater operator that became a “meme stock” during the COVID-19 pandemic, has come up with an unusual way to win[...]
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Dollar falls to nine-month low as Powell notes progress in disinflation
By Karen Brettell NEW YORK (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of maki[...]
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Polish competition watchdog accuses Amazon EU of misleading consumers
GDANSK (Reuters) – Poland’s competition watchdog has accused e-commerce giant Amazon’s European arm of misleading sales and delivery practices, the Office of Competition and Consumer[...]
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Exclusive-Grupo Mexico clears major Citi deal hurdle with $5 billion debt package -sources
By David French and Andres Gonzalez (Reuters) – Grupo Mexico, the conglomerate controlled by billionaire German Larrea, has secured a $5 billion debt package for its proposed acquisition of Citi[...]
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ChatGPT owner launches ‘imperfect’ tool to detect AI-generated text
By Krystal Hu (Reuters) – OpenAI, the creator of the popular chatbot ChatGPT, has released a software tool to identify text generated by artificial intelligence, the company said in a blog post[...]
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Exclusive-Cybersecurity firm Rapid7 explores sale -sources
By Milana Vinn (Reuters) – Rapid7 Inc, the cybersecurity firm that hired Twitter Inc whistleblower Peiter Zatko last month, is exploring options that include a possible sale after attracting acq[...]
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Fed’s Powell says could raise rates beyond December, gives nod to disinflation
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate rises as it presses forward with its efforts to cool[...]
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