By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks dropped more than 1%, while U.S. Treasury yields and the dollar rose on Friday after a shockingly strong U.S. jobs report renew[...]
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February 3, 2023
Self-proclaimed bitcoin inventor’s $2.5 billion lawsuit can go to trial – London court
LONDON (Reuters) – Self-proclaimed bitcoin creator Craig Wright’s lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court sai[...]
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Italy bans U.S.-based AI chatbot Replika from using personal data
(Corrects to make Alvarez & Marsal a consultancy firm, rather than a law firm, in 11th paragraph) By Elvira Pollina and Martin Coulter MILAN/LONDON (Reuters) – Italy’s Data Protection[...]
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U.S. antitrust agency preparing lawsuit against Amazon – WSJ
(Reuters) -The U.S. Federal Trade Commission is preparing a possible antitrust lawsuit against e-commerce giant Amazon.com Inc, the Wall Street Journal reported on Friday, citing people familiar with[...]
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Big Tech earnings face more heat as cloud cover fades
By Aditya Soni and Yuvraj Malik (Reuters) – Big Tech results reinforced concerns a boom in cloud services is easing, limiting a lucrative source of profit when a slowing economy has hit the comp[...]
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Fed seen hiking policy rate above 5% as job gains surge
By Ann Saphir (Reuters) – The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5% and keep it there to squeeze too-high inflation out of an economy where the labor market[...]
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Exclusive-ChatGPT in spotlight as EU’s Breton bats for tougher AI rules
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – EU industry chief Thierry Breton has said new proposed artificial intelligence rules will aim to tackle concerns about the r[...]
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Oil falls about 3% as strong U.S. jobs data prompt interest rate concerns
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell to over three-week lows on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors[...]
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Jobs report jolts Wall Street bulls as inflation fears return
By Davide Barbuscia NEW YORK (Reuters) – Much stronger-than-expected U.S. job growth stopped early-year rallies in stocks and bonds dead in their tracks on Friday, forcing Wall Street to recalib[...]
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