By Anthony Boadle BRASILIA (Reuters) – Brazil’s government and judiciary objected on Tuesday to big tech firms campaigning against an internet regulation bill aimed at cracking down on fak[...]
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May 2, 2023
AMD shares sink on forecast miss as PC market remains weak
By Chavi Mehta, Jane Lanhee Lee and Stephen Nellis (Reuters) -Advanced Micro Devices shares slumped on Tuesday after the chipmaker forecast quarterly sales below estimates due to a weak PC market, ove[...]
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Exclusive-White House: Fed interest rates having negative effect on banking
By Andrea Shalal WASHINGTON (Reuters) -A top White House economist on Tuesday said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector, a[...]
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TikTok’s head of U.S. trust and safety will leave the company
By Sheila Dang (Reuters) -TikTok said on Tuesday its head of U.S. trust and safety, Eric Han, will depart the company on May 12, leaving the popular short-form video app without a key executive as it[...]
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Carrefour Brasil swings to quarterly loss as BIG purchase weighs
SAO PAULO(Reuters) -Carrefour Brasil reported a first quarter net loss of 113 million reais ($22.39 million), hit by high investment costs at its acquired food retailer Grupo BIG, the company said in[...]
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Indexes fall 1% as regional banks tumble, investors fret before Fed
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes fell more than 1% each on Tuesday as regional bank shares tumbled on renewed fears over the financial system and as investo[...]
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Vanda Pharmaceuticals sues U.S. government over drug trade secrets
By Blake Brittain (Reuters) – Vanda Pharmaceuticals Inc has sued the federal government in Washington, D.C., federal court over accusations that the U.S. Food and Drug Administration passed trad[...]
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Starbucks profits beat on China recovery, shares dive on guidance
By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks Corp beat Wall Street estimates on Tuesday for quarterly profits, powered by a sharp recovery in business in China, but shares fell about 6%[...]
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Ford’s profit rises on strong truck demand but EV outlook weighs
By Joseph White and Nathan Gomes (Reuters) -Ford Motor Co on Tuesday posted robust first-quarter revenue and profit, thanks to strong demand for trucks and SUVs, but issued a measured full-year outloo[...]
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