(Reuters) -Meta Platforms said on Friday services on its social media apps Facebook and Instagram were restored, more than two hours after an outage that affected thousands of users. At one point, nea[...]
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June 16, 2023
S&P 500 ends lower as Microsoft recedes from record high
By Noel Randewich and Sruthi Shankar (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and other market heavyweights as comments from two Federal Reserve officials cur[...]
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Factbox-Potential outcomes of FTC legal bids to block Microsoft-Activision deal
(Reuters) – Microsoft, which is seeking to buy games giant Activision, faces two legal fights in coming weeks with U.S. antitrust enforcers who are determined to stop the $69 billion transaction[...]
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Faraday Future plans reverse stock split and delays EV deliveries
(Reuters) -Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq’s minimum bid price req[...]
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Exclusive-Mondelez ‘singled out’ in boycott over Russia business-memo
NEW YORK (Reuters) – Mondelez International’s Europe president said Thursday that the Milka chocolate bar-maker was being “singled out and treated differently” from rival compa[...]
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Wyre winding down as crypto winter bites
(Reuters) – Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance. The decision, a[...]
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Deutsche Bank $75 million settlement with Epstein accusers wins preliminary approval
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday granted preliminary approval to Deutsche Bank’s $75 million settlement with victims of Jeffrey Epstein who accused the bank of faci[...]
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Electric-truck maker Nikola laying off 270 employees
(Reuters) – Nikola said on Friday it would lay off a total of 270 employees, as the electric-truck maker looks to cut costs and sharpen its focus on the North American marketplace. Several firms[...]
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Fed policymakers deliver hawkish vibe after pause decision
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting this w[...]
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