By Yuvraj Malik and Stephen Nellis (Reuters) -Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimat[...]
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July 25, 2023
US Senate backs measure requiring reporting on China tech investments
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate overwhelmingly backed legislation on Tuesday that would require U.S. companies to notify federal agencies of investments in Chinese te[...]
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Senators propose banning stock trades for US Congress, president
WASHINGTON (Reuters) – Members of the U.S. Congress, the president, vice president and senior executive branch officials and their relatives will be banned from trading stocks under bipartisan l[...]
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Puerto Rican bank sues NY Fed for suspending account in Venezuela-linked crackdown
By Luc Cohen NEW YORK (Reuters) – The New York Federal Reserve was sued on Tuesday by a Puerto Rican bank that said its access to the U.S. central banking system could be improperly cut off foll[...]
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Alphabet profit beats expectations, CFO Porat to assume new role
By Greg Bensinger, Akash Sriram and Max A. Cherney SAN FRANCISCO (Reuters) -Alphabet’s second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its[...]
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Marketmind: China hopes, U.S. big tech fire up markets
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian stock markets will open strongly on Wednesday if the previous day[...]
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Snap shares fall on softer Q3 outlook as app tries to revamp ads
By Sheila Dang (Reuters) -Photo messaging app-owner Snap Inc on Tuesday gave weaker third quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, s[...]
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Purdue Pharma bankruptcy can proceed despite potential US Supreme Court appeal
By Dietrich Knauth NEW YORK (Reuters) – OxyContin maker Purdue Pharma may proceed with a bankruptcy settlement that protects its Sackler family owners from lawsuits, despite a potential U.S. Sup[...]
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Bryan Cranston calls out Bob Iger at striking actors’ rally
NEW YORK (Reuters) – Emmy-winning “Breaking Bad” actor Bryan Cranston rallied a crowd of striking Hollywood actors on Tuesday with comments directed at Walt Disney Co Chief Executive[...]
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