By Stephen Culp NEW YORK (Reuters) -U.S. stocks extended their rally on Tuesday, kicking off the final week of 2023 with expectations that the Federal Reserve will begin cutting interest rates as soon[...]
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December 26, 2023
Anthropic forecasts more than $850 million in annualized revenue rate by 2024-end – report
(Reuters) – Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualized revenue by the end of 2024, the Information reported on Tuesday, citing[...]
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Apple files appeal after Biden administration allows US ban on watch imports
By Blake Brittain (Reuters) -Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo, after U.S. President Joe Biden[...]
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Global stocks edge up, dollar holds near 5-month low
By Koh Gui Qing and Ankur Banerjee NEW YORK/SINGAPORE (Reuters) -Global stocks crept higher on Tuesday and the dollar lingered near a five-month low as investors held fast to bets that cooling U.S. in[...]
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Dollar falls, euro highest since August in thin holiday trading
By Karen Brettell NEW YORK (Reuters) -The dollar index fell on Tuesday and the euro hit a more than four-month high as investors waited on fresh clues to when the Federal Reserve is likely to begin cu[...]
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Twitter violated contract by failing to pay millions in bonuses, US judge rules
By Kanishka Singh WASHINGTON (Reuters) – Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees,[...]
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Oil jumps over 2% amid Red Sea vessel attacks, rate cut hopes
By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -Oil climbed more than 2% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea prompted fears of shippin[...]
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Shipping firms take first steps towards Red Sea return
By Tom Sims and Gus Trompiz FRANKFURT/PARIS (Reuters) -France’s CMA CGM is increasing the number of vessels travelling through the Suez Canal, it said on Tuesday, joining Maersk in returning to[...]
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US holiday retail sales grow 3.1%, down from prior year -Mastercard
(Reuters) -U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday. The increase is lower[...]
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