By Luc Cohen NEW YORK (Reuters) – U.S. prosecutors on Monday said they opposed a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of stealin[...]
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May 30, 2023
Nvidia shorts extend mark-to-market losses as market cap hits $1 trln -S3 Partners
By Caroline Valetkevitch NEW YORK (Reuters) – Short sellers in shares of Nvidia Corp were down $4.1 billion in mark-to-market losses in three trading days, according to financial data firm S3 Pa[...]
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Microsoft says UK regulator an ‘outlier’ for blocking Activision deal
By Sam Tobin and Paul Sandle LONDON (Reuters) – Microsoft on Tuesday accused Britain’s anti-trust regulator of being a global “outlier” in blocking its $69 billion takeover of[...]
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UK scrutinises supermarket profits as food prices stay high
By Muvija M LONDON (Reuters) – Britain’s competition regulator told supermarkets on Tuesday it was looking at their earnings to identify which supply chains it needed to examine more close[...]
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Factbox-Nvidia joins tech titans in trillion-dollar club
(Reuters) – Nvidia Corp on Tuesday became the first chipmaker to join Wall Street’s trillion-dollar club dominated by technology heavyweights such as Apple Inc and Microsoft Corp. The boom[...]
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Shyft Group’s new Blue Arc launching medium-duty electric vans, trucks
By Paul Lienert DETROIT (Reuters) -Michigan-based Shyft Group, a multi-brand manufacturer of medium-duty specialty vehicles, is preparing to launch production this fall of a new line of electric truck[...]
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House swaps and dog walks: Travelers find cheaper alternatives to lodging
By Doyinsola Oladipo NEW YORK (Reuters) – Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgi[...]
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Labor costs aren’t driving up inflation: SF Fed paper
Rising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco said on Tuesday, a finding that may undercut the argument that wage gains are[...]
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Insurers’ climate alliance loses nearly half its members after more quit
By Tommy Wilkes LONDON (Reuters) -Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance, leaving the group with about half the number of mem[...]
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