By Chuck Mikolajczak NEW YORK (Reuters) -The S&P 500 and Dow lost ground and closed lower on Tuesday, pressured by a modest rise in Treasury yields as investors assessed the timing and size of any[...]
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January 9, 2024
FAA faces tough questions about Boeing oversight after 737 MAX emergency
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration is facing questions about its oversight of planemaker Boeing following the emergency landing on Friday of an Alaska Airlin[...]
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Amazon’s Twitch to lay off 35% of workforce- Bloomberg News
(Reuters) – Amazon.com’s streaming unit Twitch is set to cut 35% of its staff, or about 500 workers, Bloomberg News reported on Tuesday, citing people familiar with the plans. The move cou[...]
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Intel challenges Nvidia, Qualcomm with ‘AI PC’ chips for cars
By Joseph White DETROIT (Reuters) – Intel said on Tuesday it will launch automotive versions of its newest AI-enabled chips, taking on Qualcomm and Nvidia in the market for semiconductors that c[...]
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SVB Financial plans to hand VC business to creditors
By Dietrich Knauth NEW YORK (Reuters) -The bankrupt parent company of Silicon Valley Bank plans to turn over its remaining venture capital business to a new, creditor-backed company while it continues[...]
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Stocks ease, yields inch up ahead of US inflation data, earnings
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes mostly dipped and Treasury yields edged higher on Tuesday, with investors bracing for key U.S. inflation data this week and the start[...]
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Biden administration issues rule that could curb ‘gig’ work, contracting
By Daniel Wiessner (Reuters) -The U.S. Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as employees rather than less expensive independent contractor[...]
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Tyson Foods, Cargill idle US beef plants due to snowstorm
By Tom Polansek CHICAGO (Reuters) -Tyson Foods and Cargill said on Tuesday they suspended operations at beef plants in Kansas due to a massive snowstorm, reducing U.S. meat production. Blizzard-like c[...]
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BlackRock announces cuts of roughly 600 jobs
By David Randall and Jaiveer Shekhawat NEW YORK (Reuters) – BlackRock, the world’s largest asset manager, on Tuesday said it will cut about 3% of its current workforce, though it expects t[...]
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