By Manya Saini and Jaiveer Shekhawat (Reuters) -PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products that have struggled in recent years as big tech expanded m[...]
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April 30, 2024
US newspapers sue OpenAI for copyright infringement over AI training
By Blake Brittain (Reuters) – A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misus[...]
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Fed’s balance sheet plans could take center stage this week
By Michael S. Derby NEW YORK (Reuters) – An announcement from the Federal Reserve to kick off the end game for its balance sheet runoff could come as early as this week’s policy meeting, a[...]
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Quagmire anyone? Fed watchers try to divine a confusing state of play
By Howard Schneider WASHINGTON (Reuters) – U.S. central bankers began spreading rate-cut fever late last year, with the economy seemingly on a clear path back to low inflation and officials proj[...]
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IBM wins reversal of $1.6 billion judgment to BMC over software contract
By Jonathan Stempel and Blake Brittain (Reuters) -A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly repl[...]
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‘Bitcoin Jesus’ arrested in Spain on US tax evasion charges
By Nate Raymond (Reuters) – An early investor in bitcoins dubbed the “Bitcoin Jesus” has been arrested in Spain on U.S. charges that he evaded paying at least $48 million in taxes, t[...]
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HSBC must prioritise Asian expertise in surprise CEO search
By Sinead Cruise, Lawrence White, Scott Murdoch and Selena Li LONDON/SYDNEY/HONG KONG (Reuters) -Under Chief Executive Noel Quinn, HSBC navigated a global pandemic and a push by rebel investors to bre[...]
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Explainer-How US change on marijuana would help cannabis companies
By Mrinalika Roy (Reuters) – The U.S. Justice Department is moving to make marijuana use a less serious federal crime with a proposal to reclassify the drug as on par with Tylenol with codeine,[...]
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Super Micro misses quarterly revenue estimates as inventory up, shares down 14%
By Akash Sriram and Stephen Nellis (Reuters) -Artificial intelligence server maker Super Micro Computer reported third-quarter revenue below estimates on Tuesday, hurt by a shortage of some crucial co[...]
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