By Yuvraj Malik (Reuters) -Shares of Reddit rose 13% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to boost advertising income for the social media platf[...]
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May 17, 2024
Goldman Sachs looks to expand private equity credit lines as dealmaking picks up
By Saeed Azhar NEW YORK (Reuters) – U.S. investment bank Goldman Sachs is muscling into the lending market for private equity and asset managers, planning an overseas expansion as it helps fill[...]
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Fed’s Bowman repeats she’s willing to hike rates if needed
(Reuters) – U.S. Federal Reserve Governor Michelle Bowman on Friday repeated her view that inflation will fall further with the policy rate held steady, but said she has seen no improvement on i[...]
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GameStop tumbles on capital raise plans after meme-stocks frenzy this week
By Medha Singh (Reuters) – Retail darling GameStop slumped 26% on Friday after the struggling videogame retailer said it would sell up to 45 million shares, taking advantage of the meme-stocks f[...]
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BlackRock in talks with governments about investments to power AI
ROME (Reuters) – BlackRock is in talks with various governments over ways to fund critical investments to support artificial intelligence (AI), including increasing the power supply, the CEO of[...]
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Citgo share bidders can be asked how accommodate bondholder claims, judge rules
(Reuters) -Bidders in a U.S. court auction of shares that will decide the ownership of Venezuela-owned U.S. oil refiner Citgo Petroleum can be required to say if their binding offers cover claims by V[...]
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Canada security intelligence chief warns China can use TikTok to spy on users, CBC reports
(Reuters) -The head of Canada’s Security Intelligence Service warned Canadians against using video app TikTok, saying data gleaned from its users “is available to the government of China,[...]
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Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut
(Reuters) – Super Hi International jumped 38% in its debut on Nasdaq, giving the operator of Chinese hotpot restaurant chain Haidilao a valuation of about $1.74 billion. Shares opened at $27 per[...]
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Fed Chair Powell tests positive for COVID-19, working from home
(Reuters) -Federal Reserve Chair Jerome Powell tested positive for COVID-19 on Thursday and is currently working from home, a Fed spokesperson said in an emailed statement. “Chair Powell tested[...]
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