By Daniel Leussink TOKYO (Reuters) – A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s trans[...]
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June 3, 2024
Wall Street ends slightly higher after soft manufacturing data, NYSE glitches
By Chibuike Oguh NEW YORK (Reuters) -S&P 500 and the Nasdaq edged higher in a choppy session on Monday amid soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts[...]
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Analysis-Macau casinos play best hands to win over premium customers
By Farah Master HONG KONG (Reuters) – A change in the type of customers coming to Macau has seen smaller casino operators MGM China and Wynn Macau reap rewards, while larger rivals Sands China a[...]
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New York set to restrict social media algorithms for teens, WSJ reports
(Reuters) – New York is planning to prohibit social media companies from using algorithms to control content to youth without parental consent under a tentative agreement reached by state lawmak[...]
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Exclusive-JPMorgan payments chief Georgakopoulos to leave, according to memo
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase’s global head of payments, Takis Georgakopoulos, is leaving to pursue other opportunities, prompting the bank to install new leaders atop one of[...]
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Ackman’s Pershing Square raises $1.05 billion in stake sale ahead of potential IPO
(Reuters) -Billionaire Bill Ackman’s Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offi[...]
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GameStop gains as Roaring Kitty reveals bet in Reddit post
By Medha Singh, Suzanne McGee and Caroline Valetkevitch (Reuters) -GameStop shares jumped 21% on Monday after the stocks influencer known as “Roaring Kitty” returned to Reddit with a post[...]
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Lower-income Americans booked fewer hotels in April, dampening industry outlook
By Doyinsola Oladipo NEW YORK (Reuters) – Lower-income Americans dialed back their travel spending in April as reduced savings, higher credit card delinquencies, and inflation weighed on househo[...]
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Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports
(Reuters) -Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday, adding to a flurry of layoffs seen in the technology and media industries this year. The[...]
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