By Krystal Hu and Akash Sriram (Reuters) -Microsoft-backed OpenAI has acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products, the ChatGPT m[...]
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June 21, 2024
Under Armour to pay $434 million to settle lawsuit over sales disclosures
(Reuters) -Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker of defrauding shareholders about its revenue growth in[...]
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US imposes sanctions on Russia’s AO Kaspersky Lab executives over cyber risks
WASHINGTON (Reuters) -The Biden administration slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after it announced plans to bar[...]
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S&P, Nasdaq end lower as Nvidia drags the tech sector for second day
By Echo Wang (Reuters) -The S&P 500 and Nasdaq closed marginally lower on Friday, weighed down by a decline in Nvidia shares for a second straight day, which dragged down the technology sector. Te[...]
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US Treasury receives $556.7 million from auction of airline warrants
By David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it received $556.7 million in proceeds from auctions to sell warrants in 11 major U.S. airlines the governm[...]
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VanEck sets 0.20% fee for proposed spot ethereum ETF
(Reuters) – Investment management firm VanEck plans to charge a fee of 0.20% on its proposed spot ethereum exchange-traded fund, according to a U.S. Securities and Exchange Commission filing on[...]
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US closer to curbing investments in China’s AI, tech sector
By Andrea Shalal, David Lawder, Karen Freifeld WASHINGTON/NEW YORK(Reuters) -The United States on Friday issued draft rules for banning or requiring notification of certain investments in artificial i[...]
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Stocks dip but up for the week, US dollar climbs
By Chuck Mikolajczak and Isla Binnie NEW YORK (Reuters) -A gauge of global stocks declined for a second straight session on Friday, weighed down by weakness in technology shares, while the dollar hit[...]
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Dollar edges higher, buoyed by monetary policy imbalance
By Laura Matthews NEW YORK (Reuters) -The dollar edged higher against other major currencies on Friday, hitting a fresh eight-week high against the yen as data showed a strong U.S. economy and as the[...]
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