By Jonathan Stempel (Reuters) – TuSimple reached a $189 million settlement of a lawsuit accusing the self-driving truck technology company of defrauding shareholders by overstating its safety re[...]
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Articles written by Reuters
Oil prices fall 2% on economic worries, technical decline
By Scott DiSavino NEW YORK (Reuters) – Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices su[...]
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IDC raises annual global smartphone shipments forecast on GenAI optimism
(Reuters) – Research firm IDC raised its forecast for full-year global smartphone shipments on Tuesday, citing strong growth in the first half of the year as consumer electronics demand recovers[...]
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Chicago and NY Fed directors favored discount rate cut in July
By Michael S. Derby (Reuters) -Members of the boards of directors overseeing the Chicago and New York Federal Reserve banks voted in favor of lowering by a quarter percentage point the central bank’s[...]
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US consumer confidence scales six-month high, labor market angst rises
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence rose to a six-month high in August amid optimism over the economic outlook, but Americans are becoming more anxious about the la[...]
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Meta to shut augmented reality studio used by third-party creators
(Reuters) – Meta Platforms will shut down the augmented reality studio that third-party creators used for making custom Instagram and Facebook effects, the social media giant said on Tuesday, as[...]
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Thousands of workers at UK retailer Next win equal pay case
LONDON (Reuters) – More than 3,500 current and former shop workers at British retailer Next have won a six-year legal fight for equal pay, lawyers representing the claimants said on Tuesday. An[...]
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BBVA’s Colombian unit issues ordinary shares worth $217.9 million
BOGOTA (Reuters) – The Colombian unit of bank BBVA has issued ordinary shares worth 877 billion pesos ($218 million), the Colombian stock exchange said in a statement on Tuesday. The Colombian u[...]
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Vale shares rise as markets welcome CEO appointment
By Gabriel Araujo SAO PAULO (Reuters) – Shares of Vale rose on Tuesday as analysts and investors welcomed the appointment of Gustavo Pimenta as the Brazilian miner’s next CEO, starting nex[...]
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