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Stocks Flat to Down After CPI Data; Treasury Yields Ease

BY Reuters  • January 11, 2024January 12, 2024
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes were flat to lower on Thursday as data showed U.S. consumer price inflation came in above economists’ expectations in December,[...]
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Hewlett Packard Enterprise CEO Expects No China Challenge on $14 Billion Juniper Networks

BY Reuters  • January 11, 2024January 11, 2024
By Stephen Nellis (Reuters) – Hewlett Packard Enterprise (HPE) Chief Executive Antonio Neri told Reuters he does not foresee any major regulatory risks in China for his firm’s $14 billion[...]
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NEWSLETTER

Rite Aid Gets Court Approval For $575 Million Elixir Sale

BY Reuters  • January 9, 2024January 9, 2024
By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid Corp on Tuesday received bankruptcy court approval to sell its Elixir pharmacy benefit manager business for $575 million. Rite Aid[...]
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Bayer Plans U.S. Expansion

BY Reuters  • January 9, 2024January 9, 2024
By Patrick Wingrove SAN FRANCISCO (Reuters) – Germany’s Bayer will continue its expansion into the U.S. despite its November announcement that its promising blood thinner candidate failed[...]
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Fed’s Logan: Should Not Rule Out Another Rate Hike

BY Reuters  • January 6, 2024January 8, 2024
By Ann Saphir (Reuters) – Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the U.S. central bank may need to resume raising its short-term policy rate to keep a recen[...]
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NEWSLETTER

OpenAI Boss Sam Altman Says Muslims in Tech World Fear Retaliation in Speaking Up

BY Reuters  • January 5, 2024January 5, 2024
By Kanishka Singh WASHINGTON (Reuters) – OpenAI CEO Sam Altman said on Thursday he felt members of the Muslim and Arab communities in the tech industry were uncomfortable speaking about their re[...]
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NEWSLETTER

Apple Agrees to Settle Lawsuit Over iTunes Gift Card Scam

BY Reuters  • January 3, 2024January 4, 2024
By Jonathan Stempel (Reuters) – Apple has agreed to settle a lawsuit accusing the company of knowingly letting scammers exploit its gift cards, and keep stolen funds for itself. According to a f[...]
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NEWSLETTER

Apple Hits Seven-Week Low After Barclays Downgrade on Demand Concerns

BY Reuters  • January 2, 2024January 3, 2024
By Aditya Soni and Medha Singh (Reuters) -Apple on Tuesday fell nearly 3.6% to a seven-week low after Barclays downgraded the shares of the world’s most valuable company on concerns that demand[...]
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Sam Bankman-Fried Will Not Face a Second Trial

BY Reuters  • December 30, 2023January 2, 2024
By Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-b[...]
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