Boeing halts hiring and considers furloughs, strike enters fourth day
Boeing union members rejected a collective bargaining agreement last week Union: Negotiations to resume on Tuesday Union members angry about decades of wage stagnation Boeing struggles with aircraft production and debt crisis SEATTLE, Sept 16 (Reuters) – Boeing is halting…
According to Microsoft, the productivity software suite has been restored after an outage
September 12 (Reuters) – Microsoft (MSFT.O)opens new tab said its cloud-based productivity software suite, which includes Word, Excel and Teams among other widely used tools, had recovered from an outage that affected thousands of users on Thursday. “We can confirm…
Bank of England publishes almost final Basel capital adequacy rules on 12 September
LONDON, Aug 29 (Reuters) – The Bank of England said on Thursday it would release its “near-final” interpretation of the Basel capital reforms for banks, aimed at protecting global banks from shocks, on Sept. 12, amid growing speculation that implementation…
Inflation data helps European stocks shake off Nvidia results; Delivery Hero gains
German consumer prices fall more than expected DAX closes at record high Delivery Hero reports strong increase after stronger than expected GMV growth French spirits makers gain after China lifts provisional measures on brandy STOXX 600 rises by 0.8 percent…
Telegram boss’s lawyer dismisses investigations against Durov as absurd
PARIS, Aug 29 (Reuters) – A lawyer for Telegram boss Pavel Durov, who is under investigation in France, said it was “completely absurd” to claim that the head of a social network was responsible for any crimes committed on the…
Oil price stable as supply problems in Libya offset less-than-expected US inventory reductions
Aug 29 (Reuters) – Oil prices steadied on Thursday after two sessions of losses as supply concerns about Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories dampened demand expectations. Brent crude futures fell 7 cents, or…
Nvidia’s forecast dampens AI enthusiasm of other technology stocks
Nvidia loses $200 billion in market value Other AI companies such as Broadcom, AMD, Microsoft and Amazon are also losing ground Investors’ high expectations led to disappointment despite Nvidia’s strong earnings August 28 (Reuters) – Nvidia shares (NVDA.O)opens new tab…
Share prices unchanged ahead of Nvidia earnings and US economic data
Wall Street indices slightly down Nvidia earnings expected after market close Dollar recovers Gold price falls Crude oil falls NEW YORK/LONDON, Aug 28 (Reuters) – Global stock markets fell while the U.S. dollar recovered on Wednesday ahead of the release…
TuSimple, maker of self-driving trucks, settles fraud lawsuit for $189 million
Aug 27 (Reuters) – TuSimple (TSPH.PK)opens new tab A $189 million settlement has been reached in a lawsuit accusing the self-driving truck technology company of defrauding shareholders by exaggerating its safety record and concealing three insiders’ control of a Chinese…
Stock prices fall slightly, oil price rises due to supply concerns in the Middle East and Libya
Article 1 of 3 Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. REUTERS/Brendan McDermid/File Photo (1/3)Traders work on the trading floor of the New York Stock Exchange…
