(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
Year: 2024
Hindenburg takes aim at AI server maker Super Micro with short position
(Reuters) -Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged “accounting manipulation” at the AI server maker, the latest by
Chipotle denied raises to unionized workers, US labor agency says
By Daniel Wiessner (Reuters) – U.S. labor board prosecutors have determined that a union’s claims that Chipotle Mexican Grill illegally refused to give raises to
JPMorgan Chase is sued over low rates on cash sweeps
NEW YORK (Reuters) – JPMorgan Chase has been accused in a new lawsuit of sweeping customers’ idle cash into accounts with “unreasonably” low interest rates.
Kroger-Albertsons merger hurts shoppers, FTC says at trial
By Jody Godoy, Deborah Bloom PORTLAND, Oregon (Reuters) -The U.S. Federal Trade Commission kicked off a trial on Monday in its bid to block Kroger’s
Meta Platforms strikes geothermal energy deal with Sage Geosystems to power US data centers
-Facebook owner Meta Platforms struck a deal to buy up to 150 MW of geothermal power from Sage Geosystems to supply its U.S. data centers,
Trump struggles to keep media spotlight in battle with Harris
By Nathan Layne (Reuters) – Donald Trump touted his plan to end taxation on tips at a stop in Las Vegas on Friday, trying to
Harris, Walz take campaign to Georgia next week
WASHINGTON (Reuters) – Kamala Harris and Tim Walz take their Democratic campaign for the White House on a bus tour through Georgia next week, looking
Eli Lilly Alzheimer’s drug to be blocked for use by NHS, The Telegraph reports
(Reuters) -Eli Lilly’s treatment for early Alzheimer’s is expected to be blocked for use by Britain’s National Health Service (NHS), the Telegraph reported on Friday.
Fed’s actions spoke louder than words in inflation fight, research shows
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – The Federal Reserve’s credibility in the eyes of financial markets helped in its battle against inflation over