(Reuters) -Microsoft will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts…
Category: Business
Ripple applies for US national bank charter as crypto eyes next frontier
(Reuters) -Crypto firm Ripple is applying for a national bank charter in the United States, its CEO Brad Garlinghouse wrote…
Nvidia reclaimed market value pole position in June
(Reuters) -Nvidia reclaimed the top spot among the most valued companies worldwide in June, as its shares were supported by…
Home Depot targets contractors, rivals with $4.3 billion deal for GMS
By Savyata Mishra and Juveria Tabassum (Reuters) -Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty…
Paramount, Trump in ‘advanced’ settlement talks, court filing says
By David Shepardson and Dawn Chmielewski (Reuters) -Paramount Global and President Donald Trump are engaged in “good faith, advanced, settlement…
S&P 500 and Nasdaq notch first record high closes in months
(Reuters) -The S&P 500 and Nasdaq notched record high closes on Friday for the first time in months, rebounding from…
OpenAI turns to Google’s AI chips to power its products, The Information reports
(Reuters) -OpenAI has recently begun renting Google’s artificial intelligence chips to power ChatGPT and other products, The Information reported on…
T-Mobile to launch data service on satellite-based network in October
By Harshita Mary Varghese (Reuters) -T-Mobile will introduce a data service on its satellite-to-cell network, powered by SpaceX’s Starlink, at…
Walmart to pay $10 million to settle US FTC lawsuit over money transfer fraud
By Jonathan Stempel (Reuters) -Walmart has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit…
Microsoft prepared to abandon high-stakes talks with OpenAI, FT reports
(Reuters) -Microsoft is prepared to abandon its high-stakes negotiations with OpenAI over the future of its alliance, the Financial Times…