(Reuters) – Elon Musk’s xAI has laid off at least 500 workers from its data annotation team, which helps develop…
Category: Newsletters
Stocks rise, dollar falls as soft US jobs data fuels rate cut bets
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – MSCI’s global equities gauge hit a record high on Thursday…
Following Pentagon rebrand, White House creates War Directorate, sources say
By Gram Slattery WASHINGTON (Reuters) -Days after U.S. President Donald Trump signed an executive order renaming the Department of Defense…
Musk’s xAI lays off hundreds of data annotators, Business Insider reports
(Reuters) – Elon Musk’s xAI has laid off at least 500 workers from its data annotation team, which helps develop…
Investors seek Fed’s view of shaky labor market as rate cut looms
By Lewis Krauskopf NEW YORK (Reuters) -Investors will look for the Federal Reserve to communicate how worried it is about…
Kraft Heinz split may come too late to fend off growing MAHA threat
By Jessica DiNapoli NEW YORK (Reuters) -Kraft Heinz’s announcement this month that it would split was a belated acknowledgment that…
US tariffs, pricing risks to be manageable for Big Pharma, Morningstar says
(Reuters) -The impact of U.S. President Donald Trump’s plan to levy import duties on pharmaceutical products and his push to…
Chipotle to enter Asia in 2026 with burrito chains in South Korea, Singapore
Top News Today Merrill creates new division to increase credit offerings to the wealthy NEW YORK (Reuters) -Merrill Wealth Management…
Trading Day: Thumping job revisions, looming inflation
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets…
BofA expects investment banking fees to grow 10% to 15% in 3Q
NEW YORK (Reuters) -Bank of America expects investment banking fees to increase 10% to 15% in the third quarter from…