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Oil prices climb amid uncertainty over Iran president’s fate
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Tuesday, May 14
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SRN News
Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
BUENOS AIRES, Argentina (AP) — Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing ...
Tuesday, May 14
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SRN News
TikTok content creators sue the U.S. government over law that could ban the popular platform
Eight TikTok content creators sued the U.S. government on Tuesday, issuing another challenge to the new federal law that would ban the popular social media platform nationwide if its China-based parent company doesn’t sell its stakes within a year. Attorneys for the creators argued ...
Tuesday, May 14
by
SRN News
Google unleashes AI in search, raising hopes for better results and fears about less web traffic
MOUNTAIN VIEW, Calif. (AP) — Google on Tuesday rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links, a shift promising to quicken the quest for information while also potentially disrupting the flow of money-making internet ...
Tuesday, May 14
by
SRN News
US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico
WASHINGTON (AP) — The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the ...
Tuesday, May 14
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SRN News
TikTok creators file suit to block US divestment or ban law
WASHINGTON (Reuters) – A group of TikTok creators said Tuesday they filed suit in U.S. federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 ...
Tuesday, May 14
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SRN News
US agency settles probes into America Movil undersea cable system
By David Shepardson WASHINGTON (Reuters) – The Federal Communications Commission (FCC) said on Tuesday it has resolved two investigations into the America Movil Submarine Cable System that connects the United States to Colombia and Costa Rica. The commission said the undersea cable ...
Tuesday, May 14
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SRN News
Alibaba’s profit in Q4 tumbles due to equity investments, New York-listed stock plunges
HONG KONG (AP) — Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Its net income for the quarter ended March was 3.3 ...
Tuesday, May 14
by
SRN News
Google’s unleashes AI in search, raising hopes for better results and fears about less web traffic
MOUNTAIN VIEW, Calif. (AP) — Google on Tuesday rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links, a shift promising to quicken the quest for information while also potentially disrupting the flow of money-making internet ...
Tuesday, May 14
by
SRN News
Red Lobster closes dozens of locations across the US just months after ‘endless shrimp’ losses
NEW YORK (AP) — Dozens of Red Lobster locations across the U.S. are on the chopping block. Restaurant liquidator TAGeX Brands announced this week that it would be auctioning off the equipment of over 50 Red Lobster locations that were recently closed as part of ...
Tuesday, May 14
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SRN News
Meme stocks are roaring again. This time may be different
NEW YORK (AP) — Meme stocks are shaking Wall Street once again. That shouldn’t be much of a surprise. Ever since bands of smaller-pocketed and novice investors began taking stock prices of downtrodden companies to breathtaking heights three years ago, the potential for more ...
Tuesday, May 14
by
SRN News
US suggests additional tariffs if production of Chinese electric vehicles moves to Mexico
WASHINGTON (AP) — The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of ...
Tuesday, May 14
by
SRN News
Citi executive in charge of implementing bank’s restructuring departs
(Reuters) – Citigroup’s Titi Cole, a top executive in charge of implementing its sweeping restructuring plan, is leaving the bank, an internal memo seen by Reuters showed on Tuesday. Cole, as the head of legacy franchises, executed the third largest ...
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