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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
Google launches Trillium chip, improving AI data center performance fivefold
By Max A. Cherney (Reuters) – Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version. “Industry demand for (machine learning) ...
Tuesday, May 14
by
SRN News
Meta to shut Workplace app to focus on AI, metaverse
(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting June 2026 for customers but Meta will ...
Tuesday, May 14
by
SRN News
As Melinda French Gates leaves the Gates Foundation, many hope she’ll double down on gender equity
NEW YORK (AP) — Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States and is now poised to put another $12.5 billion toward intractable problems like closing the gender pay gap and increasing women’s political ...
Tuesday, May 14
by
SRN News
8 dead, at least 40 injured as farmworkers’ bus overturns in central Florida
OCALA, Fla. (AP) — A bus carrying farmworkers in central Florida overturned on Tuesday, killing eight people and injuring about 40 other passengers, authorities said. The bus was transporting 53 farmworkers at about 6:40 a.m. when it collided with a truck in Marion County, north ...
Tuesday, May 14
by
SRN News
Converse to cut jobs as part of Nike’s cost-savings plan, Bloomberg News reports
(Reuters) -Footwear brand Converse will cut jobs as part of parent company Nike’s on-going $2 billion cost savings plan, Bloomberg News reported on Tuesday citing an internal memo. Nike had laid out a costs saving plan in December that would stretch over the next ...
Tuesday, May 14
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SRN News
Explainer-Why are meme stocks rallying again?
By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that ...
Tuesday, May 14
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SRN News
China’s BYD unveils mid-size hybrid pickup in Mexico
MEXICO CITY (Reuters) -Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, in Mexico on Tuesday. This is the first time the world’s largest electric vehicle (EV) maker has launched a new product outside of its home country, Chief of Americas Stella Li ...
Tuesday, May 14
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SRN News
Fed’s Powell downplays potential for a rate hike despite higher price pressures
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Yet Powell, ...
Tuesday, May 14
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SRN News
Argentina traders bet on another big rate cut as inflation eases
By Jorge Otaola BUENOS AIRES (Reuters) – Argentine market traders are betting the central bank will cut its benchmark interest rate again this week given the slowdown in monthly inflation and a planned Treasury debt auction, two money market sources and ...
Tuesday, May 14
by
SRN News
Tesco’s 10 million pound man – CEO’s annual pay package doubles
LONDON (Reuters) – The boss of Tesco, Britain’s largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when millions of its customers battled a cost ...
Tuesday, May 14
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SRN News
BHP boss appeals to Anglo investors after bid rejections
JOHANNESBURG/ LONDON (Reuters) -BHP Chief Executive Mike Henry said that Anglo American investors need to consider the merits of his company’s bid for its smaller London-listed rival, seeking to drum up support for a proposal that has been rejected twice. The CEO of the world’s ...
Tuesday, May 14
by
SRN News
Ten federal agencies receive ‘A+’ in annual scorecard measuring small business contracting goals
NEW YORK (AP) — Federal grants can be a huge boost for small businesses. And some federal agencies do better at giving grants to small businesses than others. The Small Business Administration released its annual scorecard measuring how well federal agencies meet their small business ...
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