Category Archives:
TikTok to delay launch of US shopping platform – WSJ
(Reuters) - Bytedance, TikTok's Chinese parent, has delayed the roll out of its shopping platform in the United States, according to a report by the Wall Street Journal on Wednesday, citing sources fa...
May 10, 2023
Biden restricts asylum access at Mexico border as Title 42 ends
By Ted Hesson and Kristina Cooke WASHINGTON (Reuters) - The U.S. will roll out a new regulation on Wednesday that would deny asylum to most migrants crossing the U.S.-Mexico border illegally, a key pa...
May 10, 2023
AI lending firm Upstart jumps as $2 billion funding news squeezes bears
(Reuters) - Shares of highly shorted Upstart Holdings jumped 32% in premarket trading on Wednesday, squeezing out bearish investors, after the artificial intelligence-driven lending marketplace secure...
May 10, 2023
CEO-led consortium to take Franchise Group private in $2.6 billion deal
(Reuters) - Vitamin Shoppe owner Franchise Group Inc would be taken private by a management group led by CEO Brian Kahn in a deal valued at about $2.6 billion, the company said on Wednesday. The conso...
May 10, 2023
Airbnb tumbles as forecast hints at easing U.S. travel demand
(Reuters) - Airbnb's shares slid 13% before the bell on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled that the high cost of travel may be finally ca...
May 10, 2023
Big U.S. firms adopt cautious tone on China recovery
(Reuters) - Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China, blaming what they said was a slower-than-expected recovery after...
May 10, 2023
Tellurian appoints Barclays’ Simon Oxley as CFO
(Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Wednesday it has appointed Simon Oxley as chief financial officer, effective June 1. Oxley, who worked at Barclays Investme...
May 10, 2023
China reports first arrest over fake news generated by ChatGPT
BEIJING (Reuters) - A man in China's Gansu province has been detained for allegedly using ChatGPT to generate a fake story about a train crash, marking China's first arrest in an AI-related probe as B...
May 10, 2023
Pharma CEOs to testify in U.S. Senate hearing on insulin prices
By Ahmed Aboulenein WASHINGTON (Reuters) - The leaders of major insulin makers and pharmacy benefit managers (PBMs) are set to blame each other on Wednesday in their testimonies during a U.S. Senate c...
May 10, 2023
New York Times misses revenue estimates as ad spending slows
(Reuters) -The New York Times Co missed quarterly revenue estimates on Wednesday as recession-wary businesses slashed spending on digital ads and readers reconsidered paid subscriptions. High inflatio...
May 10, 2023
Peoria, IL, USA
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