By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing…
Category: Business
Goldman Sachs raises Brent oil forecast for second half of 2025 to $66
(Reuters) -Goldman Sachs raised its oil price forecasts for the second half of 2025 on Monday, citing the risk of…
X’s tumultuous journey under Elon Musk
(Reuters) -The CEO of X, Linda Yaccarino, said on Wednesday she would step down from the role in a surprise…
Explainer-Auto winners and losers of proposed EU-US export mechanism
(Reuters) -Brussels is considering pursuing a potential arrangement that would allow European automakers that produce and export cars from the…
US FTC demands better policing of ‘Made in USA’ online sales claims
By Jonathan Stempel (Reuters) -The U.S. Federal Trade Commission on Tuesday called on Amazon.com and Walmart to crack down on…
Meta takes around 3% stake in Ray-Ban-parent EssilorLuxottica, source says
By Elisa Anzolin and Juby Babu (Reuters) -Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica, a…
Bondholders, bidders ready objections to Gold Reserve group’s Citgo bid
By Marianna Parraga HOUSTON (Reuters) -Lawyers representing holders of a defaulted Venezuelan bond and some bidders that participated in a…
J.P.Morgan wary of stablecoin’s trillion-dollar growth bets, cuts them by half
By Rashika Singh (Reuters) -J.P.Morgan on Thursday forecast stablecoin growth will only reach $500 billion by 2028, calling trillion-dollar projections…
Analysis-Platinum prices have limited upside after June’s stellar rally
By Polina Devitt and Anushree Mukherjee LONDON (Reuters) -Platinum prices have limited room to rise further after a record quarterly…
AOS settles with US over unauthorized Huawei shipments
By Karen Freifeld (Reuters) -Alpha and Omega Semiconductor Limited has agreed to pay $4.25 million to settle with the U.S.…