By Katie Paul (Reuters) -Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for Chief Executive Mark Zuckerberg’s break into the higher-end market for extended reality computing devices. The headset, introduced at Meta’s annual Connect conference, will hit shelves on Oct. 25 at a price of $1,500, and…
NEW YORK (AP) — TikTok appears to be deepening its foray into e-commerce with plans to operate its own U.S. warehouses, the kind of packing and shipping facilities more associated with Amazon or Walmart than the social media platform best known for addictive short videos. In the past two weeks, TikTok has posted several job…
By Valentina Za, Giuseppe Fonte and Pamela Barbaglia MILAN (Reuters) -Monte dei Paschi di Siena’s talks with banks set to guarantee its latest share sale will stretch into Wednesday as the underwriters seek reassurances about how much stock they could be left holding, four people with knowledge of the matter said. MPS had scheduled a…
By Pete Schroeder and David Milliken WASHINGTON/LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday that British pension funds and other investors hit hard by a slump in bond prices had just three days left to fix their problems before the central bank would withdraw support. Only hours earlier, the BoE expanded its…
SAN JOSE, Calif. (AP) — A former manager for a Silicon Valley security business testified at a sheriff’s civil corruption trial that he and the company’s CEO agreed to provide political donations in exchange for concealed-weapons permits. Martin Nielsen, who implicated a Santa Clara County sheriff’s captain and others in the alleged bribery scheme, testified…
By Aishwarya Venugopal and Ananya Mariam Rajesh (Reuters) – Amazon.com Inc fired up the holiday shopping season with its second major sales event of the year as rivals from Walmart to Best Buy joined in with discounts to woo customers grappling with inflation-squeezed Christmas budgets. The two-day “Prime Early Access Sale” shopping event for Amazon…
By David Shepardson WASHINGTON (Reuters) -Drivers using advanced driver assistance systems like Tesla Autopilot or General Motors Super Cruise often treat their vehicles as fully self-driving despite warnings, a new study has found. The Insurance Institute for Highway Safety (IIHS), an industry funded group that prods automakers to make safer vehicles, said on Tuesday a…
LONDON (Reuters) – Defaults among emerging market companies continued to pile up in the third quarter due to troubles in Russia as well as China’s property sector, with the volume of bonds trading at distressed levels close to record highs, JPMorgan said on Tuesday. The year-to-date default rate for emerging market high-yield firms reached 10.3%,…
(Reuters) – Shares of Uber Inc, Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a U.S. proposal to deter companies from treating workers as independent contractors would raise costs for the barely profitable firms. The U.S. Labor Department’s proposal will require workers to be considered a company’s employees – who…
By Devik Jain and Amruta Khandekar (Reuters) -European shares fell for a fifth straight session on Tuesday, as investors fretted about the prospects of a global economic downturn and corporate profits being squeezed by rising interest rates as central banks step up their fight against inflation. The region-wide STOXX 600 index closed down 0.6%, hitting…
