(Reuters) -Alphabet-owned Google on Tuesday said it is cutting jobs at mapping app Waze as it merges the app’s advertising system with Google Ads technology, without giving details on the number of layoffs. “In order to create a better, more seamless long-term experience for Waze advertisers, we’ve begun transitioning Waze’s existing advertising system to Google…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stock indexes rebounded on Tuesday from a recent losing streak as upbeat economic data soothed investor worries about an imminent recession triggered by the Federal Reserve’s aggressive interest rate hikes. Separate reports showed new orders for key U.S.-manufactured capital goods unexpectedly rose in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets reach the half-way point of the week with a spring in their step, after surprisingly strong U.S. economic data on Tuesday put thoughts of a slowdown or recession to the back of investors’…
By Tom Hals WILMINGTON, Delaware (Reuters) – The Walt Disney Co board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative legal group. The ruling by Lori Will of…
By Farouq Suleiman LONDON (Reuters) – A portrait of an unnamed woman by Austrian artist Gustav Klimt sold for 85.3 million pounds ($108.4 million) on Tuesday, setting a new record price for any work of art sold at an auction in Europe, London-based auction house Sotheby’s said. The painting, which had been given a guide…
By Aishwarya Nair (Reuters) – Circor International Inc said on Tuesday it would proceed with plans to sell itself to private equity firm KKR & Co Inc in a $1.7 billion deal after snubbing an offer from an unnamed bidder, which sources identified as private equity firm Arcline Investment Management. Circor, an industrial machinery maker,…
By Kanishka Singh WASHINGTON (Reuters) – A former police chief in Maryland, who was labeled a serial arsonist by law enforcement officials and convicted of setting several fires over a span of nine years targeting his enemies, was sentenced on Tuesday to life in prison. David Crawford, 71, of Ellicott City who served as police…
By Karen Freifeld and Luc Cohen (Reuters) -A U.S. judge on Tuesday said he would likely decline former U.S. President Donald Trump’s bid to move from state to federal court a criminal case stemming from a hush money payment to a porn star. Trump’s lawyers say federal court is the proper venue for the case,…
(Reuters) – The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia and Advanced Micro Devices (AMD) fell about 1.4% on the news. Nvidia, Micron, and AMD are among the U.S. chipmakers caught in…
(Reuters) – The United States is considering new restrictions on exports of artificial intelligence chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia and Advanced Micro Devices (AMD) fell about 1.4% on the news. Nvidia, Micron, and AMD are among the U.S. chipmakers caught in…
