Zscaler, Inc. (NASDAQ: ZS) faced a sharp decline in its shares on Wednesday due to concerns arising from intensified competition posed by Microsoft (NASDAQ: MSFT). The cause for worry stems from Microsoft’s recent introduction of two new products: Microsoft Entra Internet Access and Microsoft Entra Private Access. These offerings are part of Microsoft’s…
By Moira Warburton and Ann Saphir WASHINGTON (Reuters) -U.S. President Joe Biden’s three Federal Reserve Board nominees, including his pick to fill the influential Fed vice chair post, advanced toward full Senate confirmation after winning backing from the Senate Banking Committee on Wednesday. Lawmakers led by the panel’s chair, Democrat Sherrod Brown, voted unanimously in…
PARIS (Reuters) -With the exception of Canada, countries with digital services taxes have agreed to hold off applying them for at least another year as a global multinationals tax deal to replace them was pushed back, the OECD said on Wednesday. More than 140 countries were supposed to start implementing next year a 2021 deal…
By Daniel Wiessner (Reuters) – Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company. Courtney McMillian, who oversaw Twitter’s employee benefits programs as its “head of total rewards”…
(Reuters) – Nearly 100 million Americans are facing a prolonged spell of sweltering weather this week, with the National Weather Forecast issuing heat advisories for many cities and towns across the country. In many places in the Southwest, where hot summers are the norm, extreme temperatures are in the forecast. Here are some of the…
By Sharon Bernstein and Julia Harte (Reuters) -Iowa’s Republican-controlled legislature passed a bill in a special session on Tuesday banning abortions as soon as fetal cardiac activity can be detected, after around six weeks of pregnancy and before most women know they are pregnant. The ban is expected to swiftly be signed into law by…
By Lisa Richwine LOS ANGELES (Reuters) -Negotiators for the SAG-AFTRA actors union agreed late Tuesday to call in a federal mediator to try to forge a last-minute agreement with Hollywood studios and avoid a second simultaneous strike in the entertainment business. The 160,000 members of SAG-AFTRA, Hollywood’s largest union, have authorized a strike if a…
(Reuters) – Roblox Corp’s eponymous online game will soon be available on Meta Platforms’ Quest virtual reality (VR) headsets, according to a blog post by Meta on Wednesday. The game will arrive as a beta version, initially on Quest 2 and Quest Pro, in the coming weeks. “The open beta is a great opportunity for…
By David Shepardson WASHINGTON (Reuters) -U.S. regulators will soon decide on a petition filed by General Motors’ Cruise self-driving technology unit seeking permission to deploy up to 2,500 self-driving vehicles annually without human controls, a top auto safety official said on Wednesday. The petition, filed in February 2022, seeks government approval to deploy vehicles annually…
By Granth Vanaik and Juveria Tabassum (Reuters) -Domino’s Pizza shares surged 10% on Wednesday after the chain said customers can start using Uber’s Uber Eats and Postmates apps for orders, as it tries to jolt its sluggish delivery business. Domino’s said Uber Eats will be its exclusive third-party platform in the U.S. until at least…
