By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that the Internal Revenue Service will be able to electronically accept 20 additional tax forms by early 2024, but warned its progress in modernizing systems and improving customer service would be hurt if Congress cuts the tax agency’s funding. In remarks…
BEIJING/SHANGHAI (Reuters) -Baidu ordered artificial intelligence chips from Huawei this year, two people familiar with the matter said, adding to signs that U.S. pressure is prompting Chinese acceptance of the firm’s products as an alternative to Nvidia’s. One of the people said Baidu, one of China’s leading AI firms, which operates the Ernie large language…
By Suzanne McGee (Reuters) – The weakening of a long-established correlation between the price of exchange-traded funds (ETFs) tied to gold and gold mining stocks have investors eyeing a range of potential causes, including massive buying from global central banks and shortfalls in gold production. The SPDR Gold Shares ETF, which tracks the price of…
(Reuters) – WeWork, the SoftBank Group-backed startup, sought U.S. bankruptcy protection on Monday after its bets on companies using more of its office-sharing space soured. Below is a timeline of WeWork developments since mid-2019: Aug 2019 WeWork filed for an IPO and published detailed financial statements that showed it lost almost $700 million in the…
LIMA (Reuters) – The head of Peru’s mining guild on Tuesday said that while copper mining investment might be slow to recover next year, the Andean country could still see growth in production of the metal if large-scale mines are not affected by social protests. Victor Gobitz, president of SNMP – the top mining guild…
