By Aditya Soni (Reuters) -Microsoft on Thursday briefly overtook Apple as the world’s most valuable company for the first time since 2021 after the iPhone maker’s shares made a weak start to the year on growing concerns over demand. Microsoft’s shares have risen sharply since last year, thanks to the early lead the company has…
By Daniel Wiessner (Reuters) -The U.S. Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as employees rather than less expensive independent contractors, in a move that has riled business groups and will likely prompt legal challenges. The rule is widely expected to increase labor costs for…
(Reuters) – Meta Platforms said on Tuesday it would hide more content from teens on Instagram and Facebook, after regulators around the globe pressed the social media giant to protect children from harmful content on its apps. All teens will now be placed into the most restrictive content control settings on the apps and additional…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil’s write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay…
(Reuters) – Shares of Nvidia surged to a record high close on Monday after the world’s most valuable chipmaker unveiled new desktop graphics processors taking advantage of artificial intelligence. Nvidia’s stock climbed 6.4% to end at $522.53, its highest close ever, after the company announced the GeForce RTX 40 SUPER Series of graphics processors, aimed…
By Simon Lewis, Nidal al-Mughrabi and Emily Rose AMMAN/CAIRO/JERUSALEM (Reuters) -The top U.S. diplomat swept through the Middle East on Sunday, warning that the Gaza conflict could spread across the region without concerted peace efforts, although Israel’s leader vowed to continue the war until Hamas was eliminated. U.S. Secretary of State Antony Blinken, at the…
TOKYO (Reuters) – Toyota Motor said it would restart its Japanese vehicle plants on Monday but, given the impact of the New Year’s Day earthquake, would decide separately about operations from Jan. 15. As aftershocks are continuing from the magnitude 7.6 quake that ravaged Japan’s western coast and many of its suppliers and their affiliates…
By Joey Roulette WASHINGTON (Reuters) -A lot is riding on the first launch of the new Vulcan rocket by the United Launch Alliance, a joint venture of Boeing and Lockheed Martin. A successful launch at Cape Canaveral next week would allow ULA to fulfill a deep backlog of missions worth hundreds of millions of dollars…
By Ann Saphir (Reuters) – Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the U.S. central bank may need to resume raising its short-term policy rate to keep a recent decline in long-term bond yields from rekindling inflation. “If we don’t maintain sufficiently tight financial conditions, there is a risk that…
(Reuters) -Some of BP’s largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant’s next boss, Sky News reported on Saturday, citing unidentified sources. Several large investors believe that BP should target the appointment of an external candidate as its CEO, according to the report….
