GitLab soars on plan for new AI-powered product
By Chibuike Oguh NEW YORK (Reuters) – Shares of GitLab Inc jumped more than 35% on Tuesday after the software…
Business
Merck sues US government to halt Medicare drug price negotiation
By Michael Erman NEW YORK (Reuters) -Merck & Co sued the U.S. government on Tuesday, seeking to halt the Medicare…
Reddit to lay off about 5% of its workforce
(Reuters) – Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a…
Alternative asset specialist Beneficient set to complete $3.3 billion SPAC merger
By Svea Herbst-Bayliss NEW YORK (Reuters) – Beneficient is set to go public this week with a blank-check vehicle in…
Greenback gains, Aussie jumps on RBA rate hike
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained against the euro and yen on Tuesday as investors…
Binance, US affiliate hit by net outflows of $1.43b since SEC lawsuit, data shows
By Tom Wilson, Rae Wee and Hannah Lang (Reuters) -Investors have pulled around $1.43 billion from the crypto exchange Binance…
Oil prices ease as economic fears overshadow Saudi output cut
By Scott DiSavino NEW YORK (Reuters) -Oil prices eased about 1% on Tuesday as worries that sluggish global economic growth…
Canada’s Ivey PMI falls to three-month low in May
TORONTO (Reuters) – Canadian economic activity expanded in May at the slowest pace in three months, Ivey Purchasing Managers Index…
Apple buys AR headset startup Mira – The Verge
(Reuters) -Apple Inc has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S….
Tesla’s Model 3 cheaper than Toyota’s Camry in California with tax benefits
By Hyunjoo Jin and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) -Tesla Inc’s rapid adjustment of its battery supply chain means all…