Reddit beats lawsuit by WallStreetBets founder

By Jonathan Stempel (Reuters) – A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors’ fascination with “meme” stocks, accused Reddit of wrongly banning him from moderating the community and usurping his trademark rights. Jaime Rogozinski, who founded WallStreetBets in 2012, said Reddit ousted him in April…

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Factbox – What’s next after US judge rules in favor of Microsoft-Activision deal?

(Reuters) – Microsoft cleared a major hurdle in its planned $69 billion purchase of videogame maker Activision Blizzard, as a judge gave a thumbs-up to the proposed deal a week before the July 18 termination date. With the first fight in federal court in California wrapped up, the agency and companies have decisions to make…

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27% of jobs at high risk from AI revolution, says OECD

PARIS (Reuters) – More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly…

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VP Kamala Harris unveils proposed rule change to cut US childcare costs

WASHINGTON (Reuters) -U.S. Vice President Kamala Harris on Tuesday announced new steps to lower the cost of childcare for American families with a proposal that would cap co-payments under a block grant program that serves 1.5 million children and their families each month. “This is a critical issue for almost every family in our country,”…

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Global PC shipments decline eases in Q2, Apple outperforms on MacBook Air demand – Canalys

(Reuters) – The decline in global personal computer shipments slowed in the second quarter, with Apple outperforming the market with a 51% jump thanks to strong demand for its recently launched 15-inch MacBook Air, data from research firm Canalys showed. The report adds to early signs of a recovery in the industry, which has been…

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US House hardliners step up spending pressure as showdown looms

By David Morgan and Richard Cowan WASHINGTON (Reuters) -More than 20 U.S. House Republican hardliners warned Speaker Kevin McCarthy on Monday that they will try to block their party’s fiscal 2024 appropriations bills unless spending levels are cut below levels that McCarthy and Democratic President Joe Biden agreed to in May. The hardliners, including members…

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