By Rollo Ross and Danielle Broadway LOS ANGELES (Reuters) -Striking Hollywood actors joined film and television writers on picket lines for the first time in 63 years on Friday, cheering and chanting outside major studios with calls for higher streaming-era pay and curbs on use of artificial intelligence. The twin strikes will add to the…
By Lewis Krauskopf NEW YORK (Reuters) – A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the…
By Jaiveer Shekhawat (Reuters) -Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday. The layoffs at the world’s biggest crypto exchange come at a time when the industry’s future in the U.S. market is uncertain, with…
WASHINGTON (Reuters) – Microsoft urged an appeals court in sometimes scathing language on Friday to reject the U.S. Federal Trade Commission’s (FTC) request to pause its $69 billion deal to buy Activision. The agency asked the 9th Circuit Court of Appeals late on Thursday to require the companies to delay consummating the transaction while the…
By Brendan Pierson (Reuters) -A U.S. appeals court on Friday temporarily blocked a lower court order that had sharply limited certain Biden administration officials’ and agencies’ contacts with social media companies. The ruling from the New Orleans-based 5th U.S. Circuit Court of Appeals means that the administration is not bound, for now, by a July…
(Reuters) – Coinbase retail customers in California, New Jersey, South Carolina and Wisconsin will be unable to pledge new cryptocurrency to the exchange’s staking program pending proceedings the states initiated last month challenging the service, Coinbase said Friday in a blog post. Any cryptocurrencies that users in those states had staked before the orders were…
By Jody Godoy (Reuters) – Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. On Thursday Ripple Labs got a landmark ruling from a federal judge who said some of the company’s XRP token sales were not subject to securities laws. WHAT DID THE…
(Reuters) – Former Netflix content chief Cindy Holland on Friday has been named the global CEO of entertainment group Sister, co-founded by Elisabeth Murdoch, the daughter of media mogul Rupert Murdoch. Holland left Netflix in 2020 after 18 years at the streaming giant, including nine years where she served as vice president of original content….
By Arriana McLymore NEW YORK (Reuters) – Amazon shoppers snagged deals on food delivery, travel and healthcare during a two-day Prime Event that ended on Wednesday, highlighting the potential for growth in services at an e-retailing giant long focused on goods. Amazon’s 200 million U.S. Prime members snapped up $12.7 billion in merchandise, a record…
By Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s (FTC) bid to temporarily block Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard must clear some key hurdles to succeed, legal experts said. U.S. District Judge Jacqueline Scott Corley on Tuesday gave the go-ahead to the largest-ever gaming industry deal, rejecting…
