Business

UAW president says union prepared to strike Detroit Three

Tuesday, July 11 by SRN News

By David Shepardson (Reuters) – The head of the United Auto Workers, which represents 150,000 U.S. hourly workers at General Motors, Ford Motor and Chrysler-parent Stellantis, said the union is not afraid to strike any of the automakers without a fair... Read More.

Generative AI comes to Nasdaq, winning over engineers

Tuesday, July 11 by SRN News

By Jeffrey Dastin AUSTIN (Reuters) -Months since ChatGPT’s debut, engineers and marketers at the stock exchange operator Nasdaq are embracing newer artificial intelligence, while its lawyers are treading more cautiously, its chief technology and chief information officer said on Tuesday. Inside Nasdaq, which also sells technology... Read More.

US lawmakers question Techtronic’s Milwaukee Tool on alleged links to forced labor

Tuesday, July 11 by SRN News

By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers asked the Milwaukee Tool unit of Hong Kong-based Techtronic Industries to examine whether its products had links to forced labor, citing a recent media report that some were... Read More.

JPMorgan plans to lay off 63 employees in Jersey City

Tuesday, July 11 by SRN News

(Reuters) -JPMorgan Chase plans to lay off 63 employees in Jersey City, according to a Worker Adjustment and Retraining Notification (WARN) issued on Tuesday. “This impacts a small number of local employees and we are working hard to redeploy them. Our strategy has not changed... Read More.

Wall St ends up ahead of CPI; JPMorgan, financial shares gain

Tuesday, July 11 by SRN News

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rose on Tuesday, helped by optimism ahead of key inflation reports and as JPMorgan and other financial shares gained before earnings later this week. Investors are looking for further clues on whether price pressures are abating and... Read More.

Microsoft’s Activision deal gets US judge go-ahead, UK softens opposition

Tuesday, July 11 by SRN News

By Diane Bartz WASHINGTON (Reuters) – Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a U.S. judge gave a thumbs-up to the $69 billion deal and a British regulator suggested it could reconsider its opposition. Activision shares surged... Read More.

Kim Kardashian in talks to buy back beauty firm stake from Coty – WSJ

Tuesday, July 11 by SRN News

(Reuters) – Kim Kardashian is in talks with Coty to buy back a minority stake in her beauty firm that she had sold to the fragrance and cosmetic company, the Wall Street Journal reported on Tuesday, citing people familiar with... Read More.

Disney explores strategic options for India business – WSJ

Tuesday, July 11 by SRN News

(Reuters) -Walt Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The company has talked to at least one bank about ways to help... Read More.

US welcomes Iraq, TotalEnergies’ massive oil, gas and renewables deal

Tuesday, July 11 by SRN News

By Kanishka Singh WASHINGTON (Reuters) -The United States on Tuesday welcomed Iraq’s oil, gas and renewables deal with French oil major TotalEnergies, which was signed a day earlier. Iraq and TotalEnergies on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production... Read More.

Exclusive-TikTok parent ByteDance to allow US staff to cash out on shares-sources

Tuesday, July 11 by SRN News

By Echo Wang NEW YORK (Reuters) -ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by U.S. employees to vest without waiting for the company to list in the stock market, thereby allowing them to cash out, according to people familiar... Read More.

Current Weather

UAW president says union prepared to strike Detroit Three

Generative AI comes to Nasdaq, winning over engineers

US lawmakers question Techtronic’s Milwaukee Tool on alleged links to forced labor

JPMorgan plans to lay off 63 employees in Jersey City

Wall St ends up ahead of CPI; JPMorgan, financial shares gain

Microsoft’s Activision deal gets US judge go-ahead, UK softens opposition

Kim Kardashian in talks to buy back beauty firm stake from Coty – WSJ

Disney explores strategic options for India business – WSJ

US welcomes Iraq, TotalEnergies’ massive oil, gas and renewables deal

Exclusive-TikTok parent ByteDance to allow US staff to cash out on shares-sources

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