Tag: Updated
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Gold marches higher as US jobs data boosts bets of early rate cut
By Anjana Anil (Reuters) – Gold prices surged to another record high on Friday as data showing a rise in the U.S. unemployment rate boosted expectations that the U.S. Federal Reserve could begin cutting interest rates soon. Spot gold rose 0.5% to $2,170.55 per ounce by 2:07 p.m. ET (1907 GMT). U.S. gold futures settled…
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Binance must face revived investor lawsuit in US over crypto losses
By Jonathan Stempel NEW YORK (Reuters) -A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world’s largest cryptocurrency exchange, of violating U.S. securities laws by selling unregistered tokens that lost much of their value. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said investors in…
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Apple escalates Epic Games feud by blocking Fortnite app in EU
By Akash Sriram and Stephen Nellis (Reuters) -Apple escalated its feud with Epic Games on Wednesday, blocking the Fortnite video-game maker from launching its own online marketplace on iPhones and iPads in Europe. The two companies have been in a legal battle since 2020, when the gaming firm alleged that Apple’s practice of charging up…
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Trump, Biden dominate Super Tuesday contests as they march toward rematch
By Nathan Layne and Alexandra Ulmer PALM BEACH, Florida/HUNTINGTON BEACH, California (Reuters) -U.S. President Joe Biden and former President Donald Trump swept to victory in statewide nominating contests across the country on Tuesday, setting up a historic rematch in November’s general election despite low approval ratings for both candidates. Trump won the Republican votes in…
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Elon Musk’s X escapes much of lawsuit over copyrighted songs
By Jonathan Stempel (Reuters) -X, the social media platform owned by Elon Musk, on Tuesday won the dismissal of most of a lawsuit by 17 music publishers that accused it of infringing copyrights on nearly 1,700 songs by letting people post music online without permission. U.S. District Judge Aleta Trauger in Nashville, Tennessee said the…
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Crypto venture firm seeks dismissal of New York attorney general’s fraud lawsuit
(Reuters) – The Digital Currency Group (DCG) urged a New York court on Wednesday to dismiss the New York Attorney General’s lawsuit accusing it of defrauding crypto investors through its Genesis Global Capital unit. Attorney General Letitia James has sued DCG, crypto lender Genesis, and Gemini Trust, the exchange run by twin brothers Cameron and…
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Google-backed satellite to track global oil industry methane emissions
By Valerie Volcovici WASHINGTON (Reuters) – A new satellite backed by Alphabet Inc’s Google and the Environmental Defense Fund group will launch from California on Monday with a mission to pinpoint oil and gas industry methane emissions from space. The MethaneSAT sattelite will add to a growing fleet of spacecraft in orbit that are meant…
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Apple launches MacBook Air laptops with faster M3 chips
(Reuters) – Apple on Monday unveiled a pair of new MacBook Air laptops with its latest M3 processors, betting that the more powerful models would attract consumers looking to upgrade to artificial intelligence-powered personal computers. The new MacBook Air models come with 13-inch and 15-inch screen sizes and are up to 60% faster than the…
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Activist Blackwells says strategy, transparency issues hampering Disney
(Reuters) – Walt Disney investor Blackwells Capital said the lack of a strong content and technology strategy as well as governance and transparency issues were hampering the entertainment giant’s performance, as it attempts to get board seats at the company. Blackwells, one of the two activist shareholders seeking Disney board seats, said last week the…
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Walgreens CEO says no plans to sell specialty pharmacy unit
(Reuters) -Walgreens Boots Alliance’s CEO rejected a media report, saying the company does not plan to sell specialty pharmacy unit Shields Health Solutions at least for now The pharmacy chain is instead looking for ways to drive “the most value” for the business, CEO Timothy Wentworth said at a conference on Monday. Bloomberg News reported…