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  • Explainer-The Fed nears its 2% solution after a punishing bout of rising prices
  • McDonald’s posts surprise drop in quarterly global sales as spending slows
  • European drinks group skid after US surgeon general calls for cancer warnings
  • Microsoft’s costs in focus as fears rise over slow payoff from AI
  • Explainer-The Fed nears its 2% solution after a punishing bout of rising prices
  • McDonald’s posts surprise drop in quarterly global sales as spending slows
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  • European drinks group skid after US surgeon general calls for cancer warnings

    9 months ago
  • Microsoft’s costs in focus as fears rise over slow payoff from AI

    1 year ago
  • Explainer-The Fed nears its 2% solution after a punishing bout of rising prices

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  • McDonald’s posts surprise drop in quarterly global sales as spending slows

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  • Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser

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  • European drinks group skid after US surgeon general calls for cancer warnings

    9 months ago
  • Microsoft’s costs in focus as fears rise over slow payoff from AI

    1 year ago
  • Explainer-The Fed nears its 2% solution after a punishing bout of rising prices

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  • McDonald’s posts surprise drop in quarterly global sales as spending slows

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  • Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser

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May 14, 2024

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Meta to shut Workplace app to focus on AI, metaverse

Monetary Elite1 year ago1 year ago02 mins

(Reuters) – Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday. Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users…

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China’s BYD unveils mid-size hybrid pickup in Mexico

Monetary Elite1 year ago1 year ago01 mins

MEXICO CITY (Reuters) -Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, in Mexico on Tuesday. This is the first time the world’s largest electric vehicle (EV) maker has launched a new product outside of its home country, Chief of Americas Stella Li said at the launch event. BYD chose Mexico to launch…

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Explainer-Why are meme stocks rallying again?

Monetary Elite1 year ago1 year ago03 mins

By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…

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Google launches Trillium chip, improving AI data center performance fivefold

Monetary Elite1 year ago1 year ago02 mins

By Max A. Cherney (Reuters) – Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version. “Industry demand for (machine learning) computer has grown by a factor of 1 million in the last six…

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Tesla is sued over emissions from California plant

Monetary Elite1 year ago02 mins

By Jonathan Stempel and Clark Mindock (Reuters) – Tesla has been sued by an environmental nonprofit that accused Elon Musk’s electric car company of violating the federal Clean Air Act hundreds of times by letting its Fremont, California, plant emit harmful pollutants. In a complaint filed on Monday, the Environmental Democracy Project said Tesla has…

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Tesco’s 10 million pound man – CEO’s annual pay package doubles

Monetary Elite1 year ago02 mins

LONDON (Reuters) – The boss of Tesco, Britain’s largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when millions of its customers battled a cost of living crisis. Tesco’s annual report, published on Tuesday, showed chief executive Ken Murphy was…

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Tesco’s 10 million pound man – CEO’s annual pay package doubles

Monetary Elite1 year ago02 mins

LONDON (Reuters) – The boss of Tesco, Britain’s largest supermarket group, saw his pay package more than double to almost 10 million pounds ($12.6 million) in its 2023/24 financial year, a period when millions of its customers battled a cost of living crisis. Tesco’s annual report, published on Tuesday, showed chief executive Ken Murphy was…

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  • European drinks group skid after US surgeon general calls for cancer warnings
  • Microsoft’s costs in focus as fears rise over slow payoff from AI
  • Explainer-The Fed nears its 2% solution after a punishing bout of rising prices
  • McDonald’s posts surprise drop in quarterly global sales as spending slows
  • Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser

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