Apr 11, 2023
Cryptoverse: Ethereum upgrade to unlock $33 billion

By Medha Singh and Lisa Pauline Mattackal (Reuters) - Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain,…

Apr 10, 2023
Wall Street ends mixed with inflation data, earnings on tap

By Stephen Culp NEW YORK (Reuters) - U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday's employment report and prepared for an eventful week of inflation data and bank earnings. Megacap…

Apr 07, 2023
China’s Alibaba invites businesses to trial AI chatbot – media

SHANGHAI (Reuters) - Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language…

Apr 07, 2023
US weighs action against Russian cybersecurity firm Kaspersky Lab -WSJ

(Reuters) - The U.S. Department of Commerce is weighing an enforcement action against Russian cybersecurity company Kaspersky Lab, the Wall Street Journal reported on Friday citing people familiar with the matter. President Joe Biden's administration is looking at an enforcement…

Apr 06, 2023
Amazon plans to trim employee stock awards amid tough economy

(Reuters) -Amazon.com Inc said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy. "We made the decision to reduce RSU (restricted stock units) awards in the final outlook year…

Apr 05, 2023
S&P 500 ends lower as recession fears take center stage

By Noel Randewich and Ankika Biswas (Reuters) - The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve's rapid interest rate hikes might tip…