Apr 13, 2023
US labor market gradually losing steam; producer inflation cooling

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually easing as higher borrowing costs dampen demand in the economy.…

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 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…