Business news

Business news • Jul 15

Stripe, Advent make $53 billion takeover offer for PayPal, sending stock soaring

Stripe and Advent International have made a joint offer to acquire PayPal for $60.50 per share, in a deal that would valued at more than $53 billion.

5 0 0

Business news • Jul 15

Breakingviews - China GDP growth miss flags cost of fiscal repairs

HONG KONG, July 15 (Reuters Breakingviews) - China's economic expansion has slowed more quickly than expected amid a $1.5 trillion campaign aimed at...

4 0 0

Business news • Jul 15

EXCLUSIVE: Stripe, Advent offer to buy PayPal for more than $53 billion, sources say

Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value...

4 0 0

Business news • Jul 15

Authorities investigate Taco Bell and lettuce as cyclosporiasis outbreak surges

CDC identifies link among four Midwestern states, the first public indication of a common source in multiple outbreaks that have sickened more than 4000.

35 0 1

Business news • Jul 15

China misses growth target for first time since Covid as Iran turmoil roils global trade

China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the...

4 0 0

Business news • Jul 15

China posts slowest quarterly growth since 2022 as investment slumps, fanning stimulus calls

That second-quarter growth came below Beijing's full-year growth target range of 4.5% to 5%, the least ambitious goal in decades.

4 0 0

Business news • Jul 15

Meta employees sue on allegations company used AI to target workers on medical, parental leave for layoffs

A group of 26 Meta employees sued the tech giant over accusations that it used AI-powered software to choose people for mass layoffs, disproportionately...

23 0 0

Business news • Jul 15

SK Hynix shares surge 13% on AI hopes as US tech stocks resume their climb

Shares in SK Hynix jumped nearly 13% in Seoul ​on Wednesday, tracking gains in U.S. tech stocks after softer-than-expected U.S. inflation data, while upbeat...

5 0 0

Business news • Jul 15

SK Hynix South Korean shares jump 8% as Asia tech stocks rally

SK Hynix led a broad rally in Asian technology shares on Wednesday, tracking a rebound in U.S. semiconductor shares after a sharp selloff earlier this week.

4 0 0

Business news • Jul 15

The Next Oil Rally May Depend On China, Not The Middle East

China drew heavily on crude inventories during the Iran conflict, slashing imports while maintaining refinery runs and easing pressure on global oil...

13 0 0

Business news • Jul 14

Meta lawsuit says AI targeted disabled workers in layoffs

More than two dozen current and former employees of Meta are suing the company, saying that its AI targeted disabled workers for mass layoffs.

16 0 0

Business news • Jul 14

Taco Bell has pulled some menu ingredients in select locations to prevent possible cyclospora exposure

Taco Bell is addressing concerns about cyclospora by removing ingredients amid the CDC's ongoing investigation into the multistate outbreak.

5 0 0

Business news • Jul 14

Meta used AI to tag workers who took leave to be laid off, lawsuit claims

Lawsuit filed by dozens of employees says people who took maternity or disability leave were disproportionately selected for layoffs.

12 0 0

Business news • Jul 14

White House launches AI cybersecurity clearinghouse

The White House is establishing a new AI cybersecurity clearinghouse to help coordinate cybersecurity defenses across critical infrastructure.

4 0 0

Business news • Jul 14

White House launches AI cybersecurity clearinghouse

The White House is establishing a new AI cybersecurity clearinghouse to help coordinate cybersecurity defenses across critical infrastructure.

4 0 0

Business news • Jul 14

OpenAI’s first hardware device is reportedly a screenless speaker that can move

OpenAI's first foray into hardware devices is reported to be a mobile smart speaker with integrated AI capabilities that can sync with ChatGPT and provide...

16 0 0

Business news • Jul 14

Stock futures are flat after soft inflation reading lifts market: Live updates

Stock futures were little changed in overnight trading Tuesday after a rally fueled by softer-than-expected inflation data. Futures tied to the Dow Jones...

13 0 0

Business news • Jul 14

How a bungled email from Apple’s lawyer soured talks with OpenAI months before Apple sued

Apple alleged in a lawsuit last week that OpenAI “never responded” to its concerns this year about what Apple believed was trade secret theft.

7 0 0

Business news • Jul 14

Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom

The quarterly results reflect the dichotomy between geopolitical uncertainty and the stable American economy.

6 0 0

Business news • Jul 14

US stocks rise after data shows slowing inflation, even as IBM plunges

Stocks rose after a report showed U.S. inflation was not as bad last month as economists expected. Tuesday's gains came even though oil prices continue to...

5 0 0