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Category: Business

Toymaker Hasbro cuts 3% of its total workforce, WSJ reports
Business

Toymaker Hasbro cuts 3% of its total workforce, WSJ reports

(Reuters) -Hasbro has cut 3% of its global workforce in a bid to cut costs amid higher tariffs, the Wall…

June 17, 2025
Traders pile into $80 US oil bets as tensions rise in Middle East
Business

Traders pile into $80 US oil bets as tensions rise in Middle East

(Reuters) -Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more…

June 14, 2025
Analysis-Meta’s $14.8 billion Scale AI deal latest test of AI partnerships
Business

Analysis-Meta’s $14.8 billion Scale AI deal latest test of AI partnerships

By Jody Godoy (Reuters) -Facebook owner Meta’s $14.8 billion investment in Scale AI and hiring of the data-labeling startup’s CEO…

June 13, 2025
Exclusive-Google, Scale AI’s largest customer, plans split after Meta deal, sources say
Business

Exclusive-Google, Scale AI’s largest customer, plans split after Meta deal, sources say

By Anna Tong, Kenrick Cai and Krystal Hu SAN FRANCISCO (Reuters) -Alphabet’s Google, the largest customer of Scale AI, plans…

June 13, 2025
Space tech firm Voyager valued at $3.8 billion as shares surge in NYSE debut
Business

Space tech firm Voyager valued at $3.8 billion as shares surge in NYSE debut

By Prakhar Srivastava and Arasu Kannagi Basil (Reuters) -Voyager Technologies secured a valuation of $3.8 billion after the defense and…

June 11, 2025
CoreWeave to offer compute capacity in Google’s new cloud deal with OpenAI, sources say
Business

CoreWeave to offer compute capacity in Google’s new cloud deal with OpenAI, sources say

By Krystal Hu (Reuters) -CoreWeave has emerged as a winner in Google’s newly signed partnership with OpenAI, sources familiar with…

June 11, 2025
Nvidia, Perplexity partner with European firms to boost local AI models
Business

Nvidia, Perplexity partner with European firms to boost local AI models

By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia and artificial intelligence search firm Perplexity on Wednesday said they are partnering with…

June 11, 2025
From Time Inc to Discovery: Warner Bros breakup puts spotlight on checkered M&A history
Business

From Time Inc to Discovery: Warner Bros breakup puts spotlight on checkered M&A history

(Reuters) -Warner Bros Discovery, home to HBO and CNN, said on Monday it would split into two companies, the latest…

June 9, 2025
Retail traders scooped up Tesla as Trump-Musk spat hit stock
Business

Retail traders scooped up Tesla as Trump-Musk spat hit stock

By Suzanne McGee and Saqib Iqbal Ahmed NEW YORK (Reuters) -Retail investors seem to have spotted an opportunity in the…

June 6, 2025
Exclusive-China issues rare earth licenses to suppliers of top 3 US automakers, sources say
Business

Exclusive-China issues rare earth licenses to suppliers of top 3 US automakers, sources say

By Laurie Chen and David Shepardson BEIJING/WASHINGTON (Reuters) -China has granted temporary export licenses to rare-earth suppliers of the top…

June 6, 2025

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