HONG KONG, July 23- Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation. "TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones," said a tweet from the...
July 22- The Trump administration said on Monday it will expand and speed up deportations of migrants who enter the United States illegally by stripping away court oversight, enabling officials to remove people in days rather than months or years. Set to be published in the Federal Register on Tuesday, the rule will apply "expedited removal" to the majority of...
NEW YORK, July 22- U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.- China trade talks and increasing geopolitical tensions sent oil prices climbing. The South China Morning Post reported U.S. trade negotiators will likely visit China next week...
July 22- Microsoft Corp said on Monday it was investing $1 billion in San Francisco- based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft's Azure cloud computing service. OpenAI was founded in 2015 as a nonprofit with $1 billion in funding from Silicon Valley...
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.
NEW YORK, July 18- Two influential Federal Reserve officials on Thursday sharpened their public case for acting, quickly if needed, to support the U.S. economy, reviving bets the central bank may deliver a double-barreled interest rate cut this month. John Williams, vice chairman of the Fed's rate-setting committee and head of the regional Fed bank in New York...
NEW YORK, July 18- Two influential Federal Reserve officials on Thursday sharpened their public case for acting quickly to support the U.S. economy, reviving bets that the central bank may deliver a double-barreled interest rate cut this month. John Williams, vice chairman of the Fed's rate-setting committee and head of the regional Fed bank in New York that...
WASHINGTON, July 18- The U.S. House of Representatives on Thursday passed legislation to raise the federal minimum wage to $15 an hour by October 2025, a big win for workers and labor groups, even as it remained unlikely the bill would pass a Republican-controlled Senate. The move comes at a time when the $15 minimum wage fight, first started by fast-food workers in...
*To develop 1.4 mln square meters of property in Silicon Valley. July 18- Australia's LendLease Group on Thursday said it secured a contract with Alphabet Inc's Google to develop $15 billion worth of residential and retail space in Silicon Valley, sending the builder's stock to a more than eight-month high. In a statement, LendLease said it will develop up to 15...
July 18- Australian construction firm LendLease Group on Thursday said it has secured a contract from Alphabet Inc's Google to jointly undertake development of properties worth $15 billion in the U.S. state of California. Under the terms of the agreement, LendLease and Google will work together for the next 10 to 15 years to redevelop the U.S. company's...
Sherwin-Williams, ConAgra Grocery Products Co. and NL Industries have agreed to a $305 million settlement, according to a filing in Santa Clara County Superior Court in California on Wednesday. High-profile public nuisance claims have proliferated in recent years in the United States as local governments try to use the courts to make corporations pay for...
Sherwin-Williams, Conagra Brands Inc and NL Industries have agreed to a $305 million settlement, according to a filing in Santa Clara County Superior Court in California on Wednesday. High-profile public nuisance claims have proliferated in recent years in the United States as local governments try to use the courts to make corporations pay for societal...
NEW YORK, July 17- A gauge of global stocks declined for a second straight session and U.S. On Wall Street, CSX Corp was one of the biggest drags on the benchmark S&P 500 index. In addition, the U.S. could also face Chinese sanctions, following a World Trade Organization ruling on Tuesday, further complicating trade talks between the two countries.
Under the deal, disclosed in a filing in Santa Clara County Superior Court on Wednesday, defendants Sherwin-Williams, Conagra Brands Inc and NL Industries agreed to pay out the sum over six years, starting with a $75 million payment later this year. These include Los Angeles, San Francisco, Alameda, and Santa Clara counties, as well as individual cities such as...
Overwhelmed by rising competition and falling sales, Blue Apron's stock has collapsed since its Wall Street debut in 2017. Its investors are betting the California company will become the dominant player in the nascent market for plant-based hamburgers, sausages and other meat alternatives, even though it has yet to turn a profit. U.S. retail sales of...
July 17- Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications company will tap Microsoft's Azure cloud service for its computing needs and use Microsoft 365, which includes Office productivity software, for much of its 268,000- strong workforce. The multi-year deal is worth more than $2 billion, according to a...
July 17- Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications firm will tap Microsoft's Azure cloud service for its computing needs and provide Office 365 software to much of its 268,000- strong workforce. The multi-year deal is worth more than $2 billion, according to a person familiar with the matter.
July 17- United Airlines Holdings Inc said on Wednesday it would restart daily nonstop service between New York/ Newark, New Delhi and Mumbai from Sept. 6, after Pakistan lifted airspace restrictions. The company will also start a new daily service between San Francisco and New Delhi beginning Dec. 5, a spokesman said. Pakistan reopened its airspace to...
CHICAGO, July 16- With the first U.S. interest rate reduction in a decade expected later this month, two Federal Reserve policymakers sketched out arguments on Tuesday on how deep the cut should be, even as a third said she needs more data before being ready to sign on at all. The remarks, from the chiefs of the Federal Reserve regional banks of Chicago, Dallas and San...
President Donald Trump said on Tuesday his administration would investigate whether Alphabet Inc's Google supports the Chinese government, following accusations that a company official refuted hours later at a Senate hearing. Thiel has called on the FBI and CIA to probe Google on its relations with China, and alleged that the company worked with the...
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