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High egg prices should be investigated, US farm group says

Jan 19 (Reuters) – The Federal Trade Commission (FTC) should review high egg prices for signs of higher prices from major egg companies, a farming group said, as Americans continue to paying more than ever for basic household food. U.S. regulators, farmers and industry have often argued in recent years over the power of big …

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Amazon’s AWS to invest $35 billion in Virginia

WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data …

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Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting around 12,000 jobs as it faces “a different economic reality”, it said in a memo, doubling down artificial intelligence (AI) and removing staff who support experimental projects. The job cuts affect 6% of its workforce and follow thousands of layoffs at tech giants …

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Here’s what Twitter lost in ad revenue in the final months of 2022

NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter cut spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the top source. of business income. According to Pathmatics estimates, fourteen of the top 30 advertisers on Twitter ceased all advertising on the …

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T-Mobile says investigating data breach involving 37 million accounts

Jan 19 (Reuters) – U.S. mobile operator T-Mobile said on Thursday it was investigating a data breach involving 37 million postpaid and prepaid accounts and planned to take legal action. significant costs related to the incident. The company said it identified malicious activity on January 1. 5 and contained it within a day, adding that …

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Brazilian court grants bankruptcy protection to retailer Americanas

SAO PAULO, Jan 19 (Reuters) – A Rio de Janeiro court on Thursday accepted Brazilian retailer Americanas SA (AMER3.SA)’s application for bankruptcy protection, days after the company disclosed nearly $4 billion accounting inconsistencies that sparked a legal dispute with creditors and investors. Americanas, a 93-year-old company with stores across Brazil and a major e-commerce unit, …

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Texas AG halts most Citigroup municipal bids over gun law row

Jan 18 (Reuters) – Citigroup Inc (CN) has discriminated against the firearms industry, Texas Attorney General Ken Paxton’s office said, in making a decision that “effectively” to prevent Texas from underwriting most municipal bond offerings in the states. Republicans have stepped up pressure on the financial industry over environmental, social and governance (ESG) investing practices. …

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Wall St plunges as tight labor market fuels Fed concerns

Procter & Gamble tumbles after commodity price pressure warning Netflix down ahead of quarterly results Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – U.S. stock indexes fell on Thursday after data indicating a tight labor market fueled concerns that the Federal Reserve will maintain its aggressive rate …

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Microsoft to cut 10,000 jobs, adding to tech layoff glut

DAVOS, Switzerland, Jan 18 (Reuters) – Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs and take a $1.2 billion charge from profits as its cloud computing customers reassess their expenses and that the company prepares for a possible recession. . The layoffs add to the tens of thousands announced in recent months …

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Apple indefinitely postpones launch of AR glasses – Bloomberg News

Jan 17 (Reuters) – Apple Inc (AAPL.O) has postponed the launch of its lightweight augmented-reality glasses indefinitely due to technical challenges, but is still planning to unveil its first mixed-reality headset this year, Bloomberg News reported on Tuesday . The iPhone maker’s mixed-reality headset – which combines both augmented and virtual reality – is set …

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