Explainer-What is so special about TikTok’s algorithm?
By Eduardo Baptista BEIJING, Dec 20 (Reuters) – The content recommendation algorithm that powers the online short video platform TikTok…
Fed seeks feedback on limited ‘payment accounts’ for some firms
WASHINGTON, Dec 19 (Reuters) – The U.S. Federal Reserve announced Friday it was seeking feedback on establishing limited “payment accounts”…
OpenAI discussed raising tens of billions at about $750 billion valuation, the Information reports
Dec 17 (Reuters) – OpenAI has held preliminary talks with some investors about raising funds at a valuation of around…
Elliott’s $1 billion bet on Lululemon fans hopes of a revival
By Savyata Mishra and Neil J Kanatt Dec 18 (Reuters) – Elliott Management’s $1 billion bet on Lululemon and a…
Mexico antitrust body says Google cannot impose use of Android on mobile device manufacturers
MEXICO CITY, Dec 18 (Reuters) – Mexico’s antitrust commission said on Thursday it had resolved a case over a lack of…
Hogan Lovells and Cadwalader plan merger to create law firm with $3.6 billion in revenue
By Sara Merken NEW YORK, Dec 18 (Reuters) – Global law firm Hogan Lovells and New York-based Cadwalader, Wickersham &…
Netflix says its position on deal with Warner Bros Discovery unchanged
Dec 15 (Reuters) – Netflix’s decision to acquire assets from Warner Bros Discovery has not changed, its co-CEOs Greg Peters…
Exclusive-Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move
NEW YORK, Dec 15 (Reuters) – Nasdaq, one of the world’s largest exchanges that is home to tech companies Nvidia,…
Republican infighting on healthcare erupts in US House as subsidy expiration approaches
By Richard Cowan and Bo Erickson WASHINGTON, Dec 17 (Reuters) – An expanded U.S. federal healthcare subsidy that grew out…
J.P. Morgan’s global chair of investment banking to retire, memo says
Dec 15 (Reuters) – J.P. Morgan’s global chair of investment banking, Jamie Grant, plans to retire early next year after…