Fed’s reverse repo facility plummets to lowest level in nearly three years NEW YORK (Reuters) -A key Federal Reserve facility that takes in cash from money market funds and others saw inflows drop sharply on Monday. The U.S. central bank’s reverse repo facility took in $327.1 billion, down $80.2 billion from Friday, marking the lowest […]
By Laura Sanicola (Reuters) – Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel’s military chief said his country would respond to Iran’s weekend missile and drone attack amid calls for restraint by allies. Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 […]
(Bloomberg) — Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups. Most Read from Bloomberg Hype around the launch and better-than-expected initial orders for the SU7 have helped a rally in Xiaomi shares gain momentum. Investors have meanwhile ramped up bets on further declines […]
NAPLES, Fla. (AP) — NASA confirmed Monday that a mystery object that crashed through the roof of a Florida home last month was a chunk of space junk from equipment discarded at the International Space Station. The cylindrical object that tore through the home in Naples on March 8 was subsequently taken to the Kennedy […]
CAPE CANAVERAL, Fla. (AP) — NASA’s plan to bring samples from Mars back to Earth is on hold until there’s a faster, cheaper way, space agency officials said Monday. Retrieving Mars soil and rocks has been on NASA’s to-do list for decades, but the date kept moving forward, as costs ballooned. A recent independent review […]
By Valerie Volcovici WASHINGTON, April 15 (Reuters) – The U.S. Environmental Protection Agency on Monday denied a years-old petition by energy industry groups who sought to get the agency to remove limits on emissions of harmful pollutants from stationary turbines, arguing that the risk causing cancer remains high. The agency denied the joint petition filed […]
Enterprises are hoarding more data than ever to fuel their AI ambitions, but at the same time, they are also worried about who can access this data, which is often of a very private nature. PVML is offering an interesting solution by combining a ChatGPT-like tool for analyzing data with the safety guarantees of differential […]
(Bloomberg) — Two of Tesla Inc.’s top executives have left in the midst of the carmaker’s largest-ever round of job cuts, as slowing electric-vehicle demand leads the company to reduce its global headcount by more than 10%. Most Read from Bloomberg The cuts could reach closer to 20% in some divisions, two people familiar with […]
Traditional hard drives typically contain useful components. But dismantling them manually would be too labor-intensive. As things stand, old hard drives tend to go through a shredder and it’s often down to luck whether there’s anything usable left after that process. A company called Garner Products claims to have a better solution with its DiskMantler. […]
Global shipments of Apple’s (AAPL) iPhone fell nearly 10% in the first quarter despite a broader smartphone market recovery as the company continues to contend with rising challengers from China such as Xiaomi. According to market intelligence firm IDC, Apple’s Q1 shipments fell 9.6% year over year from 55.4 million units in the first quarter […]
(Bloomberg) — Bain Capital has agreed to sell UK payroll software company Zellis Group, whose clients include department store Harrods and carmaker Jaguar, to Apax Partners, according to a statement. Most Read from Bloomberg The deal values Zellis at about £1.25 billion ($1.56 billion), according to people familiar with the matter. Apax is partly funding […]
(Bloomberg) — Reddit Inc. shares fell as much as 5.1% Monday to hit the lowest level since its March trading debut after a slew of Wall Street analysts initiated coverage of the social-media company. Most Read from Bloomberg So far, the view from Wall Street tips bullish, but analysts are split on the company’s growth […]
