Page 307 - Bloomberg

Nasdaq hit by system error affecting thousands of trades, nixing some

The incident, starting around 2:30 p.m. New York time, involving "certain FIX/RASH order entry ports," Nasdaq said in an emailed statement that didn't elaborate on the cause

Adobe signals slow growth in generative AI tech, disappoints investors

In the fiscal fourth quarter, sales increased 12% to $5.05 billion. Profit, excluding some items, was $4.27 a share

US approves new kind of nuclear reactor for first time in 50 years

There's growing global interest in accelerating deployment of nuclear power as a key part of the fight to rein in climate change, but that effort has been hampered by a regulatory process

UBS steps up bid to claw back cash bonuses from Credit Suisse defectors

UBS has contacted hundreds of bankers and offered some multi-year payment plans amid efforts to claw back a chunk of the 1.2 billion Swiss francs ($1.38 billion) in restricted cash bonuses

EU deal to force Uber, Deliveroo to reclassify some drivers as employees

The EU's deal would give eligible individuals rights typically enjoyed by employees, including minimum wage, paid leave and unemployment benefits

Nasdaq planning to repurpose technology from curtailed crypto foray

Nasdaq and other mainstream financial firms pulled back on their ambitions in digital assets as regulators seek to isolate the US financial system from cryptocurrencies

There is no money: Argentina begins shock remedy to jolt stagnant economy

Total spending cuts will amount to 2.9% of gross domestic product, a senior government official said later. The goal is to eliminate the primary budget deficit

OpenAI to pay Axel Springer SE tens of millions to use news content

OpenAI's partnership with Axel Springer comes after months of clashes between news publishers and tech companies over how their content can be used to train AI systems

Tesla shows off Optimus Gen 2 robot with improved hands, slimmer figure

Optimus remains a concept in development and will have to shake off the underwhelming debut it made a year ago, when Tesla staff had to move one of the prototypes into position

Apple set to be hit by EU antitrust order in app store fight with Spotify

EU is putting the finishing touches to a decision that would prohibit Apple's practice of blocking music services from pushing their users away from the App Store to alternative subscription options

Google offers enhanced generative AI features for cloud customers

Google Cloud clients can use Gemini to create apps such as AI-powered chatbots, easy-to-query inventory databases and marketing presentations

Elon Musk's X 2023 advertising revenue projected to slump to about $2.5 bn

X executives had originally targeted $3 billion in revenue from advertising and subscriptions in 2023, but will fall far short of that number, one of the people said

Netflix releases global viewer data on every show, film for first time

Now, the company is giving everyone - viewers, suppliers and competitors - a deeper look into what people are watching with the semiannual "What We Watched: A Netflix Engagement Report"

Israel pounds Gaza as hunger spreads, disease risk grows: Report

Residents said the shelling of Rafah, where the Israeli army this month ordered people to head for their safety, was some of the heaviest in days

Adani Group contractor probed by govt resurfaces under a new name

The contracting firm - Howe Engineering Projects (India) Pvt Ltd. - contains the core operations of a business called PMC Projects Pvt Ltd. that India's government alleged in 2014 was being used

Hackers stole about $1.7 billion this year from crypto projects: Report

Infrastructure attacks - such as private-key theft that gives hackers access to a crypto project's servers to steal funds or manipulate trades - contributed to nearly 60% of the total stolen this year

Google's Epic legal defeat threatens $200 billion app store industry

The loss - handed down by a San Francisco jury on Monday - is a blow to the two companies' business model in apps, where they charge commissions of as much as 30 per cent

NIIF-backed shadow bank considers raising $100 mn with $600 mn valuation

The Indian shadow bank aims to complete the funding round by the end of March, said another person. Deliberations are ongoing and details of the fundraising could still change

These are the best and worst cities for expats to live and work in 2023

Well, you could do worse than Vienna, Zurich or Auckland, which just bagged the top spots in global consulting firm Mercer's 2023 Quality of Living survey for expatriates

Alphabet loses Google Play Store antitrust battle with Epic Games

Epic largely lost a similar challenge to Apple Inc.'s app store two years ago and both companies have asked the US Supreme Court to review their dispute