Facebook-owner Meta Platforms’ Sheryl Sandberg to leave after 14 years

June 1 (Reuters) – Meta Platforms Inc. (FB.O) Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the world’s biggest social network, is leaving the company after 14 years, she said in a Facebook post on Wednesday. The announcement initially sent the social media firm’s shares … Read more

Dimon says brace for US economic ‘hurricane’ due to inflation

June 1 (Reuters) – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co (JPM.N) described the challenges facing the US economy akin to an “hurricane” down the road and urged the Federal Reserve to take forceful measures to avoid tipping the world’s biggest economy into a recession. Dimon’s comments come a day after … Read more

Elon Musk tells Tesla staff: return to office or leave

June 1 (Reuters) – Tesla Inc. (TSLA.O) Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees and seen by Reuters. “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk wrote in the … Read more

EXCLUSIVE Credit Suisse weighs options to strengthen capital – sources

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, May 30 (Reuters) – Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after … Read more

How a cheap component could help kill off combustion cars

LONDON/BERLIN, May 30 (Reuters) – The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant chunk of … Read more

Zero-COVID, big money: China’s anti-virus spending boosts medical, tech, construction

BEIJING, May 30 (Reuters) – China’s ‘zero-COVID’ policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy, but it has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to eradicate … Read more

Box Office: ‘Top Gun: Maverick’ Debuts to Stratospheric $124 Million

LOS ANGELES, May 29 (Variety.com) – Tom Cruise may have pulled off one of the most daring stunts of his career — getting audiences to go to the movies for something that doesn’t involve superheroes. “Top Gun: Maverick” pulled in blockbuster ticket sales in its opening weekend, collecting $134 million from a record 4,732 North … Read more

US doctors reconsider Pfizer’s Paxlovid for lower-risk COVID patients

May 28 (Reuters) – Use of Pfizer Inc’s (PFE.N) COVID-19 antiviral Paxlovid spiked this week, but some doctors are reconsidering the pills for lower-risk patients after a US public health agency warned that symptoms can recur after people complete a course of the drug, and that they should then isolate a second time . More … Read more