General News

United Airlines cuts hiring plans for 2024 due to Boeing delays Jun 4, 2024 11:45AM

By Rajesh Kumar Singh

CHICAGO (Reuters) - United Airlines will hire fewer-than-expected employees this year due to delays in aircraft deliveries from Boeing, a company executive said on Tuesday.

Kate Gebo, head of United's human resources and labor relations, told reporters the airline currently expects to hire close to 10,000 new employees in 2024 compared with 13,000 to 15,000 employees planned earlier.

Since January, the... (continue reading...)

Midday movers: Exxon, Gitlab fall; Old Dominion Freight, Saia rise Jun 4, 2024 11:42AM (Updated - June 4, 2024 11:42 AM EDT)

Investing.com -- U.S. stock futures edged lower Tuesday after data showed job openings were softer than expected in April.

Here are some of the biggest U.S. stock movers today:

• GameStop (NYSE: GME) stock fell 2%, retreating after the video game retailer soared over 20% in the previous session on the back of stock influencer Keith Gill, who is known online as "DeepF-------Value" and "Roaring Kitty", posting a screenshot on social... (continue reading...)

Citron Research's Left shorts GameStop more than 3 years after getting squeezed Jun 4, 2024 11:31AM

By Pranav Kashyap

(Reuters) - Andrew Left, the founder of Citron Research, is again betting against retail investors' favorite GameStop, which is back in the limelight after super-bull "Roaring Kitty" Keith Gill resurfaced online following a three-year hiatus.

Citron was forced to close its short position in GameStop at a loss in 2021, after retail traders ganged up against heavily shorted stocks on online forums to drive rallies, which... (continue reading...)

Cisco launches $1 billion AI fund and makes first investments Jun 4, 2024 11:18AM

STOCKHOLM (Reuters) - Cisco on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms.

The company, through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund, it said.

AI data startup Scale AI is valued at nearly $14 billion, while... (continue reading...)

Microsoft takes its AI push to customer service call centers Jun 4, 2024 11:03AM

By Stephen Nellis

(Reuters) - Microsoft on Tuesday said it will introduce new artificial intelligence tools for customer service call centers.

Microsoft, which has backed ChatGPT creator OpenAI, is taking AI technology into a number of fields of the business world with what it calls Copilot technology, which is capable of summarizing emails and crafting PowerPoint slides as part of the company's Office software package.

But... (continue reading...)