Author: News Room

By Waylon Cunningham SAN ANTONIO, Texas (Reuters) – When McDonald’s (NYSE:) first opened for business in the 1940s, its workers stood at physical counters, its burgers and fries were listed on paper menus, and its customers paid cash to its human cashiers. How quaint. Today technology so infuses every aspect of McDonald’s business that it would only be a slight exaggeration to call it a tech company that happens to sell burgers. McDonald’s mobile app; its human-less, order-taking kiosks; its digitized menus that change based on trends, the weather and more; and even its generative AI – together, these enable…

(Corrects paragraph 9 of Thursday story to remove incorrect company code and specify Chan’s intentions about buying resorts) By Mariko Katsumura and Rocky Swift TOKYO (Reuters) -Patience Capital Group, the Singapore-based investor behind a $1.42 billion luxury ski project in northern Japan, is in talks to reopen its fund to new investors eager to get in before tightening by the Bank of Japan. PCG’s initial 35 billion yen ($237 million) fund, announced last year to transform Myoko Kogen in Japan’s Niigata prefecture into a winter sports destination at par with Aspen and Whistler, may grow to 60 billion yen as…

By James Oliphant and Nandita Bose ROME, Georgia (Reuters) -A defiant and bitter Donald Trump returned on Saturday to the state where he faces criminal charges for undermining the 2020 U.S. presidential election, looking to win the battleground of Georgia as a stepping-stone to taking back the presidency. Trump was stumping in Georgia on the same day as President Joe Biden, who campaigned in nearby Atlanta, signifying the critical role the state will play in November’s general election. In his remarks, Trump repeatedly insisted falsely he was the victim of widespread election fraud and he blasted the Georgia district attorney,…

Sam Bankman-Fried came up with a list of bad ideas after FTX’s bankruptcyOne of them was going on Tucker Carlson’s show and taking an anti-woke heel turn.The list was included in prosecutors’ sentencing submission, asking for 50 years in prison. After FTX declared bankruptcy, in November 2022, its founder and former CEO came up with a list of terrible ideas.In a Google Document, which was prefaced “random probably bad ideas” and labeled confidential, Sam Bankman-Fried listed ways in which he might be able to rebuild his reputation. The list included attacking the bankruptcy lawyers (which he ultimately did), attacking the…

Comments Apple’s CEO Tim Cook made years ago have just cost the company a boatload of money.The tech giant agreed to pay out $490 million to settle a class-action lawsuit shareholders lodged against the company in 2019, according to a proposed settlement filed in California court on Friday.The settlement amount comes out to about 2 days of profit for Apple, which reported $97 billion in net income for 2023, according to Reuters. But it’s a costly consequence for Cook’s statements.In their initial complaint, the investors accused Cook of making false comments about the company’s sales in China during a 2018…

Trump’s New York hush-money trial is now back on track for mid-April.Justice Juan Merchan agreed Friday to push back the original March 25 start date.The delay will give Merchan, prosecutors, and defense lawyers time to contend with late evidence. The Manhattan judge who will preside over Donald Trump’s first criminal trial agreed on Friday to push back the original March 25 trial start date by about three weeks.The delay was prompted by the last-minute production by federal prosecutors in Manhattan of some 80,000 pages of potential evidence concerning their 2018 prosecution of key witness Michael Cohen.Merchan did not set a…

While it’s still unclear what exactly went down before OpenAI CEO Sam Altman was abruptly ousted from the company in November — only to return in less than a week — more details were published in a March 7 report from The New York Times.When his exit was announced, the OpenAI board said it “no longer has confidence in his ability to continue leading OpenAI” and that he was “not consistently candid in his communications.” Still, the vague explanation only sparked more questions, which continued to linger even after his return.The New York Times reported on March 7, citing unnamed…

By Nate Raymond (Reuters) -U.S. Senate Republicans on Thursday pushed the federal judiciary to rethink a new policy designed to curb the practice of “judge shopping” used by conservative litigants to steer cases challenging President Joe Biden’s agenda to judges perceived as sympathetic. Senate Minority Leader Mitch McConnell on the Senate floor said he hoped the U.S. Judicial Conference, the judiciary’s policymaking body, would reconsider the “half-baked” policy it adopted on Tuesday designed to ensure that cases challenging federal and state laws are randomly assigned judges. McConnell called it an “unforced error” by the 26-member Judicial Conference, which he said…

Tiger Global responded on Friday to an anonymous memo circulating among journalists that makes a number of serious and unsubstantiated claims about the investment firm and its leadership. In a letter sent to the firm’s investors on Friday afternoon obtained by Forbes, Tiger wrote that it was being “targeted with a series of misinformation attacks” propagated “anonymously using an encrypted messaging platform.” “We strongly believe [they] were written and pushed by a disgruntled former employee with whom we parted ways,” the letter, signed by “The Tiger Global Team,” added. Tiger Global spokesperson Cara Major confirmed the letter’s authenticity but declined…

Laura Overdeck, the wife of billionaire hedge fund manager John Overdeck, alleged in a lawsuit filed last week against the law firm of Seward & Kissel and one of its partners that they committed malpractice and fraud by not informing her that documents which moved marital assets to Wyoming trusts also ended her claim on those assets if either filed for divorce. Laura filed for divorce from John in March 2022, 20 years after the couple’s marriage and 21 years after John cofounded $60 billion quant hedge fund Two Sigma in 2001 with David Siegel. The couple did not have…