Amazon sets ultra-low pricing plans for Temu rival store, The Information reports
(Reuters) – Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost…
Month: October 2024
Starboard Value CEO says Pfizer’s board should hold management accountable
By Michael Erman and Svea Herbst-Bayliss NEW YORK (Reuters) – Activist hedge fund Starboard Value’s chief investment officer Jeffrey Smith…
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Wall St fails to pick up China baton, gold hits all-time high
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were mixed and crude prices were on track for their biggest weekly…
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Meta must face Massachusetts social media addiction lawsuit, judge rules
BOSTON (Reuters) – A Massachusetts judge has rejected Meta Platforms’ bid to dismiss a lawsuit by the state alleging the…
Biden sees opportunity to potentially end Israel-Iran fighting ‘for a while’
BERLIN (Reuters) – U.S. President Joe Biden said on Friday there was an opportunity to deal with Israel and Iran…
US Cellular to sell select spectrum assets to Verizon for $1 billion
(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon…
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ECB lowers rates and eyes more cuts as economy sags
By Francesco Canepa and Balazs Koranyi (Reuters) – The European Central Bank cut interest rates on Thursday for the third…
Nvidia hits record high as chip stocks rally on TSMC’s rosy AI-powered outlook
(Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether…
Google shifts Gemini app team to DeepMind
(Reuters) – Alphabet’s Google said on Thursday it will move the team behind the Gemini app to its artificial intelligence…
Snap-On misses quarterly sales estimates on lower tool demand
(Reuters) – Snap-On posted a lower-than-expected third-quarter sales on Thursday, as inflationary pressures weighed on demand in the tools segment.…