WASHINGTON (Reuters) – President Joe Biden on Saturday signed into law a $1.2 trillion budget bill to keep the U.S.…
Disney criticizes Peltz remarks about casting of ‘Black Panther,’ ‘The Marvels’
By Dawn Chmielewski (Reuters) – Walt Disney Co on Friday said that remarks by activist investor Nelson Peltz criticizing the…
FedEx soars on profit beat, improved margins in its Express unit
By Shivansh Tiwary (Reuters) -FedEx shares surged on Friday after the parcel giant beat estimates for quarterly profit and reported…
Amazon appeals $34.6 million fine by French regulator over staff monitoring
(Reuters) – E-commerce giant Amazon.com said on Friday it has appealed French regulator CNIL’s decision to fine the company 32…
Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
By Mike Scarcella (Reuters) – The U.S. government’s antitrust lawsuit against Apple draws on the watershed 1998 case that broke…
Apple held talks with China’s Baidu over AI for its devices, WSJ reports
(Reuters) -Apple has held preliminary talks with Baidu <9888.HK> about using the Chinese company’s generative artificial-intelligence technology in its devices…
Cathie Wood’s ARK Invest scoops up nearly 10,000 Reddit shares in debut
(Reuters) – Popular investor Cathie Wood’s ARK Invest bought nearly 10,000 shares of Reddit in the social media platform’s strong…
Meta Platforms must face advertisers’ class action, US appeals court says
By Jonathan Stempel (Reuters) -A divided U.S. appeals court said Meta Platforms must face a class action by advertisers that…
For Nike, ‘it’s gotta be the shoes’ is a thing of the past
By Katherine Masters and Ananya Mariam Rajesh (Reuters) -Nike has increasingly leaned on its iconic basketball shoes to boost sales,…
Wall Street hits record closing highs on rate-cut optimism; chip sector rallies
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) – Wall Street’s three major stock indexes on Thursday registered record closing…