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Instacart shares soar as upbeat forecast tempers competition fears

In Today’s News

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US withdraws newly updated list of firms allegedly aiding China’s military

WASHINGTON, Feb 13 (Reuters) – The U.S. withdrew an updated list of Chinese firms allegedly aiding Beijing’s military shortly after it was posted earlier on Friday with the addition of some of China’s biggest companies, including Alibaba and Baidu. The link to the U.S. government’s Federal Register where the …

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Instacart shares soar as upbeat forecast tempers competition fears

Feb 13 (Reuters) – Instacart’s shares surged as much as 19% on Friday after the online grocery delivery company, a go-to for millions of Americans, issued an upbeat first-quarter forecast that eased worries about growing competition.Shares of the company, formerly known as Maplebear, jumped to $39.60 in morni …

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JPMorgan customers can sue over low rates on cash sweeps, US judge rules

NEW YORK, Feb 13 (Reuters) – JPMorgan Chase must face part of a proposed class action lawsuit accusing the largest U.S. bank of paying brokerage and retirement account holders near-zero interest rates instead of market rates on their idle cash, a federal judge ruled.Customers alleged that the Cash Sweep progr …

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