Flashback: The U.S. Justice Department and Google are tangled in a legal battle since 2020. The reason? The government believes…
Jeff Bezos’ $11 Billion Day
As Amazon’s second-quarter earnings report rang out the final bell on Thursday, its echoes resounded not only through Wall Street…
EV maker Lucid slashes prices of Air sedan as part of offer amid heating competition
By Abhirup Roy SAN FRANCISCO (Reuters) – Electric vehicle maker Lucid cut prices of its Air luxury sedans by as…
Berkshire posts record operating profit as rising rates boost Buffett’s returns
By Jonathan Stempel (Reuters) – Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock…
Wall Street ends lower after US jobs report; Apple weighs
By Echo Wang (Reuters) – Wall Street closed lower on Friday after a report of slowing U.S. labor market growth,…
Inflation report, bond yields in focus as U.S. stocks rally pauses
By Carolina Mandl NEW YORK (Reuters) – A highly awaited inflation report and elevated bond yields offer the latest test…
Biden order curbing investment to China expected next week-sources
By Karen Freifeld (Reuters) -President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in…
Albemarle jumps into global race to reinvent lithium production
By Ernest Scheyder (Reuters) – Albemarle is building an Arkansas facility to test its version of direct lithium extraction (DLE)…
Google-parent Alphabet offloads nearly 90% stake in trading app Robinhood
By Niket Nishant (Reuters) -Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90%,…
Amazon forecasts bright Q3 on resilient cloud sales, shopping trends
By Jeffrey Dastin and Chavi Mehta (Reuters) -Amazon.com Inc on Thursday reported sales growth and profit that beat Wall Street’s…