By Shivansh Tiwary (Reuters) -FedEx shares surged on Friday after the parcel giant beat estimates for quarterly profit and reported…
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…
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…
Reddit shares end trading up 48% in market debut
By Niket Nishant and Echo Wang (Reuters) – Social media platform Reddit’s shares ended their first day of trading in…
Apple accused of monopolizing smartphone markets in US antitrust lawsuit
By Stephen Nellis, Andrew Goudsward and David Shepardson WASHINGTON (Reuters) -The U.S. Department of Justice and 15 states on Thursday…
Senator Warren urges SEC to investigate Tesla over board independence
(Reuters) -U.S. Senator Elizabeth Warren in a letter on Thursday urged the Securities and Exchange Commission to investigate whether Tesla…
Intel readies for $100-billion spending spree across four US states
By Stephen Nellis SANTA CLARA, California (Reuters) -Intel is planning a $100-billion spending spree across four U.S. states to build…
Chipmaker Micron’s shares surge as AI boom drives strong forecast
By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a surge in artificial intelligence adoption…