by iwd | Aug 5, 2024 | General
By David Shepardson and Mike ScarcellaWASHINGTON (Reuters) -Alphabet’s Google broke the law with monopolistic behavior over online search and related advertising, a federal judge ruled on Monday, the first victory for U.S. antitrust authorities who have filed...
by iwd | Aug 5, 2024 | Uncategorized
By Shubham Batra and Shashwat Chauhan(Reuters) – Wall Street’s main indexes slumped on Monday as fears of the United States tipping into recession following weak economic data last week rippled through global markets.Bourses from Asia to Europe took a...
by iwd | Aug 5, 2024 | General
WASHINGTON (Reuters) – TikTok and parent company ByteDance asked a U.S. appeals court on Monday to reject the Justice Department’s bid to file part of its legal case in secret that defends a law seeking to force the divestiture of TikTok’s U.S....
by iwd | Aug 2, 2024 | Business
(Reuters) – Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing input costs that improved margins.The demand for company’s...
by iwd | Aug 2, 2024 | Business
(Reuters) -Shares of Amazon.com fell more than 8% on Friday after the online retailer reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper options for purchases.The commentary from the online shopping behemoth is in...
by iwd | Aug 2, 2024 | Business
(Reuters) – Intel was set to erase nearly $25 billion in market value on Friday in what would be its worst selloff since 2000 after it suspended its dividend and slashed its workforce to fund a costly turnaround for its chip-making business. Shares of the...
by iwd | Aug 2, 2024 | Uncategorized
(Reuters) – The Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy.Hit by softer-than-expected job reports and disappointing forecasts from...
by iwd | Aug 1, 2024 | General
By Luc Cohen and Jonathan StempelNEW YORK (Reuters) – A New York state appeals court on Thursday rejected Donald Trump’s challenge to a gag order in his hush money criminal case, where the former U.S. president was convicted in May on charges stemming from...
by iwd | Aug 1, 2024 | Business
By Patrick Wingrove and Leroy Leo(Reuters) -Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial virus vaccines by up to 25%, or $1 billion, due partly to low COVID sales to the EU that it expects to continue into 2026.The vaccine...
by iwd | Aug 1, 2024 | Uncategorized
(Reuters) – Global mega tech companies’ market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift their focus away from the AI sector.In the first half of...
