TikTok lawsuit tees up novel court fight over US ban
By Mike Scarcella (Reuters) -TikTok’s new lawsuit to block a U.S. law forcing the social media company’s Chinese parent to…
Disney reports shrinking TV business, shares tumble
By Lisa Richwine and Sheila Dang LOS ANGELES (Reuters) -Walt Disney’s surprise profit in its streaming entertainment division was eclipsed…
Explainer-Why is the US government trying to ban TikTok or force Bytedance to divest?
WASHINGTON (Reuters) -TikTok and its owner Bytedance on Tuesday sued to stop a law that would give its Chinese parent…
Microsoft’s Xbox shuts multiple studios, consolidates teams in cost-cutting move
(Reuters) – Microsoft’s Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher…
Boeing Starliner capsule’s first crewed test flight postponed over Atlas rocket glitch
By Joey Roulette and Steve Gorman CAPE CANAVERAL, Florida (Reuters) – The long-awaited first crewed test flight of Boeing’s Starliner…
Tyson Foods shares suffer worst one-day decline in a year over demand concerns
By Tom Polansek and Granth Vanaik (Reuters) -Tyson Foods shares suffered their worst one-day decline in a year on Monday…
Robinhood Crypto gets Wells notice from US SEC
(Reuters) -Retail trading platform Robinhood Markets said on Monday it received an enforcement action notice from the U.S. Securities and…
Axon raises full-year revenue forecast on strong demand for its software products
(Reuters) – Axon Enterprise raised its full-year core profit and revenue forecast Monday, banking on strong demand for its software…
Nio on track to unveil its first mass-market car in May, executive says
By Gilles Guillaume PARIS (Reuters) – China’s premium electric vehicle maker Nio is on track to unveil a new model…
Trump accuses Biden of running ‘Gestapo administration’
By Doina Chiacu WASHINGTON (Reuters) -Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a “Gestapo…