By Utkarsh Shetti and Nathan Gomes (Reuters) – Diversified conglomerates were long a fixture of the U.S. stock market landscape, with the Dow industrials bolstered
Category: Business
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
By Jody Godoy WASHINGTON (Reuters) -Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims that
Elliott calls for Honeywell break up, takes $5 billion-plus stake
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Investment Management said Honeywell should split into two separate businesses on Tuesday, following in the footsteps of other
Netflix’s ad-supported tier hits 70 million users
(Reuters) -Netflix said on Tuesday its ad-supported tier had reached 70 million monthly active users globally, nearly doubling from about six months earlier as customers
Amazon offers free computing power to AI researchers, aiming to challenge Nvidia
By Stephen Nellis (Reuters) – Amazon.com’s cloud computing unit on Tuesday said it will offer free computing power to researchers who want to use its
Exclusive-Amazon developing driver eyeglasses to shave seconds off deliveries, sources say
By Greg Bensinger (Reuters) – Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries
Tesla stock extends rally as Musk-Trump alliance fuels gains
By Zaheer Kachwala (Reuters) -Tesla shares extended last week’s sharp rally with a jump of over 8% on Monday, fueled by bets of the automaker
Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says
By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) -The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers
IKEA ready for potential tariffs under Trump, CFO says
By Helen Reid LONDON (Reuters) – IKEA has learned from recent supply chain disruptions and is well prepared for potential trade barriers, the owner of
Moderna reports surprise profit on higher-than-expected COVID vaccine sales
By Patrick Wingrove (Reuters) -Moderna reported a surprise third-quarter profit on Thursday, driven by cost cutting and higher-than-expected sales of its COVID-19 vaccine, even with