By Ismail Shakil OTTAWA (Reuters) – A Canadian regulator said on Wednesday it will impose a fee on Google to recover the cost of enforcing a law that requires large internet platforms to pay for news content on their websites. The imposition of the levy on the Mountain View, California-based search engine giant comes at …
Canada regulator to impose fee on Google for online news law’s operating costs Read More »
By Akash Sriram (Reuters) -Language learning app Duolingo forecast annual revenue above Wall Street expectations on Thursday, anticipating a stronger adoption of its subscription tier featuring artificial intelligence capabilities. The Pittsburgh, Pennsylvania-based company’s shares were up about 4% in extended trading. The company operates a “freemium” model, providing a basic set of features for all …
Duolingo forecasts annual revenue above estimates on strong adoption of AI features Read More »
(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker on Thursday expressed support for continuing to hold short-term U.S. borrowing costs in their current range of 4.25%-4.50%, a level he believes will help get inflation back down to the Fed’s 2% target but isn’t hurting the job market or the economy more generally. “The policy …
Fed’s Harker expresses support for keeping policy rate on hold Read More »
By Waylon Cunningham (Reuters) – One year after California introduced a first-of-its-kind $20 minimum wage for fast-food workers, an increase of up to 70 cents is slated for a vote. California’s Fast Food Council, comprised of fast-food workers, restaurant owners and state officials, approved a motion Wednesday to consider a cost-of-living-adjustment at an upcoming meeting. …
California could bump fast-food minimum wage to $20.70 Read More »
(Reuters) -Apollo Global Management is in talks to lead a roughly $35 billion financing package for Meta Platforms to help develop data centers in the U.S., Bloomberg News reported on Thursday citing people with knowledge of the matter. The alternative asset manager has discussed providing a major part of the financing, according to the report. …
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – Mexico’s Becle, the maker of Jose Cuervo tequila, warned on Thursday that it could face an $80 million impact this year if U.S. President Donald Trump goes through with his threat of imposing tariffs next month on Mexican products. Becle, the world’s largest tequila producer, reported late on …
Jose Cuervo tequila maker warns of potential Trump tariffs hit, shares fall Read More »
(Reuters) – U.S. President Donald Trump’s cancellation of licenses for foreign oil companies to operate in sanctioned Venezuela will reduce the dollars on offer in the country’s exchange market, stoking depreciation of the local bolivar currency and prices, analysts said on Thursday. The cancellation on Wednesday is the latest economic challenge for Venezuelan President Nicolas …
Trump’s cancellation of oil licenses likely to stoke Venezuela inflation Read More »
By Kylie Madry MEXICO CITY (Reuters) – Walmart’s Mexico and Central America unit is preparing to launch its debit card service, an executive said on Thursday. WHY IT’S IMPORTANT Walmex, as the company is also known, is Mexico’s largest retailer. It bought a payment app in 2023 to become its fintech service, known as Cashi, …
Walmart Mexico readies launch of debit card service Read More »
By Jonathan Stempel (Reuters) – Apple has been sued by consumers who said its claim that three versions of Apple Watches are “carbon neutral” and environmentally friendly is false and misleading. In a complaint filed on Wednesday in San Jose, California federal court, seven purchasers of the green-tagged Apple Watch Series 9, SE and Ultra …
Apple sued over ‘carbon neutral’ claim for watches Read More »
(Reuters) – Shares of Bath & Body Works fell 12% on Thursday after the company forecast annual sales and profit largely below expectations as the fragrances and scented candles maker grapples with uncertain discretionary spending. The forecasts also reflect the impact of U.S. President Donald Trump’s February tariffs of 10% on goods imported from China, …
Bath & Body Works forecasts tepid annual results on tariffs, spending concerns Read More »
