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(Reuters) – Meta Platforms said on Thursday it has partnered with film director James Cameron’s technology venture Lightstorm Vision to enhance the creation of 3D entertainment, including live sports, concerts and TV series, for the Meta Quest. The Quest headset will be Lightstorm Vision’s exclusive mixed reality hardware platform, the Facebook-parent said. The partnership underscores …

Meta partners with James Cameron’s tech venture to boost mixed reality content Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose slightly last week, pointing to steadily easing labor market conditions heading into the final stretch of 2024. Sluggish hiring, however, means some people who lose their jobs are collecting unemployment checks for longer periods relative to early this …

US weekly jobless claims edge up; falling imports compress trade deficit Read More »

(Reuters) – Meta Platforms Inc announced a deal on Thursday to buy the green credits from four large U.S. solar energy projects that will help the Facebook owner meet its clean electricity goals as its power needs surge. The agreement is the latest in a string of announcements Meta has made this year aimed at …

Meta buys credits from four big US solar projects Read More »

By Alex Lawler, Ahmad Ghaddar and Yousef Saba LONDON (Reuters) – OPEC+ at its Dec. 5 meeting made further changes to its oil production policy, by delaying a planned increase in output further into next year as it faces a weaker oil demand outlook. The oil producer group on Thursday pushed back the start of …

Explainer-What OPEC+ oil output cuts are currently in place? Read More »

By Mike Scarcella (Reuters) -Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John Badalamenti in Fort Myers ruled that the plaintiffs had presented enough …

Target must face shareholder lawsuit over Pride backlash, US judge rules Read More »

(Reuters) -Dollar General warned on Thursday profit margins would be pressured in the holiday quarter due to higher promotions and discounts as shoppers stuck to buying more essentials like groceries, sending its shares down as much as 5%. A shorter 26-day period between Thanksgiving and Christmas, coupled with frugal consumer spending, has pushed U.S. retailers …

Dollar General flags profit margin squeeze from holiday discounts, shares fall Read More »

ISTANBUL (Reuters) – Turkey’s competition board said on Thursday that it has decided to terminate an investigation of Meta Platforms regarding data-sharing between social media platforms Threads and Instagram. Commitments presented by the company to address competition concerns are sufficient and hence the authority decided to end the investigation, it said in a statement. As …

Turkish antitrust authority ends Meta probe over Threads data-sharing Read More »

By Ananya Mariam Rajesh (Reuters) -Kroger topped quarterly same-store sales expectations on Thursday, benefiting from a surge in customers shopping for its lower priced and freshly sourced groceries at its stores and online. The U.S. grocer, which competes with retail giants such as Walmart and Amazon.com, has been ramping up its e-commerce investments to keep …

Kroger tops sales estimates on higher demand for fresh, cheaper groceries Read More »