SYDNEY (Reuters) -Australia’s internet watchdog on Wednesday widened its world-first teen social media ban to include Reddit and video live streaming platform Kick, and said more sites could be added if their main role was to enable online social interaction. Australia will become the first country to fine social media firms up to A$49.5 million …
Australia includes Reddit, Kick in teen social media ban Read More »
(Reuters) -JPMorgan Chase said in a regulatory filing on Tuesday it was cooperating with inquiries from government agencies and other entities regarding its policies and procedures in light of the Trump administration’s push to scrutinize banks over alleged “debanking” of certain industries or clients. The U.S. Office of the Comptroller of the Currency, or OCC, …
JPMorgan Chase responding to requests on ‘debanking’ policies Read More »
By Anshi Sancheti (Reuters) -Mediterranean restaurant chain Cava Group on Tuesday cut its annual same-store sales growth forecast for the second time this year, signaling sluggish spending on dining out by budget-conscious customers. Shares of the company were down 4% after the bell. The company expects full-year same-restaurant sales to rise between 3% and 4%, …
Restaurant chain Cava cuts sales forecast again on uneven demand Read More »
(Reuters) -Eli Lilly and Novo Nordisk are expected to announce deals with the Trump administration to cut prices of their weight-loss drugs in exchange for Medicare coverage, a White House source told Reuters on Tuesday. Patients in the U.S. currently pay the most for prescription medicines, often nearly three times more than in other developed …
(Reuters) -Taser-maker Axon Enterprise missed analysts’ estimate for third-quarter profit on Tuesday, pressured by higher costs resulting from the implementation of tariffs, sending its shares slumping 20% in extended trading. Earlier this year, the company had flagged that the tariff war could disrupt its operations by hindering the procurement of imported components for its products …
Taser-maker Axon Enterprise misses profit estimates amid tariff woes, shares tumble Read More »
(Reuters) -Utility Entergy’s unit and pipeline firm Energy Transfer have signed a 20-year agreement to deliver natural gas to North Louisiana, the companies said on Tuesday. The U.S. is poised to see a record surge in power demand this year and in 2026, led by data centers’ outsized energy needs, the U.S. Energy Information Administration …
Entergy, Energy Transfer sign long-term natural gas transportation deal Read More »
(Reuters) -The International Association of Machinists and Aerospace Workers said on Tuesday that five members of the Senate Armed Services Committee urged Boeing CEO Kelly Ortberg to negotiate in good faith and reach a fair agreement with the striking members. The union, which entered its third month on strike, represents over 3,200 workers who assemble …
Boeing union says senate members urge CEO Ortberg to negotiate in good faith Read More »
(Reuters) -American International Group reported a rise in third-quarter profit on Tuesday, as the insurer was helped by strong gains from underwriting that offset a drop in income from investments. Business and individuals have continued to spend on policies to protect against financial risks and natural disasters, helping insurance companies rake in the gains. The …
Insurer AIG’s third-quarter profit rises on underwriting strength Read More »
(Reuters) -IBM will cut roles this quarter, the company said on Tuesday, potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall Street hones in on the company’s ability to benefit from AI-linked cloud demand. “We routinely review our workforce … and at times rebalance accordingly,” the company said …
IBM to cut thousands of jobs in fourth quarter amid software focus Read More »
By Casey Hall and Sophie Yu SHANGHAI/BEIJING (Reuters) -Starbucks’ decision on Monday to sell up to 60% of its China business to local private equity firm Boyu Capital could help the hard-pressed brand regain ground in one of the world’s fastest-growing coffee markets. By pulling in Boyu, the U.S. coffee chain is adding local capital …
Analysis-Starbucks’ bet on local expertise could help it regain ground in China Read More »
