Reuters US Business

By Diana Novak Jones Dec 2 (Reuters) – The city of San Francisco sued Kraft, Mondelez, Coca-Cola and other makers of ultra-processed foods on Tuesday, accusing them of knowingly sickening California residents with addictive and harmful products. City Attorney David Chiu filed the lawsuit in San Francisco Superior Court, alleging the companies employed tactics similar …

San Francisco sues Kraft, Mondelez over ultra-processed foods Read More »

By Greg Bensinger and Stephen Nellis LAS VEGAS, Dec 2 (Reuters) – Amazon.com’s AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to attract major AI customers to use its services. AWS, or Amazon Web Services, …

Amazon to use Nvidia tech in AI chips, roll out new servers Read More »

Dec 2 (Reuters) – U.S. shoppers spent $14.25 billion on Cyber Monday, pushing total online sales over the Thanksgiving weekend to $44.2 billion, according to an Adobe Analytics report, as consumers lapped up offers on everything from gadgets to household essentials. Spending rose 7.7% during the so-called Cyber Week – the five days from Thanksgiving …

Record shoppers, online sales surge signal strong US holiday season momentum Read More »

Dec 2 (Reuters) – Global smartphone shipments are expected to decline by 0.9% in 2026 as rising memory chip prices are pushing average selling prices to record highs, according to research firm IDC. The drop follows a stronger 2025, when shipments are forecast to grow 1.5% to 1.25 billion units, driven by Apple’s strong performance …

IDC sees global smartphone shipments dipping in 2026 as memory costs bite Read More »

Dec 2 (Reuters) – Ford Motor Co and Hyundai Motor on Tuesday reported marginal declines in U.S. auto sales in November, as sales of electric vehicles fizzled following the end of tax credits. Demand for electric vehicles has taken a hit after Republican U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits …

Ford, Hyundai US sales down slightly in November as EVs drag Read More »

By Kirsti Knolle BERLIN, Dec 2 (Reuters) – Germany’s antitrust authority said on Tuesday it is testing Apple’s proposed changes to its app tracking rules, seeking feedback from publishers, media groups and regulators to assess whether the new measures address competition concerns. Apple said it had agreed to make changes to the text and formatting …

German antitrust watchdog tests Apple’s revised app tracking rules Read More »