Business News

By Aniruddha Ghosh (Reuters) -A blistering rally in Tesla Inc shares has powered the EV maker’s market value toward trillion-dollar levels, prompting some analysts to question its valuation and downgrade …

(Reuters) – KPMG is laying off 5% of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting …

(Reuters) – Biogen shareholders elected former company executive Susan Langer as a director on Monday, weeks after her romantic partner, Alex Denner, vacated the seat and the board nominated her …

By Jonathan Cable LONDON (Reuters) – The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as …

MILAN (Reuters) – Stellantis has reached a deal with Italian dealers to help the carmaker deliver vehicles at a time of prolonged logistical disruption in Europe, the group’s head for …

(Reuters) – Amazon.com’s cloud computing division would invest $7.8 billion through 2030 in Ohio to expand its data center operations, it said on Monday. The e-commerce giant, which has invested …

(Reuters) – Meta Platforms on Monday launched Meta Quest+, a subscription-based service for its virtual reality (VR) headsets to shape a nascent but high-investment market. Chief Executive Mark Zuckerberg, in …

By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by website Genius to revive its lawsuit accusing Alphabet’s Google of misusing its transcripts …

By Amruta Khandekar and Siddarth S (Reuters) -European shares inched lower on Monday, led by healthcare, while defence stocks fell after an aborted weekend mutiny in Russia. The pan-European STOXX …

By Samrhitha A (Reuters) – Meta Platforms plans to cut off access to news on Facebook and Instagram for all users in Canada once a new law requiring internet giants …

By Ananya Mariam Rajesh and Juveria Tabassum (Reuters) -Cruise operator Carnival on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher …

By Hilary Russ and Caroline Valetkevitch (Reuters) -Workers at dozens of U.S. Starbucks locations held strikes on Sunday to express their outrage over accusations by the baristas’ union that managers …

By Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s election line-up twist, which saw the ruling Peronist coalition torpedo a leftist candidate in favor of a centrist economy minister, boosted local markets …

(Reuters) – Carmakers must pay compensation for diesel vehicles fitted with illegal emissions controlling devices, Germany’s highest federal court ruled on Monday, in a case that could potentially cost Volkswagen, …

LONDON (Reuters) – Britain’s finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is …

By Saeed Azhar and Manya Saini NEW YORK (Reuters) – Goldman Sachs Group Inc plans to add former Bank of America executive Tom Montag to its board, a person familiar …

MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil, controlled by the family of tycoon Carlos Slim, announced the launch of a foreign debt public offering of up to 20 …

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams played down the linkage between monetary policy and financial stability in comments made public …

(Reuters) -Prologis Inc said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone for $3.1 billion in an …

By Yuvraj Malik (Reuters) -IBM said on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners for $4.6 billion in cash, in the latest deal to bolster …

(Reuters) -Home health and hospice caregiver Amedisys on Monday agreed to a $3.3 billion sweetened cash offer from UnitedHealth Group and scrapped an all-stock deal with Option Care Health. UnitedHealth …

By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Nike’s bid to overturn a U.S. Patent Office tribunal’s decision to cancel part of a …

By Alexander Marrow (Reuters) – The rouble sank to its lowest in nearly 15 months against the dollar on Monday in one of its most volatile sessions this year as …

By Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s monthly inflation was seen at 4.84% in June, partly due to the lira’s sharp decline after elections last month, a Reuters poll showed …