Business News

By David Shepardson WASHINGTON (Reuters) -Federal Trade Commission Chair Lina Khan’s years-long push to challenge the power of Amazon.com reached a turning point on Tuesday when her agency filed a …

By Deborah Mary Sophia (Reuters) -Costco Wholesale topped market estimates for quarterly revenue and profit on Tuesday as consumers flocked to its stores for cheaper groceries and other necessities, helping …

By Kanishka Singh WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission said on Tuesday it settled fraud charges against Hyzon Motors of misleading investors. The company, a maker of hydrogen …

PHILADELPHIA, PA – Pennsylvania Attorney General Michelle Henry announced a collaborative lawsuit against Amazon.com, Inc., alongside the Federal Trade Commission (FTC) and 16 other state Attorneys General. The lawsuit aims …

WASHINGTON (Reuters) – A senior U.S. district judge nominated by Republican former President Ronald Reagan on Tuesday has been assigned to the U.S. Federal Trade Commission antitrust lawsuit filed against …

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Normal service resumed. Wall Street on Tuesday buckled under the …

By Nate Raymond (Reuters) -A federal judge in Atlanta on Tuesday rejected a bid to bar a small venture capital fund from awarding grants to businesses run by Black women, …

By Blake Brittain (Reuters) – Drugmaker Eli Lilly convinced a federal judge in Massachusetts on Tuesday to overturn a $176.5 million jury verdict for Teva Pharmaceutical that found Lilly’s migraine …

(Reuters) -Grocery delivery platform Instacart’s stock on Tuesday closed for the first time below the price in its initial public offering. Shares of Instacart, formally called Maplebear, dropped 1.65% to …

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase reorganized the leadership in its investment bank, promoting a new head in North America to succeed Fernando Rivas, who plans to retire, …

By Nicole Jao NEW YORK (Reuters) -Oil prices settled nearly 1% higher on Tuesday, rebounding from a slump to a two-week low in early trading as expectations of tighter supply …

By Sinéad Carew NEW YORK (Reuters) – A global equity index lost more than 1% on Tuesday in a choppy trading session as fears of higher-for-longer interest rates ate into …

By Bansari Mayur Kamdar (Reuters) – Approvals on new exchange-traded funds, including bitcoin spot ETFs, could face delays if the U.S. government shuts down next month for the fourth time …

By Laura Matthews NEW YORK (Reuters) – A U.S. regulatory change to stock market transactions has financial infrastructure system CLS exploring delaying settlement instructions for foreign exchange trades, a move …

(Reuters) – Hollywood studios are expected to retain the right to train artificial-intelligence models based on writers’ work under the terms of a tentative labor agreement between the two sides, …

By Luc Cohen NEW YORK (Reuters) – A U.S. judge on Tuesday said prosecutors can discuss Sam Bankman-Fried’s political donations at his upcoming trial, because the contributions are relevant to …

(Reuters) – Target said on Tuesday it would close nine stores across four U.S. states, including California, citing that theft and organized retail crime was threatening the security of the …

SANTIAGO (Reuters) – Chile’s Codelco, the world’s largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from high levels of debt and …

By Karen Brettell NEW YORK (Reuters) – The dollar index hit a 10-month high on Tuesday while the Japanese yen came closer to the key 150 level, where Japanese officials …

PARIS (Reuters) – Food retailers and producers in France will have to wrap up annual price negotiations by Jan. 15 instead of by the traditional March 1 deadline under a …

NEW YORK – The New York Lottery has revealed that the September 25th Powerball drawing produced three lucky third-prize-winning tickets, offering a substantial reward to their holders. The winning tickets …

WASHINGTON (Reuters) – U.S. Federal Communications Commission chair Jessica Rosenworcel on Tuesday said she would move quickly to reinstate landmark net neutrality rules rescinded under former President Donald Trump. Rosenworcel …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession, …

BERLIN (Reuters) – The United States hopes Europe will take similar measures to its Inflation Reduction Act to drive a “race to the top” on support for green technologies, a …

Belleville, Michigan (Reuters) – U.S. President Joe Biden said United Auto Workers should get the 40% pay raise the union is seeking as he joined the auto workers on strike …