Amazon punished its own sellers to limit Walmart’s reach, FTC says
By Siddharth Cavale and Arriana McLymore NEW YORK (Reuters) – Amazon.com Inc punished its own sellers to limit Walmart’s reach…
Category: Business
Amazon founder Bezos plans move to Miami from Seattle
(This Nov. 2 story has been refiled to fix a typo in paragraph 1) (Reuters) – Amazon founder Jeff Bezos…
Chinese EV upstart Nio plans to cut workforce by a tenth
SHANGHAI/BEIJING (Reuters) -China’s Nio plans to trim its workforce by 10% this month as it moves to improve efficiency and…
Oil rises nearly 3% after Fed, BoE keep rates unchanged
By Shariq Khan BENGALURU (Reuters) – Oil prices gained more than $2 a barrel on Thursday, breaking a three-day declining…
Barrick Gold beats Q3 profit estimates on higher production, lower costs
By Divya Rajagopal and Seher Dareen (Reuters) -Barrick Gold Corp beat analysts’ expectations for third-quarter profit on Thursday, as the…
Palantir projects revenue above estimates on demand for AI platform
By Arsheeya Bajwa and Chavi Mehta (Reuters) -Data analytics firm Palantir Technologies forecast fourth-quarter revenue above market estimates on Thursday,…
Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign
By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve held interest rates steady on Wednesday as policymakers…
Clorox bets on strong inventory to help overcome cyber attack hit
By Juveria Tabassum (Reuters) -Clorox said on Wednesday it expects to rebuild customer inventory levels by the end of the…
Disney’s ESPN could be valued at $24 billion, likely buyers include Apple, Verizon – BofA
(Reuters) – Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from…
Shopify merchants seek AI boost for key sales decisions
By Arriana McLymore NEW YORK (Reuters) – A week after e-commerce giant Amazon said it is giving its sellers new…