Dollar General cuts annual forecasts on weak discretionary demand; shares plummet
(Reuters) -Discount retailer Dollar General slashed its annual sales and profit forecast on Thursday, as budget-conscious customers cut back spending…
Category: Business
Meta says its Llama AI models being used by banks, tech companies
By Katie Paul NEW YORK – Meta’s Llama artificial intelligence models are being used by companies including Goldman Sachs and…
Exclusive-Tesla asked Canada for lower tariff on China-made EVs, government source says
By David Ljunggren OTTAWA (Reuters) – Before Canada said this week it was imposing a 100% duty on Chinese-made electric…
US Fed sets large bank capital levels after stress tests, eases on Goldman’s level
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Wednesday it had set the latest capital cushions…
US CFTC: TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation
(Reuters) – The U.S. commodity markets regulator on Tuesday ordered the Swiss energy trader TOTSA TotalEnergies Trading SA to pay…
Banking industry loses challenge to CFPB small business loan rule
By Nate Raymond (Reuters) – A federal judge on Monday rejected a banking industry-backed challenge to a rule adopted by…
Bank of New York Mellon to pay $5 million over swap reporting, supervision failures, CFTC says
NEW YORK (Reuters) – The Bank of New York Mellon has agreed to pay $5 million to settle U.S. Commodity…
Chipotle denied raises to unionized workers, US labor agency says
By Daniel Wiessner (Reuters) – U.S. labor board prosecutors have determined that a union’s claims that Chipotle Mexican Grill illegally…
Eli Lilly Alzheimer’s drug to be blocked for use by NHS, The Telegraph reports
(Reuters) -Eli Lilly’s treatment for early Alzheimer’s is expected to be blocked for use by Britain’s National Health Service (NHS),…
Apple targets Sept. 10 debut for new iPhones, AirPods and watches, Bloomberg News reports
(Reuters) – Apple is planning its biggest product launch event of the year on Sept. 10, during which it will…