(Reuters) – Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day in the United States, according to a report from Adobe Analytics on Wednesday. Major…
Month: July 2024
Exclusive-Apax, Bain and CVC exploring potential bids for SoftwareOne, sources say
By Amy-Jo Crowley and Oliver Hirt LONDON (Reuters) – Apax Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two people with knowledge of the situation said, three months…
Exclusive-FTC seeking details on Amazon deal with AI startup Adept, source says
By Krystal Hu, Greg Bensinger and Jody Godoy (Reuters) – The U.S. Federal Trade Commission has asked Amazon.com to provide more details on its deal to hire top executives and researchers from…
Microsoft’s hiring of former Inflection AI staff prompts UK probe
By Yadarisa Shabong and Martin Coulter (Reuters) – Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of some former staff of Inflection AI and its partnership with the startup,…
Where J.D. Vance, Trump’s VP pick, stands on key issues
(Deletes extraneous words ‘has been’ in paragraph 8) MILWAUKEE (Reuters) – Ohio U.S. Senator J.D. Vance, Donald Trump’s new running mate, has embraced trade barriers, isolationism and social conservatism, issues that have…
Warner Bros Discovery rises after BofA says possible sale of assets likely beneficial
(Reuters) – Shares of Warner Bros Discovery rose more than 6% on Tuesday after Bank of America (BofA) Global Research said the company could create more value for its shareholders if it…
Stocks rise, yields up as investors assess prospect of Trump win
By Caroline Valetkevitch and Isla Binnie NEW YORK (Reuters) -World stock indexes and Treasury yields rose on Monday while the dollar dipped as investors weighed the prospect of Republican Donald Trump winning…
Fed’s Powell touts progress on inflation
(Reuters) – Federal Reserve Chair Jerome Powell said on Monday the three U.S. inflation readings over the second quarter of this year do “add somewhat to confidence” that the pace of price…
BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks
By Arasu Kannagi Basil and Davide Barbuscia (Reuters) – Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped…
Berkshire Hathaway share price sets record high
By Jonathan Stempel (Reuters) -Berkshire Hathaway’s share price hit a record high on Monday, reflecting investors’ confidence in Warren Buffett’s company, which is often regarded as a microcosm of the broader American…