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Category: Business

Waystar shares fall 2% in underwhelming Nasdaq debut

Posted on June 7, 2024 by Financial Edge Daily

(Reuters) -Shares of Waystar fell 2.3% below their initial public offering price in their Nasdaq Global Select Market debut on Friday, giving the healthcare payments company a valuation of $3.50 billion. The…

Visa and MasterCard face new UK lawsuits over merchant fees

Posted on June 7, 2024 by Financial Edge Daily

LONDON (Reuters) – Global payments processors Visa and Mastercard must face a new set of lawsuits over fees charged to retailers, after a London tribunal ruled on Friday that collective cases brought…

Meta’s WhatsApp launches new AI tools for businesses

Posted on June 6, 2024 by Financial Edge Daily

By Dani Morera and Andre Romani SAO PAULO (Reuters) -Meta launched its first AI-driven ad targeting program for businesses on WhatsApp, according to a press release Thursday, as it tries to wring…

GameStop surges as ‘Roaring Kitty’ posts upcoming livestream

Posted on June 6, 2024 by Financial Edge Daily

(Reuters) – Shares of GameStop surged over 30% on Thursday after the online stock influencer known as “Roaring Kitty” posted on YouTube that he would hold a livestream on Friday. Thursday’s surge…

$1.3 billion UK lawsuit accuses Amazon of misusing small sellers’ data

Posted on June 6, 2024 by Financial Edge Daily

LONDON (Reuters) – Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and…

Meme stock GameStop climbs after raising $933 million in share sales

Posted on May 28, 2024 by Financial Edge Daily

(Reuters) -GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing in on a rally in the meme stock earlier this month. The…

Anglo American rejects BHP’s revised $42.7 billion buyout proposal

Posted on May 13, 2024May 21, 2024 by Financial Edge Daily

By Clara Denina LONDON (Reuters) -Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world’s largest listed miner “continues to significantly…

Apple’s Vision Pro Headset Goes Global

Posted on May 13, 2024May 20, 2024 by Financial Edge Daily

(Reuters) – Apple is gearing up to sell its Vision Pro mixed-reality headset outside the United States, Bloomberg News reported on Monday, in a bid to invigorate demand for its most expensive…

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