By Clark Mindock and Brendan Pierson (Reuters) – 3M Co has struck a tentative settlement of at least $10 billion…
Category: Business
US telecom companies say not in talks with Amazon for wireless services
(Reuters) – Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc to offer low-cost wireless…
Global shares, US yields rise after strong jobs data, debt-ceiling passage
By Chibuike Oguh NEW YORK (Reuters) -Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data…
US employers boost hiring in May, but labor market losing steam
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in May, but a surge in the unemployment rate to…
JPMorgan president says loan demand declining, US economic slowdown weighs
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co’s President and Chief Operating Officer Daniel…
Fed seen skipping June, maybe hiking in July after jobs data
(Reuters) – Federal Reserve policymakers will probably leave interest rates unchanged when they meet later this month, but keep the…
Ford Motor Co sues Blue Cross Blue Shield in antitrust case over ‘astronomical’ profit
By Mike Scarcella (Reuters) – Ford Motor Co sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing…
High-flying C3.ai shares slump as sobering forecast dampens AI hype
By Medha Singh (Reuters) -Shares of C3.ai Inc dropped 13% on Thursday after the software maker’s disappointing quarterly revenue forecast…
Elon Musk is accused of insider trading by investors in Dogecoin lawsuit
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk is being accused of insider trading in a proposed class action…
Semi shorts down $18 billion in mark-to-market losses in 2023, S3 Partners says
NEW YORK (Reuters) – Short sellers in U.S. shares related to the semiconductor industry are down $18.31 billion in mark-to-market…