News
Capital One to purchase Discover Financial Services
In an all-stock deal that would merge the two of the largest credit card companies in the U.S., Capital One...
Government awards $1.5 billion to computer chip company
Computer chip company GlobalFoundries will receive $1.5 billion to expand production at factories in New York and Vermont, the Biden...
TikTok under EU investigation over potential content breaches
The European Union has announced a probe into whether ByteDance's TikTok is complying with regulations that require large social media...
Judgment forces Air Canada to pay customer misled by chatbot
Air Canada was ordered to pay compensation to a customer who purchased a full-price ticket after receiving misleading information from the...
JetBlue, Carl Icahn make deal for 2 board seats
Carl Icahn and JetBlue have reached an agreement to give seats on the company's board of directors to Jesse Lynn, general counsel...
Future of retail is “small, omni stores,” CEO says
"The future of retail is small, efficient, omni stores" that are located "where the customer tells us," says Abercrombie $...
Small AI firms sees shares rise on disclosure of Nvidia stakes
Several smaller AI firms saw shares rise Thursday after Nvidia disclosed stake in them. The chipmaker's biggest investment, $147.3 million,...
Retail sales drop 0.8% between December and January
Retail sales were down 0.8% in January after rising a revised 0.4% in December, a Commerce Department report shows. This...
U.S. loosens restrictions on Wells Fargo
A consent order against Well Fargo that had been in place since late-2016 was terminated by the Office of the...
Stellantis takes hit on second-half profits due to strikes
Stellantis, the world’s third-largest automaker, saw a 13% drop in net profits in the second half of last year following...
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