Financial Wealth Daily

Exclusive-Amazon developing driver eyeglasses to shave seconds off deliveries, sources say

By Greg Bensinger (Reuters) – Amazon is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the final stretch of an order’s journey to a customer’s home, five people familiar with the matter said. If successful, the glasses would provide drivers with turn-by-turn navigation…

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Exclusive-Stellantis, partner Leapmotor scrap plan to make second EV model in Poland, sources say

SHANGHAI (Reuters) – Stellantis and its Chinese partner Leapmotor have scrapped a plan to make a second electric vehicle model at the European automaker’s plant in Poland, two people with knowledge of the matter told Reuters. The joint venture is instead considering using a Stellantis factory in Eisenach, Germany that produces Opel models and its…

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Vanguard to pay $40 million to mutual fund investors stuck with big tax bills

By Jonathan Stempel (Reuters) – Vanguard Group, the largest U.S. manager of mutual fund assets, agreed to pay $40 million to settle a lawsuit claiming it stuck ordinary investors in its popular target-date retirement funds with surprisingly large tax bills. A preliminary settlement of the proposed class action was filed on Wednesday in Philadelphia federal…

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Exclusive-EU regulators investigate if Visa, Mastercard fees harm retailers, document shows

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are investigating whether the fees charged by Visa and Mastercard have a negative impact on retailers, an EU document seen by Reuters showed. The European Commission, which enforces EU competition rules, sent questionnaires about both Visa and Mastercard to retailers and payment service providers in…

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