US online sales hit $7.2 billion on first day of Amazon Prime Day event, Adobe says
(Reuters) – Shoppers spent about $7.2 billion online across retailers during the first day of Amazon’s Prime Day in the…
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Squishmallows maker can sue Build-A-Bear over alleged knockoffs
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge rejected Build-A-Bear Workshop’s effort to dismiss a lawsuit claiming that…
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…
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…
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…
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…
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…
Exclusive-OpenAI working on new reasoning technology under code name ‘Strawberry’
By Anna Tong and Katie Paul ChatGPT maker OpenAI is working on a novel approach to its artificial intelligence models…
Intel on track for cumulative software sales of $1 billion by end 2027, exec says
By Fanny Potkin SINGAPORE (Reuters) – Intel’s push into software is going well and the company could have cumulative software…
Citi profit beats on surge in investment banking, services strength
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a…