By Mike Scarcella (Reuters) -Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence. Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X and xAI…
By David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -Intel said on Monday that the U.S. government’s 9.9% stake in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its ability to secure future government grants. The company laid out new risk factors in a securities filing after the government decided…
By Frank Pingue (Reuters) -The NFL has tapped its roster of retired players to help keep the current crop from fumbling away their careers over gambling violations — enlisting former gridiron veterans to deliver the message that betting and football simply do not mix. Sabrina Perel, the NFL’s vice president and chief compliance officer, said…
By Diana Novak Jones (Reuters) -Kraft, Mondelez, Coca-Cola, and several other major food companies have beaten a lawsuit accusing them of designing “ultra-processed” foods to be addictive to children, causing chronic disease. U.S. District Judge Mia Perez in Philadelphia granted the companies’ motion to dismiss on Monday after finding that the plaintiff in the case,…
Where Opportunity May Hide in Plain Sight In today’s market, investor attention often gravitates toward mega-cap technology companies trading at elevated valuations. Yet historically, some of the most compelling opportunities have emerged outside the spotlight — among lesser-known Nasdaq-listed companies that combine reasonable pricing with exposure to durable long-term trends. Stocks trading under $50 may…
By Joey Roulette WASHINGTON (Reuters) – Boeing’s troubled Starliner capsule that left two NASA astronauts on the International Space Station last year may need to fly a third uncrewed test flight before it carries astronauts again, agency officials said as the spacecraft’s first crew had to return to Earth on a SpaceX capsule this week….
Nike (NYSE: NKE) is set to report its Q3 fiscal 2025 earnings on Thursday after the bell, and investors are bracing for one of its most critical reports in years. With revenue expected to decline double digits, supply chain costs mounting, and new tariff threats looming, this quarter will be a major test of Nike’s resilience….
WASHINGTON (Reuters) – A U.S. House of Representatives committee on Monday asked the Homeland Security Department to turn over documents on the federal government’s response to reported massive Chinese hacking incidents. House Homeland Security Chair Mark Green and the chairs of two subcommittees asked DHS Secretary Kristi Noem to turn over records detailing the government’s…
A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey…
In today’s volatile financial landscape, many investors find themselves paralyzed by uncertainty, unsure of how to proceed. Recent market fluctuations, driven by geopolitical tensions and economic policy shifts, have exacerbated these fears. However, history teaches us that patience and strategic action can lead to rewarding outcomes. Let’s explore the current scenario, draw lessons from the past,…
