Stocks
By Jody Godoy (Reuters) -Alphabet’s Google (NASDAQ:) must sell its Chrome browser, share data and search results with rivals and take other measures – including possibly selling Android – to end its monopoly on online search, prosecutors argued to a judge on Wednesday. Such changes could result in Google being…
By Hyunjoo Jin, Cynthia Kim and Kane Wu SEOUL (Reuters) -A takeover battle over Korea is adding pressure on Seoul to pass legislative reforms to ensure better protections for all investors in a country with a stock market dominated by family-run conglomerates. Korea Zinc Chairman Yun B. Choi, a grandson…
By Renju Jose SYDNEY (Reuters) – Australia’s centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and proposed fines of up to A$49.5 million ($32 million) for social media platforms for systemic breaches. Australia plans to trial an age-verification system…
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -Former billionaire investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein…
By Abhirup Roy SAN FRANCISCO (Reuters) – Hyundai Motor (OTC:) unveiled its first three-row electric SUV on Wednesday, pushing into a market for big family cars that global automakers hope will one day be a profit powerhouse. Hyundai’s IONIQ 9 will roll out in the United States and Korea early…
Investing.com– U.S. stock index futures moved little in evening deals on Wednesday as markets digested a mixed showing from artificial intelligence major Nvidia, which clocked strong earnings but presented an outlook that just scraped past estimates. Futures moved little after a muted session on Wall Street, as anticipation of NVIDIA…
By Max A. Cherney, Arsheeya Bajwa (Reuters) -Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm. Shares of the Santa Clara, California-based company fell roughly 1% in extended trading.They had closed…
By Abigail Summerville (Reuters) -The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session’s rally as investors worried about escalating Russia-Ukraine tensions and weak results from Target (NYSE:), while awaiting earnings from megacap Nvidia (NASDAQ:) that landed after the bell. The Dow and ticked up late…
By Jonathan Stempel (Reuters) – U.S. prosecutors unveiled criminal charges on Wednesday against five alleged members of Scattered Spider, a cybercrime group suspected of hacking into dozens of U.S. companies to steal confidential information and cryptocurrency. Martin Estrada, the U.S. Attorney in Los Angeles, said the defendants conducted phishing attacks…
(Corrects paragraph 9 to remove reference to self-insured plans; paragraph 13 to show it is a specific type of health plan; last paragraph to show survey included employers of 50 people or more) By Amina Niasse NEW YORK (Reuters) -About 44% of U.S. employers with 500 or more employees cover…
