moves
By Renju Jose SYDNEY (Reuters) -Australia on Wednesday moved closer to banning social media for children under 16 after the parliament’s lower house passed the bill even as Alphabet (NASDAQ:)’s Google and Facebook-owner Meta (NASDAQ:) pressed the government to delay the legislation. Australia’s House of Representatives passed the bill 102…
OpenAI is one step closer to becoming a for-profit company.The AI startup is in preliminary talks with California’s attorney general’s office, Bloomberg reported.A for-profit structure would be much more conventional for the investors OpenAI is courting. OpenAI is one step closer to changing its governance structure from nonprofit to for-profit.The…
Investing.com — General Motors (NYSE:) Chief Executive Mary Barra used an investor day in Tennessee on Tuesday to reassure shareholders that its profit margins for its internal combustion engine (ICE) cars have not peaked and demand for electric vehicles is improving. Barra added that earnings before interest and taxes for next…
A key US ally has accused China of dangerous behavior in the skies above the South China Sea, saying two Chinese Air Force jets flew close to a Philippine transport plane and released flares in its flight path.The Philippines accused China of provocative actions violating lawful international flight operation on…
Gaming and Leisure Properties Inc. (NASDAQ:) discussed its second-quarter financial performance and strategic developments during its Q2 2024 earnings call. The company reported a $24 million increase in total income from real estate compared to the same quarter in the previous year. GLPI’s Chairman and CEO, Peter Carlino, detailed the…
By Nell Mackenzie, Dhara Ranasinghe and Samuel Indyk (Reuters) – European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters analysis shows, a trend that has more to do with the growing sway of fast money in the $15 trillion market than with…
By Nichola Groom(Reuters) – The White House on Thursday said it would protect domestic solar factories from Chinese competition by scrapping a tariff exemption for imported double-sided panels and making it easier for projects to claim a subsidy for using American-made products.The moves come as President Joe Biden touts his…
Company OverviewWalmart Inc. (NYSE:), the multinational retail giant, remains at the forefront of the retail industry with its extensive array of hypermarkets, discount department stores, and grocery stores. Catering to over 275 million customers weekly via approximately 11,500 stores in 27 countries and e-commerce websites in 10 countries, Walmart holds…
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! UBS: Nvidia is ‘the only chip company that can create its own market’ On Thursday, UBS analysts increased their…
